Spring Street Short Term Rental Triplex

Multi-Family for Sale
Catylist Listing ID: 30348598
Property Subtypes: Duplex/Fourplex
Number of Units: 3 Units
Building Size (RSF): 3,306 SF
Gross Building Area: See Agent
Sale Price: $1,500,000
Unit Price: $500,000 Per Unit
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/7/2018

Overview / Comments

This is a perfect investment opportunity located within the highly desired Short Term Rental overlay! Zoned Limited Business, this cash-flowing property has 3 units: 4 beds/3 baths upstairs, 1 bed/1 bath downstairs, and a commercial unit. These units are in good shape and would be perfect to convert into short term rentals for high income returns. The commercial unit provides steady income flow with a NNN lease.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 51 - Peninsula Chas. inside of crosstown
Tax ID/APN: 460-11-02-025
Zoning: LB - Limited Business
Year Built: 1975
Zoning Description: Base Zoning Layer LB - Limited 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

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 26,753 57,832 136,268
Median Age: 27.38 34.23 36.29
Households: 10,228 24,554 56,862
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