High Performing STR units on Peninsula

Multi-Family for Sale
Catylist Listing ID: 30643536
Property Subtypes: Duplex/Fourplex, Mixed Use
Number of Units: 4 Units
Building Size (RSF): 4,796 SF
Gross Building Area: See Agent
Sale Price: $3,499,000
Unit Price: $874,750 Per Unit
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: 6.12%
Vacation Rental Income: Yes
Last Updated: 9/29/2020

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! 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
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
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: 21,916 57,959 138,768
Median Age: 27.48 34.25 36.41
Households: 8,874 24,545 58,092
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