89 Columbus Street , A & B

Description

Circa 1895, this charming Victorian duplex offering 2726 square feet is ideally situated in downtown Charleston's vibrant Eastside neighborhood, offering a unique blend of historic character, convenience, and investment potential. All with the rare benefit of off-street parking for FOUR vehicles.Located just steps from some of Charleston's most popular restaurants, cafes, and neighborhood gathering spots along Meeting Street, as well as the renowned dining and shopping of King Street, this home also offers convenient access to the College of Charleston, MUSC, and Trident Tech College.This is a rare opportunity to acquire a fully leased duplex producing over $70,000 in annual rental income, with leases secured through July 31st 2027,providing immediate stability and predictable cash flow. The property has also demonstrated consistent year-over-year rental increases, with strong rental demand and long-term income growth potential. 89 Columbus Street has two units, each with its own layout and preserved historic details throughout, including original pine floors (located beneath carpet in the upstairs Unit B), decorative fireplaces, intricate woodwork and trim, transom windows that fill the space with natural light, a welcoming full front porch, and a private balcony for the upper unit. Improvements include a copper roof replacement in 2016, HVAC system replacement for Unit A in 2017, and Unit B in 2019, updated washer and dryer Unit B in 2022 and enclosed attic space. Currently professionally managed, 89 Columbus Street offers a stabilized property with a strong rental history and long-term appreciation potential in one of Charleston's most dynamic and evolving neighborhoods. Unit A: 2 bedrooms, 1 bathroom -- currently leased at $2,600/month (August 1 2025 - July 31 2026), increasing to $2,650/month with current tenant (August 1 2026 - July 31 2027) Tenants pay utilities Unit B: 3 bedrooms, 2 bathrooms -- currently leased at $3,300/month (August 1 2025 - July 31 2026), increasing to $3,400/month with new tenants (August 1 2026 - July 31 2027) Tenants pay utilities Both units are separately metered for electricity, and all appliances convey, including washer and dryer in each unit.