08 Jun Beautiful New Construction – 22 Bedroom Multi-Family For Sale $2,450,000
Smith’s Alley is the best new redevelopment project in Charleston. Conveniently located near the corner of Meeting & Line Streets across from the new 12 acre Courier Square development. Smith’s Alley is a beautifully renovated 7 unit; 22 bedroom apartment building in the epicenter of Charleston’s most creative food, music, design, & art scene. Complete restoration from top to bottom: all new roof, electrical, plumbing, & HVAC. Beautiful new kitchens, new high-end appliances, new bathrooms, quality fixtures. Parking available for Tenants & tranquil private courtyards for Tenant use: recreation, meditation, alfresco dining, bike storage. Well positioned in the ‘new’ center of the Peninsula. Easy access to I-26, Mt. Pleasant, and steps from the restaurants & nightlife of Upper Meeting Street and King Street.
Easy to lease – Tenants will be drawn to this trend-setting neighborhood with so many available amenities: bike the bridge, take a Yoga class, see a show at Woolfe Street Playhouse, meet friends at The Alley, Rappahannock Oyster Bar, The Commodore, Indaco, & so much more.
Year 1 Rent Income = $185,400. NOI = $154,793 (see the attached Sale Information Packet): 23-25L Sales Packet 2018