MLS# 18025653 | 23-25 Line Street Charleston SC | subdivision

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$2,450,000 | N/A beds | N/A full baths | N/A half baths | 5,984 sqft

$2,325,000
23-25 Line Street
Charleston, SC 29403
  • N/ABeds
  • N/AFull Baths
  • N/AHalf Baths
  • 5,984SqFt
  • 1980Year Built
  • 0.23Acres
  • MLS# 18025653
  • Multi Family
  • Sold

  • Approx Time on Market2 months, 25 days
  • AreaHistoric Charleston
  • CountyCharleston
  • SubdivisionNone

Overview

Smith's Alley is the best new redevelopment project in Charleston. Conveniently located near the corner of Meeting & Line Streets across from the new 12 acre Courier Square development. Smith's Alley is a beautifully renovated 7 unit; 22 bedroom apartment building in the epicenter of Charleston's most creative food, music, design, & art scene. Complete restoration from top to bottom: all new roof, electrical, plumbing, & HVAC. Beautiful new kitchens, new high-end appliances, new bathrooms, quality fixtures. Year 1 Rent Income = $185,400. NOI = $154,793 (see the attached Sale Information Packet). Parking available for Tenants & tranquil private courtyards for Tenant use: recreation, meditation, alfresco dining, bike storage. Well positioned in the 'new' center of the Peninsula. Easy accessto I-26, Mt. Pleasant, and steps from the restaurants & nightlife of Upper Meeting Street and King Street. Easy to lease - Tenants will be drawn to this trend-setting neighborhood with so many available amenities: bike the bridge, take a Yoga class, see a show at Woolfe Street Playhouse, meet friends at The Alley, Rappahannock Oyster Bar, The Commodore, Indaco, & so much more.


Sale Info

Listing Date: 09-18-2018

Sold Date: 12-14-2018

Aprox Days on Market: 
    2 month(s), 25 day(s)

Listing Sold: 
   5 Year(s), 4 month(s), 19 day(s) ago

Original Asking Price: $2,450,000

Asking Price: $2,450,000

Selling Price: $2,325,000

Price Difference From Original: 
Reduced By $125,000

Price Difference From Asking: 
Reduced By $125,000

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:  1980

Business Info

Rent Control:  No

Buyer Compensation

Exterior Features

Pool Private:  No

Garage / Parking

Garage:  No

Attached Garage:  No

Interior Features

Fireplace:  No

Lot Info

Lot Size:  0.23

Lot Size Units:  Acres

Acres:  0.23

Lot Sqft:  10018.8

Irrigation Water Rights:  Yes

Offer Compensation

Other

Mobile Home Remains:  Yes

Property Info

Property Type:  B

Stories:  2

New Construction:  No

Building Area Units:  Square Feet

Entry Location:  Ground Level

View:  No

Home Warranty:  Yes

Habitable Residence:  Yes

Structure Type:  More than 4

Room Info

Sale / Lease Info

Sold Date:  2018-12-14T00:00:00

Lease Renewal Option:  Yes

Lease Considered:  Yes

Lease Assignable:  Yes

Sqft Info

Sqft:  5984

Unit Info

Number of Units Total:  7

Utilities / Hvac

Heating:  No

Cooling:  No

Waterfront / Water

Waterfront:  No

Schools

Elem:  Mitchell

Middle:  Simmons Pinckney

High:  Burke

Directions

From Meeting Street, Turn Onto Line Street Heading East. Property Will Be On Your Right (south Side).

Courtesy of listing office Southeastern Management Group, 

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On marshallwalker.com since Tue, Sep 18th 2018
No Property History recorded for this listing.

Residential, Land, Other Disclaimer:

Broker Reciprocity 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 05-03-2024 2:04 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. Copyright 2024 Charleston Trident Multiple Listing Service, Inc. All rights reserved.
Commercial Sale/Lease: Copyright 2024 South Carolina commercial MLS, Inc. All rights reserved. Last updated on 05-03-2024 2:04 PM EST est.

Any images related to data from the MLS is the sole property of the MLS and not the responsibility of the owner of this website.


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