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$1,399,000.00 53 Drake
- MLS#:23024061
- Address: 53 Drake
- City / Zip:Charleston, 29403
- Area:Peninsula Charleston Below Crosstown
- County:Charleston
- Sq Ft:2,502
- Acres:0.07
- Stories:2.0
- Year Built:1900
- Time On Market:10/21/2023
- Status: Active
Property Amenities
-
Exterior Features
- Wood Siding
Additional Information
- Kind
- Single Family Detached
- Elementary School
- Sanders Clyde
- Middle School
- Northwoods
- High School
- Burke
Market Trends for
Peninsula Charleston Below Crosstown
- Last Updated: 5/3/24
- Market Snapshot
- Total Properties listed: 195
- Average list Price: $1,453,387.86
- Median list Price: $919,900.00
- Typical Property
- Multi-Family
- 2551.37 Square Feet
- $569.65 / Sq. Ft.
This listing is provided courtesy by Matt O'Neill Real Estate.
Listings provided courtesy of Charleston MLS.
Information Deemed Reliable But Not Guaranteed
Copyright © 2024 Charleston MLS - All Rights Reserved
Agent's Comments
***Ask about the possibility of receiving 1% reduction in interest rate and free refi.*** Introducing an exceptional potential investment opportunity in the heart of downtown Charleston, this multi-family residence presents a great prospect for savvy investors. Comprising four well-maintained 2-bedroom, 1-bathroom units, this property is currently fully leased through July 2024.Three of the units, each fetching an impressive $2,030 per month, provide a solid foundation for the current annual gross income of $95,000. The remaining unit commands a rental rate of $1,830 per month.This property boasts recent renovations including a new roof, updated siding, and a fresh exterior paint job completed in 2023, underscoring its commitment to maintaining its condition.