Luxury Short Term Rental &1st Floor Retail

Multi-Family for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30507178
Property Subtypes: Duplex/Fourplex, Mixed Use, Other
Number of Units: 2 Units
Building Size (RSF): 2,398 SF
Gross Building Area: See Agent
Sale Price: $1,799,000
Unit Price: $899,500 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment, Business
Building Name: 49 A & B Spring Street
Sale Terms: Cash to Seller
Cap Rate: 6.6%
Vacation Rental Income: Yes
Last Updated: 6/30/2020

Overview / Comments

Properties are the best performing on the peninsula crushing other STR units. Legally zoned, permitted and operating under Short Term Rentals.This is One of Three similar buildings. You have option to purchase one, two or all three buildings.

This building is truly a unique with a mix of STR and Commercial space.
Has 1st floor commercial space of 580 sqft fully leased out.
The 2nd & 3rd floor operates under short term rentals and has 3 bed 2.5 bath 1,818 sqft.

You've got private off-street parking, comfy beds and are a block from King Street, what else could you ask for! Big flat screen TV, high-speed Wi-Fi Internet with a work desk in loft area. Tons of space and your private deck this is truly a unique building. Walking is nice from the home, one block from king street puts you right in the mix of all you want to see and do.

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. Short term rental is being sold with furniture. Interior images are of similar listing/model.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 51 - Peninsula Chas. inside of crosstown
Tax ID/APN: 4600804119 - 4600804118
Community Amenities: Restaurant(s)
Total Number of Buildings: 1
Property Condition: Excellent
Number of Stories: 3
Year Built: 2007
Year Renovated: 2019
Roof Type: Flat
Parking Type: Surface
Parking Description: Each Building gets two off street parking spaces #6 and #10. Parking is in back of building
Total Parking Spaces: 2
Laundry: In Each Unit
Heat Type: Electricity
Heat Source: Heat Pump
Internet Access: Cable
In Flood Plain?: Yes
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


Photograph of Listing Agent

Bradley E O'Mara

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