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. Year 1 Rent Income = $185,400. NOI = $154,793 (see the attached Sale Information Packet). 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 accessto 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.
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
—
Baths
—
Stories
2
Lot width
30 ft.
Lot depth
114 ft.
Lot size
3,485 Sq. Ft.
Year renovated
1980
Sq. Ft.
989
Year built
1980
Style
Multi-Family (5+ Unit)
County
Charleston County
APN
4590503048
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jan 14, 2023.
DR-2F
OLD CITY DISTRICT
AR
OLD CITY HEIGHTS DISTRICT - 2.5-3
SR CAT 2
Diverse Residential District
The DR districts allow multi-family residential (3 or more) dwellings and one-family attached dwellings as well as single- and two-family dwellings. Density limitations are 6.0, 9.0, 12.0, 19.4, 19.4, 26.4 and 26.4 units per acre respectively. Within the DR-1, DR-1F, DR-2, DR-2F districts, the Board of Zoning Appeals may approve as a special exception, fraternity houses, sorority houses, dormitories, and homes for the elderly.
Zone overlays
Old City District
Amusement and Recreation Services Overlay Zone
Short Term Rental Overlay Zone - Category 2
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Golf related
Feb 28, 2023 • Final
Mechanical - commercial - alteration or addition
Replace heating and air conditioning equipment with a new unit of the same capacity.
HVAC
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Interior
Financial Information
Number Of Units Total: 7
Multi-Unit Information
Number Of Units Total: 7
Exterior
Property Type
Residential Income
Property Information
Property Type: Residential Income
Building Information
Entry Location: Ground Level
Structure Type: More than 4
Subdivision Information
Subdivision Name: None
Financial
Tax Information
Tax District: 71 - City of Charleston
Tax Legal Description: TMS 459-05-03-048 and 459-05-03-047
Tax Map Number: 4590503048047
Location
School Information
Elementary School: Mitchell
Middle Or Junior School: Simmons Pinckney
High School: Burke
Neighborhood Information
Subdivision Name: None
MLS Area Major: 51 - Peninsula Charleston Inside of Crosstown
Public facts
Beds: —
Baths: —
Sq. Ft.: 989
Stories: 2.0
Lot Size: 3,485 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1980
Year Renovated: 1980
County: Charleston County
APN: 4590503048
Home facts updated by county records on Jan 14, 2023