70 Nassau Street, Charleston, SC 29403

$995,000
2,784
SqFt

Property Description

70 Nassau is a three unit multifamily property in the up and coming Eastside neighborhood in downtown Charleston. Several landmarks, are located near this property, making it a great location for locals and visitors. Unit A has three bedrooms and two baths, Unit B and C have one bedroom and one bath each. Currently all units are rented to long term tenants with renewals being executed for August 2021 to July 2022 with rent increases. Short Term rental is allowed for one of the three units provided the property owner lives in one of the units. Under the previous ownership, this house was rented on Airbnb and VRBO and demonstrated strong rent history from short term rentals. The spacious driveway offers four off street parking spaces, some in tandem. 70 Nassau is a three unit multifamily property in the up and coming Eastside neighborhood in downtown Charleston. Several landmarks, are located near this property, making it a great location for locals and visitors. Unit A has three bedrooms and two baths, Unit B and C have one bedroom and one bath each. Currently all units are rented to long term tenants with renewals being executed for August 2021 to July 2022 with rent increases. Short Term rental is allowed for one of the three units provided the property owner lives in one of the units. Under the previous ownership, this house was rented on Airbnb and VRBO and demonstrated strong rent history from short term rentals. The spacious driveway offers four off street parking spaces, some in tandem. Several items have been upgraded in the last twelve months, this includes a new metal roof and exterior paint and for all three units, a new HVAC unit for unit A, New water heater for unit B, new dishwasher for unit A,, and new exterior paint in unit B. Unit A had a new HVAC system installed in the last 12 months. Unit A- 1540 sq ft, 3 bd/2bth, monthly rent $3,400 (to be increased to $3,600/month n August 1st, 2021) Unit B- 600 sq ft, 1bd /1bth, monthly rent $1,600 (To be signed on or before closing). Unit C- 644 sq ft, 1bd/1bth, monthly rent $1,350 (to be increased to $1,600/month n August 1st, 2021). Utilities are metered separately and paid by tenants. Insurance is $7,700 / year. 2020 property taxes- $6,554.58.

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Listing courtesy of Dunes Properties Of Chas Inc.