160 Spring St - 8 bedrooms in 2 houses - Licensed VRBO

Multi-Family for Sale
Catylist Listing ID: 30569093
Property Subtypes: Duplex/Fourplex, Mixed Use, Student Housing, Other
Number of Units: 2 Units
Building Size (RSF): 4,585 SF
Gross Building Area: See Agent
Gross Land Area: 0.16 Acres
Sale Price: $2,199,000
Unit Price: $1,099,500 Per Unit
Property Use Type: Investment, Business
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Vacation Rental Income: Yes
Last Updated: 10/28/2020

Overview / Comments

Turn-key vacation rental opportunity: fully furnished and equipped, and licensed with the City of Charleston. 6 bedrooms total (sleeps 20).

Two homes on one lot, separated by four off-street parking spaces. Both homes have been well maintained and both have vacation rental licenses with the City of Charleston, providing exceptional opportunity and flexibility for a buyer. For example, a buyer can continue to rent both houses as short term rentals, as the current owners do. Or a buyer can rent the back Carriage House as a short-term rental & live in the front house (or vice versa), covering a significant portion of their ownership expenses with short-term rental income.

Most of the furniture conveys with the sale of the real property.

All existing future VRBO/Airbnb reservations will carry forward to the new owner, if desired. 8 bedrooms total (sleeps 20).

The front Main House is a beautiful historic Charleston Double (3,800 sq ft), built in 1840. This three-story, 6 bedroom, 3 1/2 bath home was completely remodeled in 2008 (new roof, HVAC, plumbing, electrical), and has been regularly updated since then. The Main House boasts hardwood floors, a large fully equipped kitchen, top of the line appliances, a gracious living area, five porches, and a private patio.

The modern 2-bedroom, 1 bath Carriage House (785 sq ft) is directly behind the Main House. Four off-street parking spaces are between the Main House and Carriage House, providing separation and privacy for each house.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 51 - Peninsula Chas. inside of crosstown
Tax ID/APN: 4601102087
Zoning: LB - Limited Business
Total Number of Buildings: 2
Property Condition: Excellent
Year Built: 1840
Year Renovated: 2008
Parking Type: Surface
Parking Description: 4 off street parking stalls between the Main House and the Carriage House
Total Parking Spaces: 4
Zoning Description: LB w/ STR Overlay. These are legal and licensed vacation rentals.
In Flood Plain?: Yes
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress
Easements Description: Perpetual access easement exists over the adjacent alley, providing right of access to the 4 parking spaces
Land Ownership: Fee simple

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 26,753 59,470 141,625
Median Age: 27.38 34.62 36.16
Households: 10,228 25,167 59,585
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