$5,995,000 | N/A beds | N/A full baths | N/A half baths | 6,513 sqft

$5,995,000 Reduced -$505,000
48 Bull St
Charleston, SC 29401
  • $920.47Price per SqFt
  • 6,513SqFt
  • 197Days on Market
  • N/AZoning
  • N/AYear Built
  • Multi-FamilyUse
  • 4570302028Tax ID
  • MLS# 30794790
  • Commercial Sales
  • Multi-Family
  • Active

  • Approx Time on Market6 months, 13 days
  • AreaHistoric Charleston
  • CountyCharleston
  • SubdivisionN/A

Overview

Amazing opportunities await with this unique 3/4 acre circa 1815 property in downtown historic Charleston. Rarely does a property like this come along in Charleston. Option 1: Purchase for investment purposes. The main historic fully renovated home features 6,000 +/- sq ft and is divided into two luxurious income-producing rental units. Unit A and B have been meticulously renovated with modern finishes while maintaining the historic fabric. 12 foot Heart Pine beamed ceilings and exposed brick walls compliment light filled rooms from three exposures. Marble counter tops, Perrin and Rowe fixtures, Wolf and Sub Zero appliances are just some of the elegant features that blend the modern and historic architecture.Each ~3,000 sq ft unit consists of 3 bedrooms and 3 1/2 baths. Four tankless water heaters and 6 HVAC units keep all occupants comfortable and well served. Unit A is currently rented with an NOI of over $100k/year. Enjoy your front yard from the large porch set back 50 ft from the street.Option 2: Combine the property to its original circa 1815 grandeur and create a one-of-a-kind private compound by incorporating the rear lot. An incredible option to build your own estate, guest house, pool, or whatever you desire to have a private and rare estate steps from King Street. Enjoy your front yard from the large porch set back 50 ft from the street.Option 3: Use the rear lot in addition to the main house to develop three to four single family homes. Well known architect Robbie Marty has designed plans that are ready for fine tuning prior to submission to the city. Development plans available upon request. Keep the main house for income or residence and have an option to create a unique enclave of additional homes behind. Centrally located in the middle of the peninsula and within 3 blocks to historic King Street shopping and award winning restaurants. A short stroll to the Marina, MUSC and The Battery all while surrounded by historic homes and churches. Truly something to admire.


Building Info

Year Built Date:  1,815

Financial

Sale Terms:  Cash to Seller

Sale Price Max Total:  $5,995,000

Sale Price Min Total:  $5,995,000

Lot Info

Acres:  0.00

Misc

Use Type:  Investment

Property Info

Msa:  Charleston-North Charleston

Title:  48 Bull Street

County:  Charleston

Property Subtype:  Duplex/Fourplex

Sale / Lease Info

Sqft Info

Sqft:  6,513

Size Rentable Sf:  6,513

Tax Info

Courtesy of listing office Robertson Howland Properties 

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Price & Status History (on robertsonhowland.com since Wed, Mar 23rd 2022)
  • Original Price: $6,500,000
  • Current Price: $5,995,000
  • Price Reduced: $505,000
Date ChangedFromTo
09/07/2022$6,500,000 $5,995,000 Reduced by $505,000
Residential, Land, Other Disclaimer:

Broker Reciprocity The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Charleston Trident Multiple Listing Service. Real estate listings held by brokerage firms other than Robertson Howland Properties 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. Last updated on 10-06-2022 11:05 PM EST . The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Copyright 2022 Charleston Trident Multiple Listing Service, Inc. All rights reserved.
Commercial Sale/Lease: Copyright 2022 South Carolina commercial MLS, Inc. All rights reserved. Last updated on 10-06-2022 11:05 PM EST est.

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