This Charleston property presents a compelling opportunity for investors, renovators, or buyers seeking an affordable entry point into homeownership with significant upside potential. Built in 1930, this 3-bedroom, 1-bath single-family home offers 928 square feet of interior living space, all on one level, making it a manageable yet versatile renovation project. Currently boarded up and in need of substantial updates, the home is priced to reflect its condition and represents a true value-add opportunity in an established Charleston neighborhood.
At a price per square foot of approximately $10, this property stands out as an exceptional prospect for those who understand the power of renovation and long-term investment. Whether your goal is to restore the home as a primary residence, reposition it as a rental property, or renovate and resell, this home provides a strong foundation for improvement and equity growth.
Property Overview and Layout
The home features a simple, functional floor plan with three bedrooms and one full bathroom, all situated on a single level. This layout is highly desirable for a wide range of occupants, including small families, seniors, or tenants seeking easy accessibility without stairs. The interior includes carpeted flooring throughout, which may be removed or replaced during renovation to reveal or install updated surfaces that better align with modern preferences.
With 928 square feet of finished above-ground living area, the home is efficiently sized, allowing for cost-effective renovations while still offering enough space for comfortable daily living. The structure lends itself well to redesigns that can open up common areas, improve natural light, and modernize the overall flow of the home.
Condition and Renovation Potential
This property currently has no heating or cooling systems in place, and the home is boarded up, indicating that it will require comprehensive repairs and updates. However, for experienced investors or motivated buyers, this condition offers a blank slate. Rather than paying a premium for cosmetic updates you may not want, you have the freedom to design and renovate the home exactly to your specifications.
Key renovation opportunities include:
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Installation of a new heating and cooling system
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Electrical and plumbing updates as needed
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Replacement of flooring, drywall, and interior finishes
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Kitchen and bathroom modernization
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Exterior improvements to enhance curb appeal
The home is constructed with vinyl siding, a block foundation, and a shingle roof, providing a solid structural starting point for renovation. With thoughtful improvements, this property could be transformed into a comfortable, modern residence or a high-demand rental.
Lot and Exterior Features
The property sits on a 6,098.4-square-foot lot, offering manageable outdoor space that can be enhanced with landscaping, outdoor seating, or a small garden. While there is no garage, the lot size allows for creative solutions such as off-street parking, a parking pad, or storage options depending on local regulations.
The single-level design and compact lot make exterior maintenance straightforward and cost-efficient—an appealing feature for both homeowners and landlords looking to minimize ongoing expenses.
Location Advantages: Charleston
Located in Charleston, this home benefits from being in a city with consistent housing demand, access to employment centers, schools, healthcare, and shopping. Properties in established neighborhoods often retain value better and experience stronger demand after renovation compared to more remote areas.
Charleston’s mix of historic charm and modern amenities creates an attractive environment for renters and buyers alike. A renovated 3-bedroom home in this market can appeal to:
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Families seeking affordable housing
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Professionals looking for proximity to work and city amenities
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Investors targeting long-term rental income
The location supports both short-term and long-term investment strategies, making this property adaptable to different goals.
Financial Considerations and Value Proposition
From a financial perspective, this property is especially compelling. With a tax assessed value of $41,700 and an annual tax amount of $1,659, the holding costs remain relatively reasonable given the potential upside. The low price per square foot provides ample room to invest in renovations while still maintaining a favorable margin for appreciation or rental cash flow.
This property is ideal for:
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Fix-and-flip investors seeking to renovate and resell at market value
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Buy-and-hold investors looking to create a stable rental after improvements
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Owner-occupants willing to renovate over time and build equity
Because the home will require significant work, it is best suited for cash buyers or renovation loan strategies, allowing the buyer to address repairs efficiently.
Rental and Resale Potential
Once renovated, a 3-bedroom, 1-bath home in Charleston can be highly attractive in the rental market. Three-bedroom properties often command stronger rents than smaller units, and single-level homes appeal to a broad tenant base. With updated systems, finishes, and curb appeal, this home could become a reliable income-producing asset.
For resale, renovated homes in established neighborhoods frequently attract buyers looking for move-in-ready properties without the hassle of renovation. By addressing major systems and presenting a modern, clean interior, the value of this home can increase substantially from its current condition.
Why This Property Stands Out
What truly sets this property apart is the combination of:
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Extremely low price per square foot
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Established Charleston location
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Simple, single-level layout
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Strong renovation and equity potential
While many buyers shy away from boarded-up homes, experienced investors understand that these properties often offer the greatest opportunities. The current condition allows for maximum customization and value creation.
Important Buyer Notes
Buyers should conduct full due diligence, including inspections and cost estimates, to understand the scope of required repairs. The absence of heating and cooling systems and the boarded-up condition mean this property will need comprehensive work before occupancy. However, for the right buyer, these challenges are outweighed by the potential rewards.
Conclusion
This 3-bedroom, 1-bath Charleston home represents a rare opportunity to acquire property at an exceptionally low entry point and transform it into a valuable asset. With 928 square feet of living space, a manageable lot, and a location that supports long-term demand, the foundation for success is already in place.
Whether you are an investor seeking your next renovation project or a buyer looking to build equity through improvement, this property offers the chance to turn vision and effort into lasting value. With the right plan and execution, this boarded-up house can be reborn as a desirable home or a dependable income-producing property in the heart of Charleston.
Listed on Zillow