Molly Ramey Ratchford

Molly Ramey Ratchford Sales Associate, Realtor of Distinction, East Cooper Top Producer

Your Realtor for Life!
(843) 224-6294
$750,000 Price Reduced

Description of 18 Pitt Street, Charleston, SC 29401

Classic Duplex, 3 BR's & 2 BA's per floor, parking for 4 cars +. Incredible Location. Two blocks walk to the center of the CofC campus and CofC Library. Very close to beautiful Colonial Lake Park and King Street. Numerous neighborhood grocery and sandwich shops close by. Surrounded by many well maintained homes. Both Upstairs and Downstairs are rented for $2700 through July. Downstairs tenants are interested in renewing for a year. Sellers plans to lease the downstairs for a year very soon. Sellers will probably leave the top floor vacant at the end of July, so a buyer could have the choice to either occupy, upgrade, or rent it to tenants of their choice. Units always rented, strong rental history, have rarely had a vacancy. Classic Duplex, 3 BR's & 2 BA's per floor, parking for 4 cars +. Incredible Location. Two blocks walk to the center of the CofC campus and CofC Library. Very close to beautiful Colonial Lake Park and King Street. Numerous neighborhood grocery and sandwich shops close by. Surrounded by many well maintained homes. Both Upstairs and Downstairs are rented for $2700 through July. Downstairs tenants are interested in renewing for a year. Sellers plans to lease the downstairs for a year very soon. Sellers will probably leave the top floor unleased at the end of July, so a buyer could have the choice to either occupy, upgrade, or rent it to tenants of their choice. Units always rented, strong rental history, have rarely had a vacancy. Great opportunity to use the property to use one floor for personal use and generate income from the other floor.Meticulously maintained and managed by the same owners for 24 years. Parking for 4+ cars on-site and street parking decals are available. Unique for downtown duplexes, is a large backyard space, with numerous spaces for parking, two separate storage sheds, and a treed area with palm trees and bamboo, would be a nice place for a small garden or outdoor table and chairs. These sheds could potentially be replaced by a nice new storage structure with city approval, due to the established footprint. Exterior and roof in excellent condition, interior in good condition. Exterior improvements performed recently include minor window and siding repair, whole exterior caulked, primed and sealed with Oil based primer, then finished with 2 coats of latex for easy maintenance. One HVAC unit as well as the gas pack, boots and registers were replaced within the last 5/6 years. A Notable Feature: This duplex has a highly desirable roofing system, a reverse clamshell shaped All Metal roof that drains to a solid 6" copper pipe that flows to a deep below ground cistern. This is a much superior system to no gutters, or gutters draining water to the earth surrounding the home, yard and foundation. This premium standing seam metal roof was recently refinished and sealed. Another premium aspect: This area of Pitt Street is some of highest ground elevation on the peninsula, and this property has a base elevation of 13.0 feet, as determined by engineering and flood elevation consultants. An Elevation certificate was done in October 2018 and is available from your Realtor, and this high elevation makes for flood insurance costs that are lower than most other properties. Flood insurance costs on the low end compared to other properties. The interior is in classic college rental condition, could be kept as is, or the kitchens and bathrooms could be upgraded, allowing a substantial increase in rent and cash flow, and increasing the value of the property. Some interior features are 1800's Era Heart Pine Floors and Fireplaces. The interior floor plans work well, with one BR at the front of the house, the 2 others at the rear, and the common living area separating them. Tenants have always loved this arrangement. The laundry area for the first floor is at the rear of the home, could easily be moved inside, the second floor laundry is in suite. The first floor has spilt entrances, allowing the possibility of informally renting out the front, with 1 BR, Kitchen, Bathroom and Living area, and using the back suite with its own entrance, 2 BR's, and a bathroom. There are numerous closets and extra storage areas on both floors. Both units have very large Piazzas (Porches), great for outdoor leisure time and space, with the second floor Piazza running 7 Columns in length from front to back. Both face the South, exposed to the refreshing afternoon Southwest Sea Breezes. Property is safely located within the CofC Protection and Security area, with nighttime patrol. Thank you for considering this premium Charleston Duplex that is in great condition, has a flexible floor plan, opportunity to upgrade the interior, tons of parking or backyard space, and is in a premium location in desirable Harleston Village.

Property Features of 18 Pitt Street, Charleston, SC 29401

HOME STYLE
Charleston Single
TYPE
Single Family Detached
Year Built
1880
Subdivision
Harleston Village
Community
Peninsula Charleston Inside of Crosstown
Stories
2
Acres
.1
Features
Elementary school: Midland Park
Middle school: Courtenay
High school: Burke
Central air
Natural gas heat
Off street parking
Wood exterior
Lot acreage is: 0.10
Subdivision: Harleston Village
Wood floors
Metal roof
Crawlspace

Community View of 18 Pitt Street, Charleston, SC 29401

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