Charleston, SC 29403
- 6Beds
- N/AFull Baths
- N/AHalf Baths
- 2,268SqFt
- 1852Year Built
- 0.04Acres
- MLS# 23023569
- Multi Family
- Sold
- Approx Time on Market3 months, 2 days
- AreaHistoric Charleston
- CountyCharleston
- SubdivisionCannonborough-Elliotborough
Overview
PRE-CONSTRUCTION OPPORTUNITY! FULLY LICENSED STR UNDER CONSTRUCTION WITH JANUARY 2024 COMPLETION! Traditional Charleston meets modern design is what you will find in this newly refined property by Cozy Development. Renewed to the highest quality, this property will undergo a major renovation that boasts luxury finishes in this duplex. IDEAL LOCATION Appointed within the short-term rental district; you'll be located within one quintessential neighborhoods of Charleston with the conveniences that are highly sought after with the possibility of operating as a licensed, unencumbered short term rental. If you're looking for walkability to some of the best restaurants and cafes, you will be within a five-minute walk of upper King Street, the epicenter ofnightlife in Charleston.You'll have easy access to places like Prohibition, Bourbon N' Bubbles, Felix, Uptown Social and so many more restaurants, making it highly desirable for STR guests. PROPERTY WILL BE EXTENSIVELY RENOVATED, FURNISHED, TURNKEY The property features two units, both with identical floor plans. Each unit features three bedrooms with three full bathrooms to accommodate your guests. The kitchen is the focal point of every home, which is why the kitchen boasts upgraded appliances, custom cabinets, and quartz/quartzite countertops with luxury hand molded backsplash and open shelving. Other features throughout the unit include walk in tiled showers with an illuminated shower niche and wood floors throughout. Outside you'll enjoy two piazzas, perfect for a picturesque Charleston evening. The stone paver patio is another eye catching space that can be created as a gathering area for your guests that just adds to the efficiency this home offers. This property is modern and virtually maintenance free!HIGH CASHFLOW PROPERTY Although the property was previously fully licensed and operating, comparable data suggests gross short term rental revenue could exceed $220,000 yearly with the property being freshly renovated with a reworked floor plan. All photographs of the renderings are illustrative and final finishes and/or colors are subject to change. Looking for projections? Financial projections have been completed by a third party company and are available. LOOKING FOR MULTIPLE SHORT TERM RENTALS (STRS)? 183 Saint Philip Street (23023569) and 23 Cannon Street (23020724) are unique due to sharing property lines. Both units can be purchased together for $4,499,000.00
Sale Info
Listing Date: 10-15-2023
Sold Date: 01-18-2024
Aprox Days on Market: 
3 month(s), 2 day(s)
Listing Sold: 
3 month(s), 22 day(s) ago
Original Asking Price: $2,590,000
Asking Price: $2,590,000
Selling Price: $2,315,000
Price Difference From Original:
Reduced By $275,000
Price Difference From Asking:
Reduced By $275,000
Agriculture / Farm
Grazing Permits Forest Service: Yes
Grazing Permits Private: Yes
Grazing Permits Blm: Yes
Horse: No
Farm Credit Service Incl: Yes
Association Fees / Info
Bathroom Info
Building Info
Year Built: 1852
Business Info
Rent Control: No
Buyer Compensation
Exterior Features
Pool Private: No
Garage / Parking
Gar Pkg: Other (Use Remarks)
Garage: No
Attached Garage: No
Interior Features
Fireplace: No
Lot Info
Lot Size: 0.04
Lot Size Units: Acres
Acres: 0.04
Lot Sqft: 1742.4
Irrigation Water Rights: Yes
Offer Compensation
Other
Mobile Home Remains: Yes
Property Info
Property Type: B
Stories: 1
Foundation: Crawl Space
Exterior: Wood Siding
New Construction: No
Roof: Metal
Property Subtype: None
Building Area Units: Square Feet
View: No
Home Warranty: Yes
Habitable Residence: Yes
Structure Type: Duplex
Room Info
Beds: 6
Sale / Lease Info
Sold Date: 2024-01-18T00:00:00
Lease Renewal Option: Yes
Lease Considered: Yes
Lease Assignable: Yes
Sqft Info
Sqft: 2268
Unit Info
Number of Units Total: 2
Unit Bedrooms: 3
Unit Bedrooms: 3
Utilities / Hvac
Water Source: Public
Utilities: Charleston Water Service, Dominion Energy
Heating: Yes
Heat: Heat Pump
Water Sewer: Public Sewer
Cooling: Central Air
Cooling: Yes
Waterfront / Water
Waterfront: No
Directions
Located Near The Corner At Cannon Street And Saint Philip StreetCourtesy of listing office The Boulevard Company, LLC