58 Pitt St

Multi-Family

58 Pitt St, CharlestonSC 29401

Property Details

Location

Address
58 Pitt St, CharlestonSC 29401
County
Charleston
Submarket
51 - Peninsula Chas. inside of crosstown
Parcels
4570401138

Building Size

Building Size
Rentable Space
3,355 SF

Building Details

Type
 Multi-Family
Number of Buildings
2
Number of Units
4
Occupancy Type
Single Tenant
Percent Occupied
100%
Building Class
Building Status
Existing
Floors
3
Year Built
1900
Sprinklers
Yes
Total Parking
3
Parking Ratio

Land & Utilities

Sanitary Sewer
Yes
Water
Yes
Rail Service
No
Zoning
DR-1F
Lot Depth
Lot Width

Contacts

Current Listings

58 Pitt Street

3,355 SF$1,695,000

The house is believed to have been built in 1900 and current family has owned it since 1960. The house consist of 3 floors and also has a carriage house. Each unit has its own electrical & water meters with 1 hour fire rated separations and could possibly have 1 short term rental if desired or turned back into a single family dwelling.

The property is located across the street from Bethel UMC. The College of Charleston Library is located next door, MUSC is 2 blocks away and Roper Hospital is 5 blocks away. Off street parking for 3 cars in the driveway. The property is not in a flood zone and owner states it sits 30'' above grade. The house and carriage house were gutted in 1991 to have electrical, plumbing, HVAC upgrades and the 1 hour fire rated separations installed along with separate electric & water meters for each unit. The house original heart of pines floors were sealed with a commercial moisture cure and look great. The roof was recoated in 2018, exterior was repainted and screens added in 2021. The carriage house stucco replaced & repainted in 2021.

The owner has lived in the first floor unit. The second floor tenants are students and lease expires June 30, 2022. They current pay $1800 per month. 2bd 1ba. The third floor tenant has been there 8 yrs and currently pays $1200/m for 2bd, 1ba. Lease expires August 31, 2022. The carriage house is a 2 yr tenant and pays $1000/m and lease expires August 31, 2022. Seller states the rents will increase if renewed and understands the rents are way under market rent. The taxes for 2021 were $12,129.27 and insurance ran $7909.72.

Seller will consider owner financing with 20% and acceptable offer .

The house is believed to have been built in 1900 and current family has owned it since 1960. The house consist of 3 floors and also has a carriage house. Each unit has its own electrical & water meters with 1 hour fire rated separations and could possibly have 1 short term rental if desired or turned back into a single family dwelling.

The property is located across the street from Bethel UMC. The College of Charleston Library is located next door, MUSC is 2 blocks away and Roper Hospital is 5 blocks away. Off street parking for 3 cars in the driveway. The property is not in a flood zone and owner states it sits 30'' above grade. The house and carriage house were gutted in 1991 to have electrical, plumbing, HVAC upgrades and the 1 hour fire rated separations installed along with separate electric & water meters for each unit. The house original heart of pines floors were sealed with a commercial moisture cure and look great. The roof was recoated in 2018, exterior was repainted and screens added in 2021. The carriage house stucco replaced & repainted in 2021.

The owner has lived in the first floor unit. The second floor tenants are students and lease expires June 30, 2022. They current pay $1800 per month. 2bd 1ba. The third floor tenant has been there 8 yrs and currently pays $1200/m for 2bd, 1ba. Lease expires August 31, 2022. The carriage house is a 2 yr tenant and pays $1000/m and lease expires August 31, 2022. Seller states the rents will increase if renewed and understands the rents are way under market rent. The taxes for 2021 were $12,129.27 and insurance ran $7909.72.

Seller will consider owner financing with 20% and acceptable offer .

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Commercial Location Score (CLS) is a scoring system developed by Moody's Analytics to help commercial real estate professionals gain a quick understanding of the major factors that affect the value of a location. It's designed as a means to consistently evaluate a location's suitability/desirability for a particular use based on a number of factors.

CIE

Source: SCCMLS

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