2 Hanover Street A&B St - Apartments FOR SALE


Charleston, SC 29403- East Side
$575,000 USD
843-697-4014
2 Hanover Street A&B St, Charleston, SC for Sale
$575,000 USD
Apartments - FOR SALE
1/1
null | Request Cap Rate

2 Hanover Street A&B St
Charleston, SC 29403
East Side


OVERVIEW

This is an opportunity to renovate a classic Charleston single house (currently configured as a duplex), located on a corner lot in the vibrant south end of the Eastside. The duplex is located just a few blocks from the bustling upper Meeting Street and upper King Street corridors. Per tax records, the original structure was built in 1852. The property is currently configured with an upstairs apartment and a downstairs apartment. Each apartment has two bedrooms, 1 bathroom, a living area and a kitchen. Potential renovation options include keeping as a duplex rental, converting into two condominium units, or converting to single family use. Many of the structures in the immediate vicinity of this house have been updated or renovated. The property features a small rear yard that can be used for off-street parking (1 large vehicle and/or potentially 2 smaller vehicles). The four windows facing Hanover St. have been replaced in recent years by the current owner. With an acceptable offer, the seller is also willing to replace the upstairs kitchen window. The current roof was installed in 2009. The current owner believes that there may be as many as four fireplaces hidden behind the drywall of the apartments (buyer to verify). There is also an old brick cistern located under the rear portion of the house. The lease for the downstairs apartment expires on May 31, 2025 and the lease for the upstairs apartment expires on June 30, 2025. DISCLOSURES: Square footage is only an estimate taken from tax records (buyer to verify). The seller is licensed SC real estate salesperson.

FOR SALE DETAILS

PRICE

$575,000 USD

PRICE/SF

$334 USD /SF

# OF UNITS

2

PRICE/UNIT

$287,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Eastside Duplex Renovation Opportunity

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1852

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

459-09-03-036

ASK ABOUT THIS PROPERTY

Christopher CunniffeEngel & Volkers CharlestonMore Info
843-697-4014

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Christopher CunniffeEngel & Volkers CharlestonMore Info
843-697-4014

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.