MLS# 30622885 | 196 Rutledge Avenue Charleston SC | subdivision
843-225-7007
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Charleston, SC 29403
- $514.52Price per SqFt
- 6,025SqFt
- 158Days on Market
- N/AZoning
- 1910Year Built
- Multi FamilyUse
- MLS# 30622885
- Commercial Sales
- Multi Family
- Sold
- Approx Time on MarketN/A
- AreaHistoric Charleston
- CountyCharleston
- Subdivision N/A
Overview
Step into an existing business with continual cash flow and bookings well into 2021. The 196 Rutledge Avenue Inn has, circa 1910, has been operating since 2011. Review over 800 5-star reviews of rental history! The main house was renovated down to the studs in 2008. All electric, plumbing, and HVAC were updated at that time. A ''cottage'' was built at 194 Rutledge Avenue in 2008, beside the main house. Off-street parking for 8 cars. The main house boasts high ceiling with original molding and mahogany inlaid wood floors. Units A and B have spacious open floor plans, measuring over 1,350sf with two large bedrooms and two and a half bathrooms. Units C & D are 800 sf each and feature 1BR/1BA. The two level, single unit cottage has 2BR/2.5BA in approx. 1,550sf. A private fenced front yard provides a relaxing area beside a stunning, grand magnolia tree that provides shade for your afternoon tea or cocktails. The cottage is setback a distance from Rutledge Avenue creating a unique, peaceful, and private urban setting. Other features include Carrara marble countertops throughout over custom cabinets in the kitchens and bathroom vanities. High-end stainless-steel appliances featuring some built-in refrigerators, duel-fuel ranges with electric convection ovens, large under-mount sinks, and Bosch dishwashers. All units have washer and dryers.An opportunity an excellent opportunity to own a cash-flowing piece of Historic Charleston.
Sale Info
Listing Date: 02-24-2025
Sold Date: 06-11-2021
Listing Sold:
4 Year(s), 1 month(s), 22 day(s) ago
Asking Price: $3,100,000
Selling Price: $2,800,000
Price Difference:
Reduced By $300,000
Building Info
Anchored: No
Year Built: 1910
Financial
Asking Price Type: Fixed Price
Garage / Parking
Parking Type: Surface
Lot Info
County: Charleston
Lot Acres Min: 0.200
Land Size: 0.20
Misc
Title: Classic Cash Flowing Inn
Offer Compensation
Property Info
Second Property Subtype: Multi Family
Zoning: City of Charleston - DR-2F -
Nearest Msa: Charleston-North Charleston, SC
Sale Terms: Cash
Property Type: A
Original Price: $3,100,000
Build To Suit: No
Property Use Type: Business, Investment, Multi-Family
Class Type: Multi Family
Sold Info
Sold Date: 2021-06-11T00:00:00
Sqft Info
Rentable Area: 6025
Unit Info
Utilities / Hvac
Water Source: Public
Sewer: Public Sewer
Courtesy of listing office Dana Properties, LLC
MLS# 30517001 
The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Charleston Trident Multiple Listing Service. Real estate listings held by brokerage firms other than Marshall Walker Real Estate are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Last updated on 08-02-2025 1:26 PM EST .
The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
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