Featured Listing

Property Type: MultiFamily Square Footage: 5,881 Lot Size (sq. ft.): 9,583 Status: Closed

Current Price: $2,975,000 List Date: 10/17/2019 Last Modified: 2/21/2025

Overview

Description

Investment opportunity in the heart of downtown Charleston. Legally permitted for short-term rentals and located in the short-term rental overlay district, this property boasts a total of 3 buildings with 5 units, 4 meters and 7 designated parking spaces. The first building was built in 1880 and includes a well-established eatery with a long-term lease in place and 2 units that can be separated (one on the first floor and one on the second) that both feature 2 beds/2 baths, updated kitchens and spacious living rooms. The additional 2 homes were built in 2018. They both feature metal roofs open floor plans with tons of natural light and great outdoor living space. Both of the recently built structures include expansive great rooms that flow into stunning kitchens complete with large

Supplements: islands, subway tile backsplash and top-of-the line appliances. The first floors also include large master suites complete with outdoor access and luxurious en-suite bathrooms. The 2nd floors include 2 spacious bedrooms that share a jack-and-jill style bathroom and an upstairs master suite complete with private en-suite bathroom. This unique pr ... (Read more)

Listing Details MLS# 19029205

Location, Tax & Legal

Tax Map #: 4601102089
Street #: 162
Street Name: Spring
Street Suffix: Street
County: Charleston
State: SC
Zip Code: 29403
Area: 51 - Peninsula Charleston Inside of Crosstown
Tax District: 71 - City of Charleston
Subdivision: Elliotborough
Elementary School: James Simons
Middle School: Simmons Pinckney
High School: Burke
Directions: Located on Spring Street between Ashley Avenue and President Street
Legal Description: 162 SPRING

Contract Info

MLS List Date: 2019-10-17
Primary Structure List Price/SqFt: 527.12

General Property Info

Number of Units: 5
# Stories: 2
Primary Structure Apx SqFt: 5881
Year Built: 1880
Acreage: 0.22
Potential Short Sale: No

Status Change Info

Sold Date: 2019-12-04
Sold Price/SqFt: 505.87
New Mortgage Type: Conventional

Unit 1

SqFt: 390

Unit 2

SqFt: 950

More Information

Unit 3

SqFt: 1325

Unit 4

SqFt: 1608

Unit 5

SqFt: 1608

SqFt Source

Builder/Owner: Yes

Roof

Metal: Yes

Foundation

Crawl Space: Yes
Piling: Yes

Zoning

Conforming: Yes

Garage/Parking

Other (Use Remarks): Yes

Driveway

Gravel: Yes

Architectural Style

Triplex: Yes
Other: Yes

New Owned/Pre-owned

Pre-Owned: Yes

Equipment/Appliances

Dryer Connection: Yes
Gas Range: Yes
Microwave: Yes
Refrigerator: Yes
Washer Hookup: Yes

Cooling

Central Air: Yes

Heat

Heat Pump: Yes

Amenities

Bus Line: Yes
Cable TV: Yes
Trash: Yes

Sale Includes

Building and Land: Yes

Proposed Financing

Cash: Yes
Conventional Loan: Yes

Tenant Pays

All Utilities: Yes

Possession

Negotiable: Yes
Tenants Rights: Yes

Water/Sewer

Public Sewer: Yes
Public Water: Yes

Utility Suppliers

Charleston Water Service: Yes
Dominion Energy: Yes

Property Features

SqFt Source: Builder/Owner Roof: Metal Foundation: Crawl Space; Piling Driveway: Gravel Architectural Style: Triplex; Other Zoning: Conforming Cooling: Central Air Heat: Heat Pump Amenities: Bus Line; Cable TV; Trash Sale Includes: Building and Land Tenant Pays: All Utilities Proposed Financing: Cash; Conventional Loan Possession: Negotiable; Tenants Rights Utility Suppliers: Charleston Water Service; Dominion Energy

Listing Office: Keller Williams Realty Charleston

Last Updated: February - 21 - 2025

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