Prime Peninsula College Rental Building 6 Felix St. Charleston, SC 29401 Phil Rose 843.203.1668 (o) 843.270.3280 (m) [email protected] Twin Rivers Capital, LLC 125 G Wappoo Creek Dr. Charleston, SC 29412 twinriverscap.com Highlights • Price: $999,000 • Gross Income $80,400/year • 5 units, 1 bedroom each • Great location, walking distance to King St., MUSC, College of Charleston and the heart of Charleston • Strong rental history • Possible condo conversion opportunity • Many properties have been renovated in area • 2,680 SF • Brand new copper roof on main building • Seller is in the process of replacing 4 street-side windows • Due to re-mapping, carriage house no longer requires flood insurance
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Prime Peninsula College Rental Building6 Felix St.Charleston, SC 29401
Phil Rose 843.203.1668 (o) 843.270.3280 (m) [email protected] Rivers Capital, LLC 125 G Wappoo Creek Dr. Charleston, SC 29412 twinriverscap.com
Highlights
• Price: $999,000
• Gross Income $80,400/year
• 5 units, 1 bedroom each
• Great location, walking distance to King St., MUSC, College of Charleston and the heart of Charleston
• Strong rental history
• Possible condo conversion opportunity
• Many properties have been renovated in area
• 2,680 SF
• Brand new copper roof on main building
• Seller is in the process of replacing 4 street-side windows
• Due to re-mapping, carriage house no longer requires flood insurance
LOCATOR MAP
Phil Rose 843.203.1668 (o) 843.270.3280 (m) [email protected] Rivers Capital, LLC 125 G Wappoo Creek Dr. Charleston, SC 29412 twinriverscap.com
College of Charleston
Marion Square
Medical University of South Carolina
King Street
SITE
HIGH AERIAL
E. G
reen
ville
St.
(Hwy
81)
27,000 VPD
26,0
00 V
PD
Phil Rose 843.203.1668 (o) 843.270.3280 (m) [email protected] Rivers Capital, LLC 125 G Wappoo Creek Dr. Charleston, SC 29412 twinriverscap.com
College of Charleston
SITE
Medical University of South Carolina
Marion Square
King Street
Charlie’s Grocery
O-Ku
Monza
Closed for Business
Kudu
College of Charleston
Fish
Hall’s Chophouse
Coast
Hotel Bennett
Francis Marion Hotel
PHOTOS
Phil Rose 843.203.1668 (o) 843.270.3280 (m) [email protected] Rivers Capital, LLC 125 G Wappoo Creek Dr. Charleston, SC 29412 twinriverscap.com
FLOORPLANS
Phil Rose 843.203.1668 (o) 843.270.3280 (m) [email protected] Rivers Capital, LLC 125 G Wappoo Creek Dr. Charleston, SC 29412 twinriverscap.com
Unit A Unit B Unit C
Unit EUnit D
PROPERTY INFORMATION
Location HighlightsThis building is in the heart of downtown. The property has been used as college rentals with a great rental history. There is the possibility of a condo conversion. Leases are signed thru 7/18. Great investment for parents with College of Charleston students.
DEMOGRAPHICS 1 Mile 2 Mile 3 MilePopulation 23,385 36,366 49,292Average HHI $53,616 $62,722 $69,205
Phil Rose 843.203.1668 (o) 843.270.3280 (m) [email protected] Rivers Capital, LLC 125 G Wappoo Creek Dr. Charleston, SC 29412 twinriverscap.com
FINANCIALS
6 Felix St., Charleston, SCSales Price: $999,000CAP Rate: 6.503%
Income 5 Units, 1 bedroom each:A: $1,400/moB: $1,400/moC: $1,200/moD: $1,300/moE: $1,400/mo
Income $6,700
SUMMARYGross Income: $80,400Expenses: $15,431
NOI: $64,969
ExpensesTaxes $636.42/month Flood $332.25/monthProperty Insurance $317.25/month
Total Expenses $1,285.92/month
Phil Rose 843.203.1668 (o) 843.270.3280 (m) [email protected] Rivers Capital, LLC 125 G Wappoo Creek Dr. Charleston, SC 29412 twinriverscap.com
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