774 Rutledge AveCharleston, SC 29403

Property Details for 774 Rutledge Ave

Year built

1927

Lot size

0.21 AC

Property size (Sq ft)

3,983 SF

Property type

Residential income homes

Property subtype

Dormitories

Description

This exceptional Charleston, South Carolina investment opportunity presents a fully entitled four-unit multifamily property situated on a 0.21-acre lot. The property includes a charming, renovated 1,200 sq ft, 2-bedroom, 1-bathroom cottage currently rented month-to-month, boasting high-end finishes. Plans are in place for the construction of three additional 917 sq ft units, each featuring two bedrooms and two bathrooms—ideally suited for medical professionals, students, or travelers. With a total of 3,983 square feet, the property offers eight bedrooms and four bathrooms across four buildings, providing ample space and potential rental income. The property's prime location offers convenient access to the hospital district, local restaurants, cafes, dog parks, and recreational areas. Permits are ready for immediate commencement of construction on the three additional units. The property is zoned residential and offers two parking spaces per unit. Built in 1927 (first building), with renovations completed in 2021, this value-add investment is priced at $1,200,000, or $300,000 per unit, representing a compelling price per square foot of $301.28. This fee-simple ownership opportunity is perfect for investors seeking a strong return in a desirable Charleston location.

Location Insight

City

Charleston

County

Charleston

State

South Carolina

Latitude

32.8048

Longitude

-79.9539

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