380 Sumter Street, Charleston, SC 29403

Property Description

Situated in Charleston's desirable West Side neighborhood on a quiet residential street is 380 Sumter, a historic and deceptively spacious four-unit property comprising two separate historic houses with two units each. The front cottage features a welcoming front porch overlooking the front garden with a brick border fence that was constructed by longtime resident Mary Wigg in 1945. Apartment A in the front cottage, which was constructed circa 1930, boasts a spacious sitting room featuring original heart pine floors, shiplap paneled millwork and a large picture window overlooking the sunny front garden, plus a custom kitchen, laundry closet, and a large bedroom and bathroom with wainscot paneling and traditional five panel Arts and Crafts style doors. Also in the front cottage andaccessed by a separate rear entrance, unit B is a spacious house unto itself, with a full kitchen with stone-topped island and new appliances and cabinetry, a living room with shiplap paneling, a full bathroom, laundry room, and two well-lit bedrooms with wainscot paneling and generous closet space. The rear cottage was constructed circa 1935 and is much more spacious than modern Accessory Dwelling Unit zoning would allow on a residential lot, making 380 Sumter Street an ideal income generating property that also boasts historic character. The cottage has board and batten Craftsman siding, new low-maintenance windows, and a deck space that provides outdoor seating between the two houses. Unit C has a beautiful living room with high ceilings, original oak floors, and exposed historic rafters, and a brick fireplace; a full kitchen with washer and dryer; and full bedroom and a large bathroom. Unit D has an open floor plan kitchen and living room with a large island, full bathroom, primary bedroom with ensuite bathroom, and a second room that makes the ideal guest bedroom or home office. Leases renewed for 2024. income apartment A $1600 lease expires 08/31/2024 apartment B $2150.00 with 90 day kick out clause lease exp 07/31/2024 apartment C $1350.00 lease expires 07/31/2024 apartment D $1475.00 lease expires 03/31/2024 expenses property insurance $4,850 property tax $5,096.00 Utilities $2,518.00 Repairs $3,044.00 Landscaping 720.00 Pest $500.00. Check current market rents for 1 and 2 bedroom units downtown