Viewing Listing MLS# 19024426

  • $925,000
    No Recent Price Change
  • 56 Ashe Street
    Charleston, SC 29403
N/ABeds
N/AFull Baths
N/AHalf Baths
2,974SqFt
1935Year Built
0.07Acres
  • MLS# 19024426
  • Multi Family
  • Active

AreaHistoric Charleston
CountyCharleston

Agent Remarks

Like new, low maintenance up/down duplex fully leased thru 7/31/2020.***8 bedrooms, 4 baths, off-street parking***flood zone X (no insurance required, little to no landscaping to maintain***gutted to the studs in 2016 with new roof, new windows, 2 new HVAC systems, all new stainless steel kitchen appliances, including 2 refrigerators, plus 2 sets of new washer/dryers, plywood window covers pre-cut for hurricanes, 2 tankless water heaters, gravel drive & back yard for parking***tenants like granite counters, white shaker-style cabinetry, tile bath floors, bamboo flooring, mini-blinds, ample closets***close to MUSC/COC with desirable 8/1/20 move in date (both units rented quickly this year @$3025/mo/ea, so rents can likely be increased next year), insurance $3274, 2018 taxes $5711. You will not find a multi-family property in better condition with this many bedrooms and baths and off-street parking in a more desirable location for rentals for this price, especially with the potential to increase rents next year. Plus, flood insurance is not required in Zone X and there is little to no landscaping to maintain, so maintenance expenses are much less. Although not new construction, much of the siding was replaced in 2016 and the roof and HVAC were also new in 2016. The electrical and plumbing were new in 2016, including wiring and pipes, all light fixtures, plumbing fixtures, etc. There are 2 electric meters and 2 water meters. Tenants pay all utilities. Tenants not only pay higher rent ($6050/month) for updated finishes and ample closets, but they appreciate the utility savings that come with tankless water heaters, high efficiency HVAC and wall insulation, all rare downtown! 2018 property taxes were $5711.33 (subject to change). Current insurance (Allstate) is $3274. Flood insurance in Zone X is not required, although carried by current owner ($707). Current management company charges 10% of gross rent, but new owner is not bound to assume management contract. Current owner employs landscaping company, but there is not much to be done as there is little to no landscaping.


Baths Info

Unit 1 Baths:  2

Unit 2 Baths:  2

Building Info

Year Built:  1935

Exterior Features

Architectural Style:  Duplex

Lot Info

Acres:  0

Property Features

Stories:  2.0

Amenity:  Cable Tv Available, Trash Pickup

Rooms Info

Ground Level:  No

SqFt Info

Sqft:  2,974

Unit Info

Unit 1 Bedrooms:  4

Unit 2 Bedrooms:  4

Schools

School Elem:  Memminger

School Middle:  Courtenay

School High:  Burke

Courtesy of listing office AgentOwned Preferred Group In 

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On echarlestonrealestate.com since Thu, Aug 22nd 2019
No Property History recorded for this listing.

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Broker Reciprocity The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Charleston Trident Multiple Listing Service. Real estate listings held by brokerage firms other than AgentOwned Preferred Group In are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Last updated on 09-19-2019 9:03 PM EST . The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Copyright 2019 Charleston Trident Multiple Listing Service, Inc. All rights reserved.
Commercial Sale/Lease: Copyright 2019 South Carolina commercial MLS, Inc. All rights reserved. Last updated on 09-19-2019 9:03 PM EST est.

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