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.

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

View FullscreenMap

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
© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither South Carolina Statewide Commercial MLS nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.