6 Unit 17 Bedroom Short-Term Rental Property In Elliotborough Downtown

Multi-Family for Sale
Catylist Listing ID: 30582422
Property Subtypes: Duplex/Fourplex
Number of Units: 6 Units
Building Size (RSF): 6,416 SF
Gross Building Area: See Agent
Sale Price: $4,250,000
Unit Price: $708,333.33 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: 6.0%
Last Updated: 9/26/2020

Overview / Comments

Stunning, Historic 6 unit turn key short-term rental property located in the heart of Cannonborough-Elliotborough. This beautiful 6,400 square foot STR property is fully permitted/operational with 6 units and a total of 17 bedrooms and 12 full bathrooms with 5-3 bedroom/2 bath units & 1-2 bedroom/2 bath unit. All of the units have been professionally & tastefully decorated and the building is being sold fully-furnished to include all appliances, fixtures, and furnishings. The structure was renovated from the studs out in 2017 and features all new HVAC, framing, plumbing, electrical, flooring, and commercial sprinkler system. Professional management is currently in place and the property consistently receives 5-star reviews. Anticipated gross income for 2021 is $420k+. Additional income/expense info. is available by request. The property is within short walking/biking distance to MUSC and numerous shopping and dining destinations in Cannonborough-Elliotborough and on Upper King Street.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 51 - Peninsula Chas. inside of crosstown
Tax ID/APN: 460-11-04-069
Property Condition: Excellent
Number of Stories: 3
Year Built: 1900
Year Renovated: 2017
Construction/Siding: Wood Siding
Parking Type: Surface
Parking Description: Off-street parking on-site.
Laundry: In Each Unit
Sprinklers: Wet
Heat Source: Central, Heat Pump
Fuel: Gas, Electric
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: 27,073 57,832 136,268
Median Age: 27.67 34.23 36.29
Households: 10,368 24,554 56,862

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