MLS# 22005436 | 90 Drake Street Charleston SC | Eastside subdivision
843-225-7007
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Charleston, SC 29403
- 9Beds
- N/AFull Baths
- N/AHalf Baths
- 3,790SqFt
- 1872Year Built
- 0.13Acres
- MLS# 22005436
- Multi Family
- Sold
- Approx Time on Market2 months, 21 days
- AreaHistoric Charleston
- CountyCharleston
- SubdivisionEastside
Overview
Gorgeous 3-unit rental property in historic Eastside with breathtaking views of the Ravenel bridge. Beautifully renovated main house was built in 1872 and has upstairs and downstairs 3br/2ba units. Master bedrooms of both units contain dual his-and-her closets. Kitchens with stainless steel appliances, granite countertops, and maple cabinets. Original 1870s heart-pine trim/floors carefully restored; walls were fully insulated when renovated. One fireplace is operational, so master bedrooms have functional wood-burning fireplaces. Stunning exposed masonry and charming side porches showcase historic elegance. 1940s back house has 3br/1ba and was completely renovated with new windows. 4 off-street parking places and brick-bed landscaping. Walking distance to downtown and bridge--a real gem!All three units are leased. Unit A is leased for $2350; the lease expires 7/31/2022. Unit B is leased for $2400; the lease expires 7/31/2022. Unit C is leased for $2000; the lease expires 6/30/2022. Insurance is $3789 annually. Taxes are $8901. CAP Rate 5.06% Proforma CAP Rate when units are released 5.50%
Sale Info
Listing Date: 03-04-2022
Sold Date: 05-26-2022
Aprox Days on Market: 
2 month(s), 21 day(s)
Listing Sold: 
1 Year(s), 11 month(s), 20 day(s) ago
Original Asking Price: $1,350,000
Asking Price: $1,350,000
Selling Price: $1,300,000
Price Difference From Original:
Reduced By $50,000
Price Difference From Asking:
Reduced By $50,000
Agriculture / Farm
Grazing Permits Forest Service: Yes
Grazing Permits Private: Yes
Grazing Permits Blm: Yes
Horse: No
Farm Credit Service Incl: Yes
Association Fees / Info
Bathroom Info
Building Info
Year Built: 1872
Business Info
Rent Control: No
Buyer Compensation
Exterior Features
Pool Private: No
Garage / Parking
Gar Pkg: Other (Use Remarks)
Garage: No
Attached Garage: No
Interior Features
Fireplace: No
Lot Info
Lot Size: 0.13
Lot Size Units: Acres
Acres: 0.13
Lot Sqft: 5662.8
Irrigation Water Rights: Yes
Offer Compensation
Other
Mobile Home Remains: Yes
Property Info
Property Type: B
Stories: 2
Foundation: Crawl Space
Exterior: Wood Siding
New Construction: No
Roof: Architectural, Metal
Building Area Units: Square Feet
View: No
Home Warranty: Yes
Habitable Residence: Yes
Structure Type: Other
Room Info
Beds: 9
Sale / Lease Info
Sold Date: 2022-05-26T00:00:00
Lease Renewal Option: Yes
Lease Considered: Yes
Lease Assignable: Yes
Sqft Info
Unit Sqft: 950
Unit Sqft: 1,420
Unit Sqft: 1,420
Sqft: 3790
Unit Info
Number of Units Total: 3
Unit Bedrooms: 3
Unit Bedrooms: 3
Unit Bedrooms: 3
Utilities / Hvac
Water Source: Public
Utilities: Charleston Water Service, Dominion Energy
Heating: Yes
Heat: Heat Pump
Water Sewer: Public Sewer
Cooling: Yes
Waterfront / Water
Waterfront: No
Courtesy of listing office River Hawk Properties LLC
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