196 Rutledge Avenue, Charleston, SC 29403 (MLS# 20015529)

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196 Rutledge Avenue, Charleston, SC 29403

$2,800,000

4CD9BB0C-3519-4E58-98C4-1FA84A46FFAF_1_2

Property Type: MultiFamily Square Footage: 6,025 Lot Size (sq. ft.): 8,712 Status: Closed

Current Price: $2,800,000 List Date: 6/08/2020 Last Modified: 8/09/2023

Overview

Description

A great opportunity to step into an existing business with continual cash flow that has bookings into 2021. The 196 Rutledge Avenue Inn, circa 1910, has been operating since 2011. We invite you to review for yourself over 800-5 star reviews of our rental history. The main house was renovated down to the studs in 2008. All electric, plumbing, and HVAC were updated at that time. A ''cottage'' was built at 194 Rutledge Avenue in 2008, beside the main house. There is off-street parking for 8 cars. The main house boasts high ceiling with original molding and mahogany inlaid wood floors. Units A and B have spacious open-concepts, measuring over 1350 sq. ft with two large bedrooms and two and a half bathrooms. Units C & D are 800 sq.ft each and feature 1BR/1BA. Agent is part owner.

Supplements: The cottage is approximately 1550 sq.ft. It is a 2 story single unit that has 2BR/2.5BA. It has a private fenced front yard that a gorgeous grand magnolia tree that provides wonderful shade for your afternoon tea or cocktails. The cottage is setback from Rutledge Avenue which provide a quiet and private setting that can be unique to an urban sett ... (Read more)

Listing Details MLS# 20015529

Location, Tax & Legal

Tax Map #: 4601502063
Street #: 196
Street Name: Rutledge
Street Suffix: Avenue
County: Charleston
State: SC
Zip Code: 29403
Area: 51 - Peninsula Charleston Inside of Crosstown
Tax District: 71 - City of Charleston
Subdivision: Cannonborough-Elliotborough
Elementary School: Memminger
Middle School: Simmons Pinckney
High School: Burke

Contract Info

MLS List Date: 2020-06-07
Primary Structure List Price/SqFt: 481.33

General Property Info

Number of Units: 5
# Stories: 2
Ground Level: No
Total Apx SqFt: 6025
Year Built: 1910
Acreage: 0.2
Lease Purchase: No
Potential Short Sale: No

Income Expenses Fees

Annual Expenses: 122500
Net Income: 223000

Status Change Info

Sold Date: 2021-06-11
Sold Price/SqFt: 464.73
New Mortgage Type: Conventional

Unit 1

SqFt: 1275

More Information

Unit 2

SqFt: 1350

Unit 3

SqFt: 885

Unit 4

SqFt: 750

Unit 5

SqFt: 1550

Property Features

SqFt Source: Appraisal; Tax Records Roof: Architectural; Metal Exterior: Wood Siding; See Remarks Foundation: Crawl Space Architectural Style: Quadplex; Single Family Detached Zoning: Conforming Cooling: Central Air Heat: Forced Air; Heat Pump Amenities: Trash Sale Includes: All Furniture; Other (Use Remarks) Tenant Pays: No Utilities Proposed Financing: Any Possession: At Closing Special: Flood Insurance Utility Suppliers: Charleston Water Service; Dominion Energy

Listing Office: Dana Properties, LLC

Last Updated: August - 09 - 2023

Properties marked with IDX logo are provided courtesy of Charleston Trident Multiple Listing Service, Inc. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Charleston Trident Multiple Listing Service. Real estate listings held by brokerage firms other than the website owner are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing this data believes it to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information is provided exclusively for consumers' personal, non-commerical use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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