Spring Street Short Term Rental Quadplex & Carriage House

Multi-Family for Sale
Catylist Listing ID: 30348521
Property Subtypes: Duplex/Fourplex
Number of Units: 5 Units
Building Size (RSF): 3,658 SF
Gross Building Area: See Agent
Sale Price: $2,395,000
Unit Price: $479,000 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 8.0%
Vacation Rental Income: Yes
Last Updated: 3/19/2019

Overview / Comments

This is an incredible Short Term Rental property located within the highly desired STR overlay. Zoned General Business and currently operating as STR's these units are cash-flowing and in high demand. This sale includes 5 units: a quadraplex and a detached carriage house encompassing 9 bedrooms & 5.5 baths. The property is fully protected with fire sprinklers & fire alarms in both structures. This sale includes 4 onsite parking spaces & 3 leased spaces. Approved Short Term Rental license in hand.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 51 - Peninsula Chas. inside of crosstown
Tax ID/APN: 4601104094
Zoning: GB - General Business
Property Condition: Excellent
Year Built: 1910
Construction/Siding: Wood Siding
Parking Type: Surface
Total Parking Spaces: 7
Zoning Description: Base Zoning Layer GB - General Business Zoning Overlay Layers Old City Height Districts - 2.5-3.5 Amusement & Recreation Overlay Short Term Rentals Overlay Old City District
In Flood Plain?: Yes
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress
Easements Description: Easement on 169 and 171 Spring to allow access to, and parking for, 165 Spring Street.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 26,315 59,470 141,625
Median Age: 27.2 34.62 36.16
Households: 10,021 25,167 59,585
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