158 Gordon Street

INVESTORS DOWNTOWN CHARLESTON! To be sold, 'AS IS'. Rare opportunity to own a spectacular marsh front duplex in Wagener Terrace Downtown Charleston! This home is on one of the largest lots in the neighborhood with lots of privacy with expansive backyard marsh front and beautiful Grand Oak trees. Great investment opportunity for rental income or remodel as a primary home on the marsh downtown with large lot. Located on a quiet street in the Hampton Park/Wagener Terrace neighborhood a few blocks from Hampton Park, The Citadel, MUSC, downtown Charleston and easy I-26 access. Duplex addresses are 156 and 158 Gordon. Each unit has 3 bedrooms and 1.5 baths. Tenants with lease in place for both units of duplex through July 2022.

Total Current Annual Rent for both units of duplex is $66K/year. Potential for short-term rental/Airbnb for 1 unit if owner lives in other unit to meet City of Charleston short term rental rules. Opportunity to build third unit on large lot with power meter base already approved and installed by City of Charleston. Unit 158 Gordon is solar powered which supplements energy expenses for that unit. Unit 158 has an additional room that can be utilized as a fourth bedroom. Unit 156 has been fully renovated with modern floor plan, excluding bathrooms. Large lot on marsh with paddleboard and kayak access to deep water during high tide. Large lot allows for off street parking for multiple cars and boats. Any quoted square footage, measurements, and average is approximate and not exact or guaranteed. According to the seller, property tax records report inaccurate year built. Seller reports year built as 1969.