Absolute Auction!
Estate Liquidation
September 12, 2008 @ 11:00 AM, Auction
Auction Location: Marriott Courtyard 35 Lockwood Dr., Charleston, SC  29401
Great Rental Income
Great Location
Great Investment Property
Great Time to Buy

10% Buyers Premium
1% Buyers Premium Discount to buyer for pre-auction agreed bid
Buyer's Agents receive FULL Compensation

Two downtown Charleston multi-tenant houses near the cross-town connector. No minimum bid, No
reserve.  Properties WILL sell to the highest bidder!

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Address: 265 Saint Philip St., Charleston SC  29403
Tax Map # 460-04-04-009    MLS # 2824547

This solidly built modified Charleston Single Home is located south of the cross-town on
up-and-coming Saint Philip Street in an area where recent historic renovations are
numerous and have been very lucrative in the past few years.  This home was built in
1852 and was completely renovated for its current use as a mixed residential and rental
property in the mid-1990s.  It is very near the newly planned Midtown Project featuring a
large luxury hotel, and high-end retail and residential development, which will certainly
make upper King and Saint Philip streets the hub of historic rehabilitation and
renovation in years to come.  This would be a perfect time to buy in this area while the
market is adjusting, and allow this great property to cash-flow until the time is right for
major restoration work, and a hefty re-sale price. From period Heart of Pine flooring to
custom cabinet work, this house has plenty of potential.

The houses next door and across the street have already been rehabbed and are
georgous (left).  You are buying in an area that is destined to become "high end".

265 St Philip St.
•        Upstairs 5 bedrooms rented  $110-$135 per week
•        1 common kitchen
•        1 common bathroom
•        Central Heat & Air (split system heat pump unit)
•        Studio Apt 1 BR, bath, fridge & stove & window AC $140 per week
•        Downstairs is 3 bedroom 2 bath kitchen, dining/living room,
washer/dryer connection Central Heat & AC. (split system heat  
pump unit) Currently occupied by property manager.
•        Total current income ($3,350 per month) with a 3 bedroom, 2 bath unit left to rent.

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Address: 6 Woodall Court (also previously numbered as 5 Woodall Court),                     
Charleston, SC  29403
Tax Map Number: 460-07-01-041        MLS # 2824548

This is a terrific cash-flow multi-tenant rental unit with 8 bedrooms, 2 kitchens, 4
bathrooms and 2 washer/dryer facilities for tenants use.  It is conveniently located just
off President Street (near Fishburne) just north of the cross-town connector.  A fantastic
cash flow opportunity!

6 Woodall Ct:
•        8 bedrooms @ $125 to $145 per week per room. ($4,500 per month)
•        2 common kitchens
•        2 common washer/dryer units
•        4 common bathrooms
•        Cable Water Electric is common, at Estimated monthly expense of $500
•        Window AC units and separate heaters for each bedroom
•        Woodall St has a 5-6 year old roof

Click here for a MAPQUEST Map to this property