15b+ Kracke Street, Charleston

$3,265,000

0 Beds
0 Baths
11,445 Sqft
.42 Acres
0 Garages

4 OUT OF A SPECTACULAR GROUP OF 5 MULTIFAMILY BUILDINGS BUILT FROM 1890 - 1915. FRAME SIDING. THERE ARE 21 PARKING SPACES FOR THESE 4 UNITS.3 BLOCKS TO MUSC. RETURN ON CAPITALIZATION SHOULD BE APPROXIMATELY 6.%.SQUARE FOOTAGE IS APPROXIMATE. BUYER SHOULD VERIFY.GROSS INCOME SHOULD BE $274,5002 UNITS ARE CURRENTLY VACANT BECAUSE OF RECENT RENOVATION ACTIVITY. REMAINING FOR SALE ARE 3 DUPLEXES AND ONE SIX-PLEX. THERE WERE 4 DUPLEXES BUT THE OWNER SOLD ONE MID-MARCH. HE WILL SELL ANY OF THESE REMAINING BUILDINGS SEPARATELY. CURRENTLY DUPLEX 23 KRACKE IS LISTED SEPARATELY FOR $710,000.THE DUPLEXES WILL ALLOW AN OWNER OCCUPANT TO LIVE IN ONE UNIT AND SHORT-TERM LEASE THE OTHER. THIS WILL RESULT IN A **POSITIVE CASH FLOW*** AFTER ALL EXPENSES AND MORTGAGE PAYMENT OF $1,0

Essential Information
MLS® #19033586
Price$3,265,000
Square Footage11,445
Acres0.42
Year Built1890
Property TypeMulti-Family
StyleOther
StatusActive
Community Information
Address15b+ Kracke Street
CityCharleston
CountyCharleston
StateSC
Zip Code29403
Area

51 - Peninsula Charleston Inside of Crosstown

Interior
# of Stories2
Exterior
ExteriorWood Siding
School Information
ElementaryMemminger
MiddleSimmons Pinckney
HighBurke
Listing Details
OfficeCarolina One Real Estate
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