Spring Street Short Term Rental Duplex

Multi-Family for Sale
Catylist Listing ID: 30347820
Property Subtypes: Duplex/Fourplex
Number of Units: 2 Units
Building Size (RSF): 1,552 SF
Gross Building Area: See Agent
Sale Price: $999,500
Unit Price: $499,750 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 8.0%
Vacation Rental Income: Yes
Last Updated: 5/1/2019

Overview / Comments

Don't miss this opportunity for an income flowing duplex located in the highly desired Short Term Rental overlay! Zoned General Business, this property is perfect for short term rentals. This sale includes 3 off-street parking spaces. Approved Short Term Rental license in hand.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 51 - Peninsula Chas. inside of crosstown
Tax ID/APN: 4601104286
Zoning: GB - General Business
Property Condition: Excellent
Year Built: 1895
Construction/Siding: Wood Siding
Parking Type: Surface
Total Parking Spaces: 3
Laundry: In Each Unit
Zoning Description: Base Zoning Layer: GB - General Business Zoning Overlay Layers: Old City Height Districts - 2.5-3.5 Amusement & Recreation Overlay Short Term Rentals Overlay Old City District
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress
Easements Description: Easement on 169 and 171 Spring Street to allow access to, and parking for, 167 Spring Street.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 26,315 60,900 140,913
Median Age: 27.2 34.92 36.13
Households: 10,021 25,795 59,290
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