254 Saint Philip St #A&B Charleston, SC 29403

Listing details for 254 Saint Philip St #A&B, Charleston, SC 29403 : INCOME producing property or convert to a SINGLE FAMILY home (with some alterations) in a great location very near all of the upper King St restaurants, shopping and night life. The location at the end of St Philips is very private with no through traffic. The main part of the building was built in 1852 and is currently being used as a duplex. Both units are creatively designed and desirable, and have heart pine floors The front unit, A, has a double piazza. The back unit, B, enters through a back deck, has an open floor plan, artistic touches and a 2nd floor porch. Both units have central HVAC; additionally unit B has a wood burning stove. The 2 compressors were replaced in 2007. The exterior siding is wood and cement-board siding. Fireplaces currently do not work.It is owner-managed with great tenants who are paying less than market rent. The front 2-bedroom/1 bath unit rents for $1400/month (rental projection is $1500-1750/month). The back 1-bedroom/1 bath unit rents for $950,000 (rental projection is $1100-1250/month). Tenants pay electric. Owner pays water, pest control and termite. Tenants have 1-year leases with 30-day kickout clauses. The property has LIMITED BUSINESS zoning. There is a storage shed in the back yard. There is a very serviceable driveway and the lot is very deep which would allow for, if storage shed was removed, many cars to park in the back yard.