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Multifamily

53 Columbus Street

53 Columbus St, Charleston, SC 29403

Listing Price: $800,000

Cap Rate
3.58%
Occupancy
100.0%

Investment Overview

Marcus and Millichap are pleased to present 53 Columbus St. in Downtown Charleston, SC. The subject property is a duplex consisting of 2 bedrooms 1 Bathroom units, 1,831 Sq and the total lot is .09 Acres. The property was renovated in 2020 and has new leases at $2,000 a unit. Located on the Eastside of downtown off of East Bay St. this property gives tenants a great location for walking to Upper King St., College of Charleston, or MUSC. The subject property is also located across the street from the Cigar Factor which has coffee shops, restaurants, fitness center, barber shop, nail solon, and more. In the future an owner could also, live in one unit and use the other unit as a short-term rental. The Eastside has seen a great deal of new development and we expect rents to increase 3% annually.

Investment Highlights

  • Premier Location Off East Bay Street on the Peninsula, Across From the Cigar Factory
  • Recently Renovated & Refurbished Historic Property
  • Leases Signed Post-Renovation Substantially Above Neighboring Properties at $2,000/Unit

Exclusively Listed By

Listing Price: $800,000

Cap Rate
3.58%
Occupancy
100.0%

Investment Highlights

  • Premier Location Off East Bay Street on the Peninsula, Across From the Cigar Factory
  • Recently Renovated & Refurbished Historic Property
  • Leases Signed Post-Renovation Substantially Above Neighboring Properties at $2,000/Unit

Investment Overview

Marcus and Millichap are pleased to present 53 Columbus St. in Downtown Charleston, SC. The subject property is a duplex consisting of 2 bedrooms 1 Bathroom units, 1,831 Sq and the total lot is .09 Acres. The property was renovated in 2020 and has new leases at $2,000 a unit. Located on the Eastside of downtown off of East Bay St. this property gives tenants a great location for walking to Upper King St., College of Charleston, or MUSC. The subject property is also located across the street from the Cigar Factor which has coffee shops, restaurants, fitness center, barber shop, nail solon, and more. In the future an owner could also, live in one unit and use the other unit as a short-term rental. The Eastside has seen a great deal of new development and we expect rents to increase 3% annually.

Exclusively Listed By

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