$640,000
5 Strawberry Lane, A & B
Charleston, SC 29403
MLS# 18025002
Status: Closed
3126 sqft
5 Strawberry Lane, A & B, Charleston, SC 29403
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5 Strawberry Lane, A & B, Charleston, SC 29403 5 Strawberry Lane, A & B, Charleston, SC 29403 5 Strawberry Lane, A & B, Charleston, SC 29403 5 Strawberry Lane, A & B, Charleston, SC 29403 5 Strawberry Lane, A & B, Charleston, SC 29403 5 Strawberry Lane, A & B, Charleston, SC 29403 5 Strawberry Lane, A & B, Charleston, SC 29403 5 Strawberry Lane, A & B, Charleston, SC 29403 5 Strawberry Lane, A & B, Charleston, SC 29403 5 Strawberry Lane, A & B, Charleston, SC 29403 5 Strawberry Lane, A & B, Charleston, SC 29403 5 Strawberry Lane, A & B, Charleston, SC 29403 5 Strawberry Lane, A & B, Charleston, SC 29403 5 Strawberry Lane, A & B, Charleston, SC 29403 5 Strawberry Lane, A & B, Charleston, SC 29403 5 Strawberry Lane, A & B, Charleston, SC 29403 5 Strawberry Lane, A & B, Charleston, SC 29403 5 Strawberry Lane, A & B, Charleston, SC 29403 5 Strawberry Lane, A & B, Charleston, SC 29403 5 Strawberry Lane, A & B, Charleston, SC 29403 5 Strawberry Lane, A & B, Charleston, SC 29403

Property Description
Welcome to 5 Strawberry Ln, a New Construction Duplex in the historic district of Downtown Charleston. This duplex is located two blocks from Upper King Street in one of Downtown's hottest neighborhoods; this Duplex checks all the boxes. A short walk takes you to the shopping, dining, and nightlife of Upper King Street. You can stay even closer to home and enjoy the growing number of neighborhood hangouts for a different pace. The property has convenient access to the highways and interstate makes navigating the City a breeze. As you approach this multi-family home, you will find it has a stately presence with access from the street. Each unit is 1500+ sq ft with 3 beds and 2 baths. The entire building underwent a full renovation, including......

Details
Maps
Documents
Contract Info
MLS List Date: 2018-09-06
Status: Closed
List Price: $665,000
Current Price: $640,000
Location, Tax & Legal
Tax Map #: 4600302056
Street #: 5
Street Name: Strawberry
Street Suffix: Lane
Unit #: A & B
County: Charleston
State: SC
Zip Code: 29403
Area: 52 - Peninsula Charleston Outside of Crosstown
Tax District: 71 - City of Charleston
Subdivision: North Central
Elementary School: James Simons
Middle School: Simmons Pinckney
High School: Burke
Legal Description: LT 20
Directions: Take Rutledge ave to Strawberry Lane. Home is on the left
General Property Info
Number of Units: 2
# Stories: 2
Ground Level: Yes
Primary Structure Apx SqFt: 3126
Year Built: 1991
Acreage: 0.08
Lease Purchase: No
Potential Short Sale: No
Income, Expenses & Fees
Gross Income: 61992
Annual Expenses: 19843
Net Income: 42149
Auction: No
Office/Member Info
Buyers Agency Compensation: 2.5
Buyers Agency Compensation Type: %
Status Change Info
Sold Date: 2019-12-31
Sold Price/SqFt: 204.73
New Mortgage Type: Other
Unit 1
SqFt: 1500
Bedrooms: 3
Unit 2
SqFt: 1500
Property Features
SqFt Source: Previous Listing
Roof: Architectural
Foundation: Crawl Space
Garage/Parking: 2 Car
Driveway: Gravel
Architectural Style: Duplex
New Owned/Pre-owned: Pre-Owned
Zoning: Conforming
Cooling: Central Air
Amenities: Bus Line; Cable TV; Trash
Sale Includes: Building and Land
Tenant Pays: All Utilities
Proposed Financing: Cash; Conventional Loan; FHA Loan; VA Loan
Possession: At Closing
Water/Sewer: Public Sewer; Public Water
Utility Suppliers: Charleston Water Service; SCE & G
Supplements
HVAC, electrical, mechanical, plumbing, and roof are all less than 4 years old. Each unit is outfitted with new hardwood floors throughout, granite counters, stainless steel appliances, tiled bathrooms and Modern fixtures throughout. If you were ever looking for a brand new cash flowing duplex with little to no upkeep and room to add additional cash flowing unit, this is the one for you. Ideal to live in and rent out other unit. Make an appointment to see 5 Strawberry Ln today. 24 Hr Notice Required. Gross Rent is $61,992 with a Net Income of $42,149. This property is a solid rental property in excellent condition and both units are long term tenants. All leases have 60 Day kick out clauses if someone wanted to be an owner occupied owner. One of the owners is a SC licensed Realtor. Listing Agent has NO OWNERSHIP in the property.

Listing Office: Charleston GPS, LLC

Last Updated: May - 12 - 2020

5 Strawberry Lane, A & B, Charleston, SC 29403 - MLS# 18025002
The listing broker’s offer of compensation is made to participants of the MLS where the listing is filed, as well as participants of MLSs via the Southeast MLS Alliance data share.

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