$4,150,000 | N/A beds | N/A full baths | N/A half baths | 8,888 sqft
Charleston, SC 29403
- N/A Beds
- N/A Full Baths
- N/A Half Baths
- 8,888 SqFt
- 1911 Year Built
- 0.11 Acres
- N/A Tax
- $466.92 Price Per SqFt
- 14 days Days On Site
- MLS# 26024065
- Multi Family
- Active
- Approx Time on Market14 days
- AreaHistoric Charleston
- CountyCharleston
- Subdivision City Of Charleston
What's Special
The Foundry at 76 Nassau Street is a rare surviving landmark of Charleston`s 19th-century industrial history, thoughtfully adapted for modern use as a 14-unit multifamily residential property. Today, the property sits at the center of Downtown Charleston`s continued growth, just one block from Meeting Street and within walking distance of Upper King Street. The property consists of two two-bedroom apartments, ten one-bedroom apartments, and two studio apartments, each with one full bathroom. Residents also have access to a shared laundry facility. The Foundry presents a turnkey investment opportunity with 100% occupancy and an exceptional rental history. According to ownership, the property has experienced no vacancies or evictions during their entire ownership period, while average rents have increased approximately 9% annually since 2022. Professional property management is already in place and available to continue managing the property for a new owner. The solid-brick building is relatively simple to operate and maintain and benefits from significant recent capital improvements, including a new roof and new windows installed in 2022. The Foundry apartments are well positioned as an attractive, reasonably priced rental option within the rapidly evolving Upper King Street area. The surrounding district has emerged as one of Downtown Charleston`s most dynamic mixed-use neighborhoods following substantial redevelopment over the past decade. Anchored by Greystar`s global headquarters just one block west and the multi-phase Courier Square redevelopment, the area has added hundreds of new residences along with significant office, retail, hospitality, and public-space investment. That momentum continues today. New high-end senior housing, additional mixed-use development, and the much-anticipated Lowline linear park are advancing nearby, further extending the energy and appeal of Upper King Street toward the property. The combination of a distinctive historic building, established rental performance, walkable downtown location, and substantial surrounding investment makes The Foundry a compelling opportunity to acquire a stabilized multifamily asset in the path of Downtown Charleston`s continued growth. Please note the address ""Apt. B"" is an error in MLS. This is 14 units, not just apartment B.
Agriculture / Farm
Association Fees / Info
Bathroom Info
Building Info
Year Built: 1911
Business Info
Buyer Compensation
Exterior Features
Garage / Parking
Interior Features
Lot Info
Lot Size: 0.11
Lot Size Units: Acres
Acres: 0.11
Lot Sqft: 4791.6
Offer Compensation
Other
Property Info
Property Type: B
Stories: 2
Foundation: Crawl Space
Exterior: Brick
Roof: See Remarks
Property Subtype: No
Building Area Units: Square Feet
Home Warranty: No
Structure Type: Flat, More than 4
Room Info
Sale / Lease Info
Sqft Info
Sqft: 8888
Unit Info
Number of Units Total: 14
Unit: Apt B
Utilities / Hvac
Water Source: Public
Utilities: Charleston Water Service, Dominion Energy
Water Sewer: Public Sewer
Cooling: Window Unit(s)
Cooling: Yes
Waterfront / Water
Directions
The Property Sits At The Northeast Corner Of Nassau And Columbus Streets, In The Historic Hampstead/eastside Neighborhood, One Block East Of Meeting Street.Courtesy of listing office Prospect Real Estate Brokers
No Property History recorded for this listing.
Mortgage Calculator
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The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
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Commercial Sale/Lease:
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