90 Drake St Charleston, SC 29403

Listing details for 90 Drake St, Charleston, SC 29403 : Gorgeous 3-unit rental property in historic Eastside with breathtaking views of the Ravenel bridge. Beautifully renovated main house was built in 1872 and has upstairs and downstairs 3br/2ba units. Master bedrooms of both units contain dual his-and-her closets. Kitchens with stainless steel appliances, granite countertops, and maple cabinets. Original 1870s heart-pine trim/floors carefully restored; walls were fully insulated when renovated. One fireplace is operational, so master bedrooms have functional wood-burning fireplaces. Stunning exposed masonry and charming side porches showcase historic elegance. 1940s back house has 3br/1ba and was completely renovated with new windows. 4 off-street parking places and brick-bed landscaping. Walking distance to downtown and bridge--a real gem!All three units are leased. Unit A is leased for $2350; the lease expires 7/31/2022. Unit B is leased for $2400; the lease expires 7/31/2022. Unit C is leased for $2000; the lease expires 6/30/2022. Insurance is $3789 annually. Taxes are $8901. CAP Rate 5.06% Proforma CAP Rate when units are released 5.50%