High Performing STR units on Peninsula
Multi-Family
for Sale
Sale Pending/Contingent
| Catylist Listing ID: |
30643536 |
| Property Subtypes: |
Duplex/Fourplex, Mixed Use
|
| Status: |
Pending/Contingent |
| Number of Units: |
4 Units |
| Building Size (RSF): |
4,796 SF |
| Gross Building Area: |
See Agent |
| Sale Price: |
$3,399,000 |
| Unit Price: |
$849,750 Per Unit |
| Property Use Type: |
Net Leased Investment (NNN), Investment |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
6.39% |
| Vacation Rental Income: |
Yes |
| Last Updated: |
3/25/2021 |
Overview / Comments
Portfolio of two identical properties (47, 47.5 Spring) which are legally zoned and permitted for Short Term Rentals. Renovated in 2019, these beautiful buildings each have a commercial space on the first floor and a 3 bed 2.5 bathroom STR available on the second and third floor. These are some of the highest performing properties on the Peninsula with double digit gains annually! With private off street parking for 7 cars, short term rental furniture included in the sale, and only a block from King Street, this is an investor's dream! 49 Spring may be purchased as well, $4,799,000 for all three. Properties may also be purchased individually for $1,699,000 each. Bedroom Layout as follows: King in Master, Queen in bedroom adjacent Master, Queen and bunk bed with two singles that adults can comfortably use, Queen Pullout Couch on 3rd floor. Interior images are of 47.5 Spring, both buildings are identical.
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Additional Details
| Nearest MSA: |
Charleston-North Charleston |
| County: |
Charleston |
| Submarket/Township: |
51 - Peninsula Chas. inside of crosstown |
| Tax ID/APN: |
4600804114, 4600804115 4600804116, 4600804117 |
| Zoning: |
GB - General Business |
| Property Located Between: |
Spring Street and St. Phillip Street |
| Total Number of Buildings: |
2 |
| Property Condition: |
Excellent |
| Number of Stories: |
3 |
| Year Built: |
2007 |
| Year Renovated: |
2019 |
| Parking Type: |
Surface |
| Parking Description: |
Off street parking |
| Total Parking Spaces: |
7 |
| Sprinklers: |
Wet |
| Heat Source: |
Heat Pump |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
26,753 |
58,416 |
136,268 |
| Median Age: |
27.38 |
34.33 |
36.29 |
| Households: |
10,228 |
24,794 |
56,862 |
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