North Charleston, SC 29405
- N/ABeds
- N/AFull Baths
- N/AHalf Baths
- 2,379SqFt
- 1940Year Built
- 0.19Acres
- MLS# 1318098
- Multi Family
- Sold
- Approx Time on Market4 months, 12 days
- AreaNorth Charleston Inside I-526
- CountyCharleston
- Subdivision Chicora Place
Overview
Here is a chance for an investor to create a strong cash flow with a high cash on cash return. This property consists of a main house that is a 1914 sq foot duplex, a small cottage, and an older mobile home. All units are rented unit A $450, unit B $575, cottage $400 and the mobile home for $325. Owner pays about $30 per month for a security light, and taxes ran $865 last year. Each unit has its own water and electric meters, and tenants pay those. Seller does not carry hazard insurance and his liability is under an umbrella policy he holds for multiple properties. The duplex was recently fixed up to rent and he says he spends less than $50 per month on repairs. Cottage tenant has been there 10 years and mobilehome tenant about 5. Run your own numbers but this will make money in everyscenario. Tenants are quiet and are very low maint. What you see if what you get. Nothing fancy but this is the ugly duckling that laid the golden egg. Seller will even offer financing with 25% down. Please do not approach tenants or let them know property is for sale.
Sale Info
Listing Date: 07-12-2013
Sold Date: 11-25-2013
Aprox Days on Market: 
4 month(s), 12 day(s)
Listing Sold: 
10 Year(s), 11 month(s), 6 day(s) ago
Original Asking Price: $90,000
Asking Price: $90,000
Selling Price: $90,000
Price Difference From Original:
Same as Original Price
Price Difference From Asking:
Same as Asking Price
Agriculture / Farm
Grazing Permits Forest Service: No
Grazing Permits Private: No
Grazing Permits Blm: No
Horse: No
Farm Credit Service Incl: No
Association Fees / Info
Bathroom Info
Building Info
Year Built: 1940
Business Info
Rent Control: No
Buyer Compensation
Exterior Features
Pool Private: No
Garage / Parking
Garage: No
Attached Garage: No
Interior Features
Fireplace: No
Lot Info
Lot Size: 0.19
Lot Size Units: Acres
Acres: 0.19
Lot Sqft: 8276.4
Irrigation Water Rights: No
Offer Compensation
Other
Mobile Home Remains: No
Property Info
Property Type: B
New Construction: No
Building Area Units: Square Feet
View: No
Home Warranty: No
Habitable Residence: No
Structure Type: Duplex, House, More than 4, Quadruplex
Room Info
Sale / Lease Info
Sold Date: 2013-11-25T00:00:00
Lease Renewal Option: No
Lease Considered: No
Lease Assignable: No
Sqft Info
Sqft: 2379
Unit Info
Number of Units Total: 4
Utilities / Hvac
Water Source: Public
Heating: No
Water Sewer: Public Sewer
Cooling: Yes
Waterfront / Water
Waterfront: No
Directions
From West Ashley Take Cosgrove Turn Right On Spruill. Then Right On Calvert Homes On The Left. No Sign On PropertyCourtesy of listing office Brand Name Real Estate