58 Pitt Street

Description

The house is believed to have been built in 1900 and current family has owned it since 1960. The house consist of 3 floors and also has a carriage house. The owner lives in the first floor apartment and rents out the other 3 units. Each unit has its own electrical & water meters with 1 hour fire rated separations. The house could easily be converted back to into a single family dwelling if desired. The property is located across the street from Bethel UMC. The College of Charleston Library is located next door, MUSC is 2 blocks away and Roper Hospital is 5 blocks away. Off street parking for 3 cars in the driveway. The house currently brings in $4000/m in rental income which is under current market rents. The taxes for 2021 were $12,129.27 and insurance ran $7909.72. The 2nd floor leaseexpire 6/30/22 and currently pays $1800/m. 3rd floor lease expires 8/31/22 and currently pays $1200/m. The carriage house lease expires 8/31/22 and currently pays $1000/m. The property is not in a flood zone and owner states it sits 30'' above grade. The house and carriage house were gutted in 1991 to have electrical, plumbing ,HVAC upgrades and the 1 hour fire rated separations installed along with separate electric & water meters for each unit. The house original heart of pines floors were sealed with a commercial moisture cure and look great. The roof was recoated in 2018, exterior was repainted and screens added in 2021. The carriage house stucco replaced & repainted in 2021. Seller will consider owner financing with acceptable offer & terms.