The Chapel- A Premier 13 Bedroom Short Term Rental

Hospitality for Sale
Also listed as Multi-Family
Catylist Listing ID: 30820501
Property Subtypes: Vacation Rental(s)
Number of Units: 3 Units
Building Size (RSF): 4,571 SF
Gross Building Area: See Agent
Sale Price: $5,400,000
Unit Price: $1,800,000 Per Unit
Property Use Type: Investment
Building Name: The Chapel
Sale Terms: Cash to Seller
Cap Rate: 6.5%
Last Updated: 12/3/2022

Overview / Comments

221 Ashley Ave (“The Chapel”) is one of Charleston’s premier short term rental properties. This compound consists of 3 separate units totaling 13 bedrooms. The buildings were renovated in 2012 and has been immaculately maintained. The original chapel building was renovated into a 5 bedroom 4.5 bath with an open, vaulted ceiling kitchen and living area. Unit B & C (the “Carriage House”) are two units, each with 4 bedrooms and 4 bathrooms. The Carriage House is a duplex newly constructed in 2012. The property has established rental history and is one of the most desirable short term rentals Charleston has to offer.

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Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 51 - Peninsula Chas. inside of crosstown
Tax ID/APN: 460-11-04-081
Zoning: LB - Limited Business
Property Located Between: Cannon Street and Spring Street
Property Visibility: Excellent
Year Built: 1995
Construction/Siding: Other

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 26,753 57,832 136,268
Median Age: 27.38 34.23 36.29
Households: 10,228 24,554 56,862
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