71 Hanover Street

Marcus and Millichap is pleased to present 71 Hanover St. which is a 71 Hanover St is a duplex located in Downtown Charleston, SC 29403. Built in 1895, this property features 4 bedrooms, 2 bathrooms, 4,500 sq ft lot, and 2,226 sq ft of living space. Also, there is a detached garage on the back of the property that could be converted into a studio apartment or storage. This property is located on the East-side of the Peninsula which has seen high historical appreciation rate. This property gives investors the opportunity to renovate the current duplex, garage, and storage room. This location is considered to be the revitalization area of downtown and there are already three newly developed houses/duplex on this block alone. One block over there is a 14 houses development underway between Hanover St. and Nassau St. There are also 3, 4-star apartment complexes being developed just a block away on Meeting Street. These proprieties are all to be delivered by late 2020 or 2021. The city is also currently renovating Dr. Martin Luther King Jr. recreation center and putting a full indoor swimming pool for year around swimming activity just 3 blocks away. Also, this is located in the AirB&B and VRBO overlay giving the future investor the opportunity to take advantage of the proximity to Schools and Restaurants, Nightlife. Located within walking distance to Upper King, Marion Square, College of Charleston, The Medical University of Charleston, and Charleston School of Law.