165 Rutledge AvenueCharleston, SC 29403Price: $2,200,000

Situated in a prime location adjacent to the Medical University of South Carolina near the corner of Rutledge Avenue and Doughty Street, 165 Rutledge Avenue is a five-unit historic property with very little vacancy. There are five separate metered units, three of which are in the main house and two units are in the rear brick house. The main house has 4,885 square feet and the detached brick house has 1,234 square feet for an approximate total of 6,119 square feet. There are nine bedrooms and eight full baths. The 1800's historic details include a slate roof, ceiling medallions, plaster work, brick fireplaces, old heart pine floors, and large wraparound piazzas. With an income potential supported by location and unit configuration, the property has historically shown strong demand from the surrounding medical and academic community. As an added bonus, there is maneuverable parking on site for eight vehicles. This property offers potential to combine the top three floors (unit A and B) into a primary residence with a ground floor apartment and two smaller detached one-bedroom units in the rear. Zoning is DR 1. Walk to MUSC, College of Charleston, Charleston School of Law and Ashley Hall School, as well as world-renowned restaurants and shopping.