| $149,000 -> $149,000 on 11/13/2020 |
Great investment opportunity in downtown. Opportunity to build 3 attached condominiums. The property is deed restricted for Affordable Housing units. Do your homework but do not confuse Affordable Housing with Section 8 or other subsidized housing. Under the City of Charleston Homeowner Initiative 2020-2021 Income Guidelines a family of 4 can make up to $97,200 a year and qualify for the Affordable Housing program which at today's low interest rates allows for a home to sell above $300,000 (but do your own math). The City of Charleston has also verbally committed to providing buyers of the condominium units down payment funding for that purpose.
In addition, see the attached BAR submission drawings for a very attractive 3 unit condominium that transfer with the property. Multiple very attractive homes have been constructed directly behind the property on Line Street as well as multiple very attractive homes constructed nearby on President Street. This is a great opportunity to build multiple units in a rapidly changing and desirable area of downtown Charleston.
LISTED BY Charleston Real Estate Associates, (843) 901-0930
