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Type of Auction: Absolute Auction
Address of Auction: Marriott Courtyard, 35 Lockwood Dr., Charleston, SC 29401, Charleston,
SC
Auction Contact Name: Michael B. Harper
Auction Contact Phone: 828-729-4996
Auction Contact Fax: 843-881-8469
Auction Contact Email: mike@harperauctionandrealty.com
Reason for Auction: Estate Liquidation
Auction Highlights: Absolute Auction!
Estate Liquidation
September 12, 2008 @ 11:00 AM, Auction Location: 265 Saint Philip Street
Great Rental Income
Great Location
Great Investment Property
Great Time to Buy
Two downtown Charleston multi-tenant houses near the cross-town connector. No minimum bid, No
reserve. Properties WILL sell to the highest bidder!
10% Buyer's Premium applies
Address: 265 Saint Philip St., Charleston SC 29403
Tax Map # 460-04-04-009 MLS # 2824547
This solidly built modified Charleston Single Home is located south of the cross-town on up-and-coming Saint Philip Street in an area where recent historic renovations are numerous and have been very lucrative in the past few years. This home was built in 1852 and was completely renovated for its current use as a mixed residential and rental property in the mid-1990s. It is very near the newly planned Midtown Project featuring a large luxury hotel, and high-end retail and residential development, which will certainly make upper King and Saint Philip streets the hub of historic rehabilitation and renovation in years to come. This would be a perfect time to buy in this area while the
market is adjusting, and allow this great property to cash-flow until the time is right for major restoration work, and a hefty re-sale price. From period Heart of Pine flooring to custom cabinet work, this house has plenty of potential.
The houses next door and across the street have already been rehabbed and are
georgous (left). You are buying in an area that is destined to become "high end".
265 St Philip St.
• Upstairs 5 bedrooms rented $110-$135 per week
• 1 common kitchen
• 1 common bathroom
• Central Heat & Air (split system heat pump unit)
• Studio Apt 1 BR, bath, fridge & stove & window AC $140 per week
• Downstairs is 3 bedroom 2 bath kitchen, dining/living room,
washer/dryer connection Central Heat & AC. (split system heat
pump unit) Currently occupied by property manager.
• Total current income ($3,350 per month) with a 3 bedroom, 2 bath unit left to rent.
Address: 6 Woodall Court (also previously numbered as 5 Woodall Court),
Charleston, SC 29403
Tax Map Number: 460-07-01-041 MLS # 2824548
This is a terrific cash-flow multi-tenant rental unit with 8 bedrooms, 2 kitchens, 4
bathrooms and 2 washer/dryer facilities for tenants use. It is conveniently located just
off President Street (near Fishburne) just north of the cross-town connector. A fantastic cash flow opportunity!
6 Woodall Ct:
• 8 bedrooms @ $125 to $145 per week per room. ($4,500 per month)
• 2 common kitchens
• 2 common washer/dryer units
• 4 common bathrooms
• Cable Water Electric is common, at Estimated monthly expense of $500
• Window AC units and separate heaters for each bedroom
• Woodall St has a 5-6 year old roof
Inspection: Inspection by appointment. Properties will be open for inspection on August 28, and September 8, 2008 from 10AM - 2PM.
Directions: 265 Saint Phillip is on the last block of Saint Philip St., just north of the Line Street intersection.
6 Woodall Ct. is off President Street just south of the Fishburne St. intersection. Woodall ct is on the left going south, and # 6 is the 4th building on the right.
See web site for Mapquest link
Terms & Conditions: $5,000 deposit required to bid
10% Down Payment Deposit within 24 hours of sale
30 Day non-contingent contract
10% Buyers Premium
Download complete PIP with Terms & Conditions from website.
To view more information about this auction
click here
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This auction is being conducted by:
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Michael B. Harper
Harper Auction & Realty
984 Sea Gull Dr
Mt. Pleasant, SC 29467
Phone: 828-729-4996
Fax: 843-881-8469 |
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