$2,000,000
Charleston, SC 29403
MLS# 23022820
Status: Closed
4752 sqft
1 / 17
Property Description
Brimming with charm and situated in the downtown's Radcliffeborough neighborhood, 67 Pitt Street (Units A, B and C) offers buyers a positive cash flow investment opportunity into the vibrant Charleston real estate market. Two detached structures house three units just mere blocks from MUSC and the College of Charleston. This fully leased 10-bedroom, 6-bathroom package grosses $173,400 in rental income and it provides 7 off-street parking spaces for the tenants.
Details
Maps
Documents
Contract Info
Primary Structure List Price/SqFt: 420.88
MLS List Date: 2023-10-05
Status: Closed
List Price: $2,000,000
Current Price: $2,000,000
Location, Tax & Legal
Unit #: A, B, And C
Legal Description: LT A
Tax Map #: 4601603069
Street #: 67
Street Name: Pitt
Street Suffix: Street
County: Charleston
State: SC
Zip Code: 29403
Area: 51 - Peninsula Charleston Inside of Crosstown
Tax District: 71 - City of Charleston
Subdivision: Radcliffeborough
Elementary School: Memminger
Middle School: Simmons Pinckney
High School: Burke
Directions: Take Calhoun St. West past King St. Turn right onto Pitt St, and the house is on your left before Vanderhorst St.
General Property Info
# Stories: 2
Potential Short Sale: No
Other Structures Y/N: No
Number of Units: 3
Primary Structure Apx SqFt: 4752
Year Built: 1895
Acreage: 0.19
Income, Expenses & Fees
Gross Income: 173400
Status Change Info
Sold Price/SqFt: 420.88
New Mortgage Type: Conventional
Sold Date: 2023-10-05
SqFt Source
Tax Records: 1
Unit 1
SqFt: 1500
Bedrooms: 3
Baths: 2
Unit 2
SqFt: 1500
Bedrooms: 3
Baths: 2
Unit 3
SqFt: 1560
Bedrooms: 4
Baths: 3
Roof
Architectural: 1
Metal: 1
Exterior
Wood Siding: 1
Foundation
Crawl Space: 1
Garage/Parking
Other (Use Remarks): 1
Driveway
Gravel: 1
Architectural Style
Duplex: 1
Single Family Detached: 1
New Owned/Pre-owned
Pre-Owned: 1
Equipment/Appliances
Dishwasher: 1
Disposal: 1
Dryer: 1
Electric Range: 1
Refrigerator: 1
Washer: 1
Cooling
Central Air: 1
Heat
Electric: 1
Amenities
Cable TV: 1
Trash: 1
Proposed Financing
Any: 1
Possession
At Closing: 1
Water/Sewer
Public Sewer: 1
Public Water: 1
Utility Suppliers
Carolina Water Service: 1
Dominion Energy: 1
Property Features
SqFt Source: Tax Records
Roof: Architectural; Metal
Exterior: Wood Siding
Foundation: Crawl Space
Driveway: Gravel
Architectural Style: Duplex; Single Family Detached
Cooling: Central Air
Heat: Electric
Amenities: Cable TV; Trash
Proposed Financing: Any
Possession: At Closing
Utility Suppliers: Carolina Water Service; Dominion Energy
Supplements
The main home, circa 1865, is a classic Charleston single recently renovated by Salt Marsh Contracting with a new roof added in 2018. The duplex-style property encompasses over 3,000 square feet and has two, 3-bedroom, 2-bathroom units. The renovated kitchens feature stainless steel appliances, semi-custom cabinets, soft-close drawers, and granite countertops. Original hardwood floors line both apartments and accent the modern upgrades. Unit A is currently leased for $4000 a month and Unit B is leased for $4000 a month.
The second structure in the rear of the property was built in 2019 by Salt Marsh Contracting, and it is a single detached modern dwelling with a current lease for $4500 a month. The 1,560 square foot unit offers 4 bedrooms, 3 bathrooms and features a desirable open-concept layout. The new construction home is complete with high-end finishes and a stylish design.
The current owner has made several recent improvements, including new exterior paint on the main home, new landscaping, added a parking space and placed new iron banister rails to the entrance of both street front units.
67 Pitt Survey 
Listing Office: Daniel Ravenel Sotheby's International Realty
Last Updated: October - 05 - 2023
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