LB Zoned Short Term Rental AND Office/Retail Space A,B,C,D

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30745541
Property Subtypes: Duplex/Fourplex, Mixed Use
Status: Pending
Number of Units: 4 Units
Building Size (RSF): 3,626 SF
Gross Building Area: See Agent
Sale Price: $1,700,000
Unit Price: $425,000 Per Unit
Property Use Type: Business
Building Name: 227 Rutledge Avenue
Sale Terms: Other
Cap Rate: 10.0%
Last Updated: 7/16/2021

Overview / Comments

Here’s an extraordinary opportunity to profit from the exploding short term rental market in downtown Charleston, AND have office/retail space for additional income! This Commercial zoned property, approved for short term rental and 1000 sq ft commercial space fronting Rutledge Avenue at Spring Street is ready for your short term rental, and office or retail business. The property has been remodeled from the studs out, and comes completely furnished and with all appliances for a true turnkey, hit the ground running rental revenue opportunity!

227A Office Space
Around 1000 sq ft of office space fronting Rutledge Avenue with two full kitchens and baths. Past use as office for rental management company, with Limited Business zoning could easily be converted to office, small retail, coffee shop or restaurant.

227B Short Term Rental
Two Bedrooms, One Bath
Queen Bed, Two Twins
Sleeps 4
First Floor Unit
Fully Equipped Kitchen
Washer/Dryer
Shared Outdoor Patio with Gas Grill
This comfortable, two bedroom apartment is perfect for a group of up to four guests. Situated at the corner of Rutledge and Spring, this unit is in an excellent location putting guests within walking distance to many restaurants and a convenient mart. The unit features one off-street parking spot in the shared driveway, a large back patio with a gas grill, and a back porch with a swing.
Upon entering the unit you will find the first bedroom to your right that has two twin beds and a desk. The living room features seating for three, a coffee table, and TV. The dining table accommodates four guests and the kitchen has new stainless steel appliances, granite counter tops, and all the kitchen essentials necessary for a night in. The second bedroom towards the back of the house is slightly larger and has a queen bed, plenty of closet space, and has its own doorway to the full bathroom.

227C Short Term Rental
Three Bedrooms, Two and a Half Baths
One King, Two Queens
Sleeps 6
Gourmet Kitchen
Washer/Dryer
Private Porch with Gas Grill
This beautiful short term rental approved unit in Charleston, SC has been completely renovated and comes with one off-street parking spot in the private driveway. Situated at the corner of Rutledge and Spring, this unit is in an excellent location putting guests within walking distance to many restaurants and a convenient mart.
Upon entering the property, you will follow the hall to the best part of the home, which is a beautifully decorated, spacious communal area. The space lets in plenty of natural light through the windows and two doors that lead to the double porch, featuring plenty of patio furniture, a gas grill, and overlooks the intersection of Rutledge and Spring. The living room has a flat screen TV atop the white marble fireplace and the dining table accommodates four guests. The kitchen is truly remarkable with all new top of the line stainless-steel appliances and a very large island with beautiful marble counter tops offering seating for two at the bar. The main bedroom features a king bed, large walk-in closet, seating area, and a large master bathroom with a steam shower. Walk upstairs and you will find two bedrooms, each with queen beds and a full bathroom.
Unit C also features high ceilings, hardwood floors throughout, and a private, shared patio.

227D Long Term Rental (30 day min stay)
One Bedroom, One Bath
Queen Bed
Sleeps 2
Full Kitchen
Washer/Dryer
Shared Patio with Gas Grill
This beautiful long term rental approved unit in Charleston, SC has been completely renovated and comes with one off-street parking spot in the private driveway. Situated at the corner of Rutledge and Spring, this unit is in an excellent location putting guests within walking distance to many restaurants and a convenient mart.

No artwork conveys, all artwork is owner personal property. Property sells "as is" at this price. See listing agent for details.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 51 - Peninsula Chas. inside of crosstown
Tax ID/APN: 460-11-02-009
Zoning: LB - Limited Business
Property Located Between: Near corner of Rutledge Avenue and Spring Street
Airports: Charleston International Airport
Property Condition: Excellent
Number of Stories: 3
Year Built: 1890
Construction/Siding: Wood Siding
Parking Type: Surface
Heat Type: Electricity
Heat Source: Central, Heat Pump
Internet Access: Cable
Zoning Description: Limited Business
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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