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2135 Montford Avenue , A, B, C

Charleston, SC 29403
  • $1,410,000
  • STATUS: Active
  • ON SITE: 17 Days
  • ID#: 24026495
UPDATED: 60 min ago
$1,410,000
  • 9
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,197
    SQFT
  • $336
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
2017
County:

School Information

Elementary School:
Middle School:
High School:

Description

Don't miss this rare investment opportunity: a 3-unit property built in 2017, situated in the heart of Downtown Charleston. This modern multi-family home offers a total of 9 bedrooms, 6 full baths, and 3 half baths across 4,197 square feet. Each unit boasts approximately 1,300 square feet of living space, featuring 3 bedrooms and 2.5 baths.Inside, you'll find high-end finishes throughout, including an open floor plan with high ceilings, stainless steel appliances, and large windows that fill the space with natural light. Units on the second and third floors feature spacious balconies--perfect for enjoying the Charleston weather.This area offers easy access to all that Wagener Terrace has to offer, a walk or short drive to Historic Downtown Charleston, but it is also adjacent to the NoMo area where there is a growing opportunity to experience this budding area which is becoming a tech hub with many restaurants and breweries providing a fresh social scene, and it's only a 10-15 minute drive to Charleston International Airport. Lastly, from an investment standpoint, this property is within walking distance to the site of the Magnolia Development which is a 20 acre site that is slated to include office and retail within its plans. The property comes with five off-street parking spaces, a highly sought-after amenity in this area. The 3 leases are staggered with lease renewals coming up March 1, 2025, May 1, 2025, and August 1, 2025. The property generates a total of $102,000 in gross revenue between the three units which makes it a great investment opportunity with all three units on long term leases. Conversely, a buyer looking to occupy one unit could easily utilize the revenues from the remaining two units. A $2,500 lender credit is available and will be applied towards the buyer's closing costs and prepaids if the buyer chooses to use the seller's preferred lender. This credit is in addition to any negotiated seller concessions.

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Charleston Trident Association of REALTORS® logo Real estate listing marked with the CTMLS logo or an abbreviated logo are provided courtesy of the Charleston Trident MLS Broker Reciprocity Database. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Charleston Home Team | Realty One Group Coastal. Data last updated: 2024-11-03T10:31:24.593.
www.charlestonhometeam.com/homes/156817917
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2135 Montford Avenue , A, B, C Charleston, SC 29403

  • Price: $1,410,000
  • Status: Active
  • On Site: 17 Days
  • Updated: 60 min ago
  • ID#: 24026495
9
Beds
0
Baths
0
½ Baths
0.11
Acres
4,197
SQFT
$336
$/SQFT
2017
Built
Neighborhood:
Garden Hill
County:
Charleston
Area:
Charleston Peninsula - Above Crosstown
Elementary School:
James Simons
Middle School:
Simmons Pinckney
High School:
Burke
Property Description
Don't miss this rare investment opportunity: a 3-unit property built in 2017, situated in the heart of Downtown Charleston. This modern multi-family home offers a total of 9 bedrooms, 6 full baths, and 3 half baths across 4,197 square feet. Each unit boasts approximately 1,300 square feet of living space, featuring 3 bedrooms and 2.5 baths.Inside, you'll find high-end finishes throughout, including an open floor plan with high ceilings, stainless steel appliances, and large windows that fill the space with natural light. Units on the second and third floors feature spacious balconies--perfect for enjoying the Charleston weather.This area offers easy access to all that Wagener Terrace has to offer, a walk or short drive to Historic Downtown Charleston, but it is also adjacent to the NoMo area where there is a growing opportunity to experience this budding area which is becoming a tech hub with many restaurants and breweries providing a fresh social scene, and it's only a 10-15 minute drive to Charleston International Airport. Lastly, from an investment standpoint, this property is within walking distance to the site of the Magnolia Development which is a 20 acre site that is slated to include office and retail within its plans. The property comes with five off-street parking spaces, a highly sought-after amenity in this area. The 3 leases are staggered with lease renewals coming up March 1, 2025, May 1, 2025, and August 1, 2025. The property generates a total of $102,000 in gross revenue between the three units which makes it a great investment opportunity with all three units on long term leases. Conversely, a buyer looking to occupy one unit could easily utilize the revenues from the remaining two units. A $2,500 lender credit is available and will be applied towards the buyer's closing costs and prepaids if the buyer chooses to use the seller's preferred lender. This credit is in addition to any negotiated seller concessions.
Exterior Features

Construction Materials Masonite Covered Spaces 0 Foundation Details Slab Garage YN No Other Structures No Parking Features Other (Use Remarks) Roof Architectural

Interior Features

Cooling Central Air Cooling YN Yes Heating Natural Gas Heating YN Yes Interior Features Ceiling Fan(s) Unit1 Baths 2.5 Unit1 Bedrooms 3 Unit1 Sq Ft 1399 Unit2 Baths 2.5 Unit2 Bedrooms 3 Unit2 Sq Ft 1399 Unit3 Baths 2.5 Unit3 Bedrooms 3 Unit3 Sq Ft 1399

Property Features

Listing Terms Any New Construction YN No Sewer Public Sewer Structure Type Triplex Utilities Charleston Water ServiceDominion Energy Water Source Public

Charleston Trident Association of REALTORS® logo Listing courtesy of Carolina One Real Estate: 843-779-8660.


Charleston Trident Association of REALTORS® logo Real estate listing marked with the CTMLS logo or an abbreviated logo are provided courtesy of the Charleston Trident MLS Broker Reciprocity Database. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Charleston Home Team | Realty One Group Coastal. Data last updated: 2024-11-03T10:31:24.593.
 
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