| CREOP

Fully Renovated Triplex in historic Radcliffeborough Downtown Charleston SC. Originally built in 1870, featuring a total of 9 bedrooms across 3 units.
Each unit has been meticulously restored to modern standards from the studs up.
The triplex has ample parking (rare) and is conveniently located minutes away from MUSC Medical University, King St, Cannon Park, and the College of Charleston, making it a highly attractive option for generating stable long-term income.
Pro-forma projections show a GOI of $111,900 Annual, $147,192 Midterm, and $140,400 renting bedrooms to students at $1300 per bedroom).

Historic Appeal and Preservation: Downtown Charleston is known for its well-preserved architecture and rich history. This unique characteristic attracts tourists and makes the area highly desirable for residents. Properties in historic districts retain their value and appreciate at higher rates due to their unique features and limited availability.
Strong Tourism Industry: Charleston is a major tourist destination known for its cultural sites, historic significance, and vibrant food scene. The constant flow of tourists allows rental properties, particularly short-term rentals, to generate significant income.
Educational Institutions: The presence of educational institutions like the College of Charleston and the Medical University of South Carolina (MUSC) ensures a steady demand for housing. Properties near these institutions are likely to be in high demand among students, faculty, and staff.
Robust Economy and Job Market: Charleston’s economy is diverse, with strong sectors in technology, aerospace, automotive manufacturing, and the port. A robust job market attracts professionals and their families, increasing the demand for residential properties.
Lifestyle and Amenities: Downtown Charleston offers a high quality of life with access to world-class restaurants, shopping, arts, and cultural activities. This lifestyle appeal makes the area attractive to potential renters and buyers looking for a vibrant urban experience.
Limited Space for Development: The historical nature of Downtown Charleston means that there is limited space for new developments, drives up the value of existing properties due to lower supply and limited space for new development.