Sold
179 Queen Street # 5 Unit: 1, 2, 3, 4, 5
Charleston SC, 29401
$2,185,000
$485.56 per sqft
Sold
10 Beds
4,500 sqft
Residential
Built in 1855
Excellent opportunity to own an income producing multifamily property in one of Charleston's premier neighborhoods, Harleston Village. This large building totals 10 bedrooms and 6 bathrooms across 5 units, and is located just a stone's throw from Colonial Lake, restaurants, coffee shops, shopping, theaters, and all the best of what downtown Charleston has to offer. 179 Queen St is currently a blend of permitted short term, executive, and long term rentals, and will provide its next owner with options to suit whatever their investment needs may be. Property includes a large parking lot with 7+ spaces.Unit 1: 1 BR/ 1 BA
Leased: STR ~$5,500*
Unit 2: 3 BR/ 2 BA
Leased Executive ~$4,600*
Unit 3: 1 BR/ 1 BA
Leased Long Term $2,500
Ends 3/31/23
Unit 4: 3 BR/ 1 BA
Leased Long Term $2,600
Ends 7/29/22
Unit 5: 2 BR/ 1 BA
Leased Long Term $4,500
Ends 12/18/22
*Please note that these figures are approximate and represent the average monthly earnings. STR and Executive rentals are done through Airbnb/ VRBO and are variable from month to month.
2021:
Gross income = $172,306
Expenses = $57,345
NOI = $114,961
Projected 2022 Gross Income: $230,000
22005657
MLSⓇ ID
March 7, 2022
Listed
February 22, 2024
Updated
Map
179 Queen Street # 5 Unit: 1, 2, 3, 4, 5
Charleston SC, 29401
Interior Features
Total Stories
3
Bedrooms
10 Beds
Interior Features
Ceiling Fan(s)
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Heat Pump
Exterior/Building Features
Lot Size
0.5 Acres
Roof
Slate
Sewer
Public Sewer
School Information
High School
Burke
Elementary School
Memminger
Other Property Details
Area Name
51 - Peninsula Charleston Inside of Crosstown
Garage
No
Parking
Other (Use Remarks)
View
No
County
Charleston
Water Source
Public
Pool
No
Buyer Agency Compensation
2.5%
Courtesy of Realty One Group Coastal with Zack Robinson,
Listing Contact:
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Data last updated 8:20 PM UTC, 2/22/2024