46-50 Queen Street, Charleston, SC, 29401 | $9,745,000

Nestled in the heart of Charleston's Historic District, this remarkable property offers a rare opportunity to own a piece of the city's rich history with 15 residential units (22 beds/22 baths), & 1 commercial unit. The offering consists of (9) 1/1 units, (5) 2/2 units, (1) 3/3 unit & 1 commercial unit. Comprised of 2 historically significant buildings from circa 1799 & 1890, this versatile property includes related outbuildings & 16 off-street parking spaces. With a prime location close to the Mills House Hotel & Waterfront Park, this property boasts picturesque views & unparalleled convenience. The main house at 46 Queen includes (7) updated 1/1 units spanning 4 floors. Charming details such as wide piazzas and exposed brick walls add warmth and character to the space. 48 Queenencompasses the related outbuildings (former kitchen house, stable house, and carriage house) to include (2) 2 bed/2 bath units and (2) 1 bed/1 bath units. 50 Queen features a retail space as well as four residential units, (3) 2 bed/2 bath units, and (1) 3 bed/3 bath unit. 50 Queen also offers updated units with exposed wooden beams and brick details. All buildings have fire sprinklers and both main buildings have high elevations and full basements with poured concrete floors. This historic gem offers endless possibilities for investors or those looking to create a unique residential or commercial space. The combination of its prime location, architectural beauty, and potential for various uses makes it a standout property in Charleston's vibrant real estate market. Building is in the process of a condo conversion, to be completed by the end of the 2025, offering the opportunity to keep as a cash flowing property or sell off units individually for highest & best return!

Features

  • Amenities: Bus Line, Storage
  • Units: 16
  • Laundry: Electric Dryer Hookup, Washer Hookup
  • Development: 51 - Peninsula Charleston Inside of Crosstown
  • Year Built: 1890
  • Heating: Electric
  • Cooling: Central Air
  • Approx Sq. Feet: 13,334
  • Acreage: 0.13
  • Elem. School: Memminger
  • Middle School: Simmons Pinckney
  • High School: Burke
  • MLS#: 24018363
  • Days on Market: 559 days
  • Website: https://www.raveis.com
    /prop/24018363/4650queenstreet_charleston_sc?source=qrflyer
Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.

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The Aquidneck TeamSales Associates

401.640.0807

AquidneckTeam@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

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Brianna TurgeonVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 2104486

860.625.5780

Brianna.Turgeon@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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Allen GellermanInsurance Sales Director, William Raveis Insurance

617.686.2668

Allen.Gellerman@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
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    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

46-50 Queen Street, Charleston, SC, 29401

$9,745,000

The Aquidneck Team

Sales Associates

William Raveis Real Estate

Phone: 401.640.0807

AquidneckTeam@raveis.com

Brianna Turgeon

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 860.625.5780

Brianna.Turgeon@raveis.com

NMLS Mortgage Loan Originator ID 2104486

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $7,796,000 $7,796,000 $7,796,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 5.875% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.165% 6.007% 5.972%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $44,265 $46,116 $64,739
Total Monthly Payment $44,390 $46,241 $64,864

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.