Description
LOCATION!! Rare opportunity to own a low maintenance brick triplex less than 1 mile from Park Circle and 6 miles from historic downtown Charleston! Buy now at less than $150 Sq/ft and in few years it will be appraised like Park Circle at $250/$350 Sq/ft. Property is in an old established neighborhood in the Liberty Hill subdivision close to Charity Baptist Church. Updates include new roof, new HVAC units, new water heaters, new windows, new doors, updated electric ad plumbing, new main drain system, new firewall, some new kitchen cabinets, backsplash, freshly painted and removed popcorn ceiling. Insulation has been added or completely replaced. New kitchen cabinets in unit A, in unit B partially new, C kitchens have been nicely restored. New lights and fans. Newer appliances, dishwashers.Rents are: $1,400 for unit C to be raised in 2 months to $1,500, unit B is rented for $1,230 and will be raised to $1,300, unit A is rented at $1,100 and in 2 months it will be $1,200.
Buyer agrees to participate in a 1031 tax exchange at no cost to buyer if seller pursues that option. Seller has no mortgage so does not pay for flood insurance. Few upgrades: new windows, hot water heaters, new HVAC, new roof, crawl space has been fixed and upgraded, it has been treated with bugs repellent in the crawlspace past July (invoice available), insulation has been sprayed in the 3 attics, painted and restored fascia and soffit and LVT floors.
