Unique Three Parcel Property Downtown

22 Gadsden Street

$2,450,000

Key Details

  • Price: $2,450,000
  • Beds: 7
  • Full Baths: 5
  • Half Baths: 1
  • SqFt: 4,425
  • Acreage: 0.41
  • DoM: 152 days
  • Listed: 11/28/2016

Full Features

  • Type: Single Family Detached
  • Garage: No
  • Off-Street Parking: Yes
  • Exterior: Brick - Veneer, Wood Siding
  • Interior: Ceilings - 9'+, Window Treatments - All, Walk-In Closets
  • Lot: 0 - .5 Acre
  • Roof: Metal, Other (Use Remarks)
  • Stories: 2 Stories
  • Year Built: 1880
  • New Construction: No

What We Love

There is no other comparable property left in Charleston waiting for someone's personal touches - a very rare opportunity!

- Lyles Geer

Description

This one-of-a-kind property set in Charleston's historic Harleston Village spans across three separate parcels comprising 0.41 acres. It includes a recently renovated Charleston Single front house at 22 Gadsden Street and an enormous double-lot duplex at the property's rear. A painstaking top-to-bottom renovation was just completed at the circa-1880 front house, originally intended to be part of plans for an expansive compound that included future development of the rear. Now the property is just waiting for a new owner to take advantage of this rare opportunity. Options for the duplex include renting it out for cash flow, demolition with spec home development, continuing it as a private estate project, and many other lucrative possibilities!Contracting company Renew Urban and a San Francisco-based designer handled the meticulous front house renovation and stylish aesthetic enhancements, from comprehensive custom lighting to the unique selection of paint colors. This two-bedroom, two-and-a-half-bath, 1,916 square-foot home boasts an elegant and relaxed design that includes a beautiful open kitchen-living space and a master suite with an oversized bathroom and walk-in closet. The updated kitchen includes a new sink, faucet, finishes, Brazilian stone matte countertops, and a custom crafted mobile island. All bathrooms have new countertops, finishes, mirrors, and lighting. Reclaimed historic heart pine boards were installed in the ground floor addition to match the existing antique floors. Many other historic details can be found throughout the house including the original marble fireplace surround on the first floor. The house was pre-wired for digital connections in the living room, kitchen, and master bedroom to allow for modern television and audio equipment. Spray foam insulation was installed in the attic and crawl space, as well as two new state-of-the art, commercial-grade HVAC systems to improve energy efficiency and keep the house air tight. Every wall, door, window, and cabinet on the interior and exterior have been repainted. Outside off the den is a charming private garden, perfect for grilling out or enjoying a glass of wine with friends. Newly installed lush evergreen landscaping with irrigation and gas copper lighting surrounds the main house. There is also plenty of available storage in the garden shed for bikes and tools. Off the garden is a dedicated cobblestone driveway for easy access into the house. In the rear, the 1962 brick duplex rests on two individual 0.16 acre lots, totaling 0.32 acres. An access easement exists along the front house driveway into the duplex property for continuous access. Unit B has three bedrooms and two bathrooms and is 1,598 square feet. Unit C has two bedrooms and one bathroom and is 918 square feet. In rent last year, Unit B received $2,100/month and Unit C received $1,400/month, totaling $3,500/month. These rents could easily be raised with minor cosmetic improvements. Duplex to be sold as-is. Interpretation of current zoning allows for one individual single family residence to be built on each lot (equaling two homes total), should the next owner decide to decide to demolish the duplex and build two spec homes. Many other lucrative development schemes could be achieved should the next owner get property successfully rezoned. This is a property you must see for yourself to fully grasp the vast amount of potential for either a developer or individual buyer!

Highlights

Rare Investment Opportunity

This one-of-a-kind property in historic Harleston Village spans across three separate parcels comprising 0.41 acres. It includes a recently renovated Charleston Single front house and an enormous double-lot duplex at the property's rear.

Renovated Charleston Single House

The front house underwent a meticulous renovation and stylish aesthetic enhancements, from comprehensive custom lighting to the unique selection of paint colors.

Private Garden and Off-Street Parking

Outside off the den is a charming private garden framed by the newly installed lush evergreen landscaping with irrigation and gas copper lighting that surrounds the main house.

Double-Lot Duplex

In the rear, the 1962 brick duplex rests on two individual 0.16 acre lots, totaling 0.32 acres. Both units have a strong rental history totaling $3,500/month in the last year.

Location

Schools

Elementary: 2 Memminger
Middle School: ? Simmons Pinckney
High School: 2 Burke

Ratings are out of 10. Provided by Greatschools.net.
Disclaimer

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Listed by: William Means Real Estate, LLC       MLS Disclaimer

Greatschools.net Disclaimer

greatschools GreatSchools Ratings for South Carolina are based on the Standards of Learning (SOL) End-of-Grade reading, writing, math, science and history/social science results and the End-of-Course reading, writing, algebra I, algebra II, geometry, biology, chemistry, earth science, world geography, Virginia and United States history, world history I and world history II results. Grade 8 history/social science results were not included due to incomplete reporting by the state. GreatSchools compared the test results for each grade and subject across all Virginia schools and divided them into 1 through 10 ratings (10 is the best). Please note, private schools are not required to release test results, so ratings are available only for public schools. GreatSchools Ratings cannot be compared across states, because of differences in the states' standardized testing programs. Keep in mind that when comparing schools using GreatSchools Ratings it's important to factor in other information, including the quality of each school's teachers, the school culture, special programs, etc.

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MLS Disclaimer

The data relating to real estate for sale on our web site comes in part from the Broker Reciprocitysm Program of the Charleston Trident Multiple Listing Service. Listings held by brokerage firms other than William Means, are marked with the Broker Reciprocitysm logo or the Broker Reciprocitysm thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. INFORMATION DEEMED RELIABLE BUT NOT GUARANTEED. Copyright Charleston Trident Multiple Listing Service, Inc. All rights reserved.

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