48 Bull StreetCharleston, South Carolina SC29401
Amazing opportunities await with this unique 3/4 acre circa 1815 property in downtown historic Charleston. Rarely does a property like this come along in Charleston. Option 1: Purchase for investment purposes. The main historic fully renovated home features 6,000 +/- sq ft and is divided into two luxurious income-producing rental units. Unit A and B have been meticulously renovated with modern finishes while maintaining the historic fabric. 12 foot Heart Pine beamed ceilings and exposed brick walls compliment light filled rooms from three exposures. Marble counter tops, Perrin and Rowe fixtures, Wolf and Sub Zero appliances are just some of the elegant features that blend the modern and historic architecture. Each ~3,000 sq ft unit consists of 3 bedrooms and 3 1/2 baths. Four tankless water heaters and 6 HVAC units keep all occupants comfortable and well served. Unit A is currently rented with an NOI of over $100k/year. Enjoy your front yard from the large porch set back 50 ft from the street. Option 2: Combine the property to its original circa 1815 grandeur and create a one-of-a-kind private compound with a 6 bedroom 6 bath en-suite residence and by incorporating the rear lot. An incredible option to build your own compound, guest house, pool, or whatever you desire to have a private and rare estate steps from King Street. Option 3: Use the rear lot in addition to the main house to develop three to four single family homes. Well known architect Robbie Marty has designed plans that are ready for fine tuning prior to submission to the city. Development plans available upon request. Keep the main house for income or residence and have an option to create a unique enclave of additional homes behind. Centrally located in the middle of the peninsula and within 3 blocks to historic King Street shopping and award winning restaurants. A short stroll to the Marina, MUSC and The Battery all while surrounded by historic homes and churches. Truly something to admire.