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Location. Flexibility. Income. All in one unbeatable Charleston property. Two Homes, One Lot, Prime Downtown Charleston! An exceptional opportunity in the heart of Historic Downtown Charleston--just one street off King Street. This versatile property offers two fully independent homes on a single lot, totaling 5 bedrooms of rentable and livable space in one of the city's most in-demand locations. Ideal for investors or anyone looking to offset their mortgage with reliable rental income. The front home (4 Bogard), a beautifully preserved circa 1890 Charleston Single, offers 1, 320 square feet, featuring 2 spacious bedrooms, 1 full bath, and a half bath--perfect for long-term tenants or an owner-occupant. Original hardwood floors, tall ceilings, and classic Lowcountry charm are balanced by modern updates, including a renovated kitchen and updated systems. Behind the main house sits a separate 2006-built residence, a fully self-contained income-producing unit with 3 bedrooms and 3 full bathrooms. Designed for flexible use, each bedroom can be rented individually for maximum return, or the home can function as a high-demand rental for a single tenant or group. The upstairs boasts a bright, open-concept kitchen and living space, plus a private rooftop porch ideal for relaxing or entertaining. Potential Income: · Live in one home and rent the other · Rent each bedroom individually for increased monthly income · Long-term rental rates in this area remain strong and stable · Walking distance to MUSC, College of Charleston, and King Streetideal for students, professionals, and traveling nurses Whether you're an investor seeking steady cash flow, a buyer wanting to live downtown while building equity through rental income, or someone looking for a flexible multi-use property in a premium location, this is a rare opportunity that delivers on all fronts.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,095,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $1,676,000 | $1,676,000 | $1,676,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.250% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.368% | 6.385% | 6.223% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $10,048 | $10,319 | $14,143 |
| Total Monthly Payment | $10,173 | $10,444 | $14,268 |
* 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.