112 Rutledge Avenue, Charleston, South Carolina, United States, 29401

2,795,000
for Sale
1,742.4

About the property:

112 Rutledge Avenue presents a rare opportunity to acquire a beautifully renovated, mixed-use investment property in the heart of Harleston Village. Positioned in one of Charleston's most sought-after neighborhoods, this asset offers a strong blend of stable income and future upside. The ground-floor medical office space is secured by a long-term lease through December 2029 at attractive market rates, providing consistent and reliable cash flow. Above, the second and third floors feature three residential units totaling nine bedrooms and four bathrooms. The residential component is nearly fully leased, with one recently renovated unit (Unit D) currently available--ideal for an owner-occupant or to be leased at market rates to further enhance income. There are ten (10) dedicated parking spa112 Rutledge Avenue presents a rare opportunity to acquire a beautifully renovated, mixed-use investment property in the heart of Harleston Village. Positioned in one of Charleston's most sought-after neighborhoods, this asset offers a strong blend of stable income and future upside. The ground-floor medical office space is secured by a long-term lease through December 2029 at attractive market rates, providing consistent and reliable cash flow. Above, the second and third floors feature three residential units totaling nine bedrooms and four bathrooms. The residential component is nearly fully leased, with one recently renovated unit (Unit D) currently available--ideal for an owner-occupant or to be leased at market rates to further enhance income. There are ten (10) dedicated parking spaces, a highly desirable amenity in this area. Six spaces are leased to the medical office tenant, while the remaining four are allocated to the residential units, generating additional rental income. Excellent Downtown Charleston location in the Historic District and adjacent to the hospital district, walking distance to the College of Charleston, Medical University of South Carolina and many retail sites. With recent renovations, strong in-place income, and the flexibility of a vacant unit, 112 Rutledge Avenue offers investors a compelling, turnkey opportunity in a premier location. TMS #: 457-03-02-120, 457-03-02-162, 457-03-02-163, 457-03-02-165, 457-03-02-165.
Property Type:
Residential Income
Status:
for Sale
House Style:
Single Family Detached
Acres:
0.04
Square Feet:
6873
Area:
51 - Peninsula Charleston Inside of Crosstown
Subdivision:
Harleston Village
Water:
Public
Heating:
Electric
Interior Features:
Ceiling Fan(s)
Sewer:
Public Sewer
Directions:
Located Right Off Of Calhoun Street Downtown Charleston
Association Fee:
0
Is Investment:
Yes
Listing ID:
26016962

Rooms

Dimensions

Brokered by:
Palmetto Commercial Prop, Llc
Presented By:

Bobbie Rose

Real Estate Agent

Keller Williams Realty Charleston/West Ashley