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:  

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Andy Bovender Team shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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