$2,549,000
73 Pitt Street A,B,C,D
Charleston, SC 29403
MLS# 21027190
Status: Closed
5144 sqft


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Property Description
The William Waller House, circa 1840, is situated on a large .23 acre lot located in the heart of Radcliffeborough and just steps from Upper/Central King St., Marion Square, the College of Charleston, and MUSC. The property features 4 units, and 12 bedrooms 10 full and 2 half baths, . Current gross annual income is $14,400/month ($172,800 annually) making it ideal for use as a primary residence or as an investment property. The large lot can easily accommodate 10+ off-street parking spaces. All of the units were renovated extensively in 2019-20 with updated electrical, plumbing, HVAC, lighting, and all new kitchens and baths.

Details
Maps
Contract Info
Primary Structure List Price/SqFt: 495.53
MLS List Date: 2021-10-07
Status: Closed
List Price: $2,549,000
Current Price: $2,549,000
Location, Tax & Legal
Unit #: A,B,C,D
Legal Description: 73 PITT
Tax Map #: 4601603066
Street #: 73
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: 3
Potential Short Sale: No
Number of Units: 4
Primary Structure Apx SqFt: 5144
Year Built: 1840
Acreage: 0.23
Income, Expenses & Fees
Gross Income: 172800
Status Change Info
Sold Price/SqFt: 495.53
New Mortgage Type: Conventional
Sold Date: 2022-07-15
SqFt Source
Hired Measurement: 1
Unit 1
SqFt: 2964
Bedrooms: 5
Baths: 5.5
Unit 2
SqFt: 900
Bedrooms: 3
Baths: 3.5
Unit 3
SqFt: 640
Bedrooms: 2
Baths: 1
Unit 4
SqFt: 640
Bedrooms: 2
Baths: 1
Roof
Architectural: 1
Slate: 1
Exterior
Wood Siding: 1
Foundation
Crawl Space: 1
Garage/Parking
Other (Use Remarks): 1
Driveway
Gravel: 1
Architectural Style
Quadplex: 1
New Owned/Pre-owned
Pre-Owned: 1
Equipment/Appliances
Dishwasher: 1
Disposal: 1
Gas Range: 1
Microwave: 1
Refrigerator: 1
Stacked Washer/Dryer: 1
Cooling
Central Air: 1
Heat
Heat Pump: 1
Amenities
Cable TV: 1
Trash: 1
Proposed Financing
Cash: 1
Conventional Loan: 1
Tenant Pays
All Utilities: 1
Possession
Tenants Rights: 1
Water/Sewer
Public Sewer: 1
Public Water: 1
Utility Suppliers
Charleston Water Service: 1
Dominion Energy: 1
Income Expenses Fees
Annual Expenses: 37199
Property Features
SqFt Source: Hired Measurement
Roof: Architectural; Slate
Exterior: Wood Siding
Foundation: Crawl Space
Driveway: Gravel
Architectural Style: Quadplex
Cooling: Central Air
Heat: Heat Pump
Amenities: Cable TV; Trash
Tenant Pays: All Utilities
Proposed Financing: Cash; Conventional Loan
Possession: Tenants Rights
Utility Suppliers: Charleston Water Service; Dominion Energy
Supplements
The stunning main house (Unit A) features 5 bedrooms/5.5 baths and approximately 3,000 sq.ft. making it ideal for use as a primary residence while allowing the flexibility of continuing to lease Units B, C, and D at $7,900/month (increasing to $8,150/month). Believed to have been constructed by Richard Holloway, this grand structure has been preserved with original plaster moldings, wide plank heart pine floors, 11 foot + ceilings, grand double piazzas, wrought iron gates, and original marble mantles/surrounds on two of the four fireplaces. The property has a current lease in place at $6,500/month, which is increasing to $6,600/month in August. Unit B has approximately 900 sq.ft. with 3 bedrooms/3.5 baths and a lease currently in place at $3,500/month (increasing to $3,600/month). This stunning unit features updated plumbing, electrical, and HVAC along with reclaimed hardwood floors, beautifully finished bathrooms, and a well appointed kitchen featuring new countertops, cabinets, appliances, and lighting/plumbing fixtures. Units C & D are approximately 640 sq.ft. each with 2 bedrooms/1 bath. Both units are leased at $2,200/month (increasing to $2,250 & $2,300/month) and features updated kitchens/baths, new HVAC units, refinished original hardwood floors, and updated lighting throughout. There are 10+ off street spaces on-site and each individual unit is eligible to apply for 2 on-street parking decals through the City of Charleston. Additional income/expense information available by request.

IDX
Listing Office: The Boulevard Company

Last Updated: July - 16 - 2022

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