Turn-Key, Renovated Short-Term Rental Cottage Downtown

Hospitality for Sale
Catylist Listing ID: 30631258
Property Subtypes: Vacation Rental(s)
Number of Units: 1 Units
Building Size (RSF): 1,147 SF
Gross Building Area: See Agent
Sale Price: $649,000
Unit Price: $649,000 Per Unit
Property Use Type: Investment, Business
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: 6.5%
Last Updated: 7/15/2020

Overview / Comments

Beautifully renovated cottage located in the heart of Elliotborough (Short-Term Rental Overlay). This stunning SHORT-TERM RENTAL ELIGIBLE property zoned General Business with $50k+ annual income potential is located just steps from Upper King St. and is being sold fully furnished. The property is turn-key with all permits, licenses, and professional management in place for continued use as a short-term rental/investment property, second home, office, or primary residence. Recent renovations include a new roof, HVAC system, tankless water heater, quartz countertops, stainless steel kitchen appliances, and updated bathrooms. There is an off-street parking space on-site and the property is located in an X flood zone & does not require flood insurance. Income/expense information available for review by request.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 51 - Peninsula Chas. inside of crosstown
Tax ID/APN: 460-08-02-074
Zoning: GB - General Business
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 1900
Heat Type: Electricity
Heat Source: Heat Pump
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 21,096 58,634 141,845
Median Age: 28.21 34.35 36.2
Households: 8,492 24,824 59,401

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