National Restaurant Properties Charleston
Listed by National Restaurant Properties Charleston
$6,750,000
114 St. Philip Street and 25 Warren Street
Details
Property Type Mixed Use, Multifamily
Sub Type Apartment Building
Units 4
Cap Rate 5.17%
NOI $349,000
Tenancy Multi
Pro-Forma Cap Rate 5.17%
Pro-Forma NOI $349,000
Price per SqFt $792
Year Built 1905
Year Renovated 2015
Buildings 2
Acreage 0.110
Zoning LB; Old City Height; AR Overlay
Parking Spaces 11 spaces
Ground Lease No
Mixed Use | 5.17% CAP
Marketing description
A historical opportunity that represents two distinct sources of long-term value with two separate buildings that include multiple income streams and uses.
1. A two story, residential building rented as two separate fully furnished apartment units, on an annual basis.
2. A three story plus loft mixed use building rented as restaurant on the 1st floor, event space on the 2nd floor and a luxury penthouse apartment on the 3rd and 4th floors.
Investment highlights
- Net Operating Income - $349,000.00
- Remodel - 2015
- Lot Size - .11 Acres
- Dual income sources from residential and commercial
- Corner property in one of the hottest markets in the country
- 11 parking spaces on site
- Fully built out restaurant and event space with all infrastructure in place
Listing Contacts
National Restaurant Properties Charleston
Listed by National Restaurant Properties Charleston
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$349,000.00
$29,083.33/mo
Valuation Metrics
0
DSCR
5.17%
Cap Rate
5.17%
ROI
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