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 has undergone a studs out renovation that boasts luxury finishes with three separate dwelling units.VALUE ADD OPPORTUNITYIn addition, this property site has opportunity to add a second sizable structure on the same lot. The Charleston Zoning officials have confirmed from ''Sketch Wednesday'' the path forward to add this second structure, approximately 3,500 sq. ft., creating the potential to add an additional 8 bedrooms/7 bathrooms. This opportunity unlocks maximum cashflow for your short term rental investment, if desired. IDEAL LOCATION Appointed within the short term rental district, you'll be located within onequintessential 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 a half mile to King Street and a few minutes walk to Chubby Fish, Vern's, Xiao Bao, 132 Spring Coffee, and BaBa Coffee, making it highly desirable for STR guests. FULLY RENOVATED, FURNISHED, TURNKEY Each of the units have been fully renovated with similar finishes throughout. The kitchen in each unit is the focal point of every home, which is why each kitchen is dressed in gold finishes and boasts professional grade stainless steel appliances, white shaker cabinets, and quartz/quartzite countertops with luxury hand molded backsplash. Other features throughout the units included walk in tiled showers with frameless glass doors, herringbone pattern wood floors in the main floor unit, picture frame molding added throughout the main living areas to bring out the Charleston charm you're expected to experience, a spiral staircase in the upstairs unit, and so much more. A floorplan of this home is available for better understanding of each unit. Finally, the lot is of considerable size with 10 off street parking spaces available for large bookings. HIGH CASHFLOW PROPERTY Although the property isn't currently operating as a short term rental, comparable data suggests gross short term rental revenue could be up to $500,000 yearly AS-IS or $800,000+ with the added structure.
- Price:
- $3,995,000
- Bedrooms:
- 11
- Square Footage:
- 4,472
- Acreage:
- 0.16
- Year Built:
- 1872
- Listing ID #:
- 22026019
- Street Address:
- 150 Spring St
- City:
- Charleston
- State:
- South Carolina
- Postal Code:
- 29403
- County:
- Charleston
- Community:
- Peninsula Charleston Inside Of Crosstown
- Subdivision:
- Cannonborough-Elliottborough
- Listing Status:
- Active Under Contract
- Listing Type:
- Residential Income
PRESCHOOL-5
350 students
11 student/teacher
6-8
230 students
9-12
384 students
10 student/teacher
- Construction Type:
- Wood Siding
- Foundation:
- Basement, See Remarks
- Interior Features:
- Ceiling Fan(s)
- Number Of Units:
- 3
- Stories:
- 3
- Structure:
- Triplex
- Total Building Square Footage:
- 4472
- Type Of Roof:
- Metal
- Unit 1 - Square Footage Available:
- 1017
- Unit 2 - Square Footage Available:
- 1736
- Unit 3 - Square Footage Available:
- 1718
- Unit1 Bathrooms:
- 1
- Unit1 Bedrooms:
- 3
- Unit2 Bathrooms:
- 2
- Unit2 Bedrooms:
- 4
- Unit3 Bathrooms:
- 4
- Unit3 Bedrooms:
- 4
- Year Built:
- 1872
- Lot Size:
- 0.16
- Lot Square Footage:
- 6969.6
- Terms:
- Cash, Conventional
- Subdivision:
- Cannonborough-Elliottborough
- Parking Description:
- Other (use Remarks)
- Existing Water:
- Public
- Has Central Air Conditioning:
- Yes
- Sewage Type:
- Public Sewer
- Utilities:
- Charleston Water Service, Dominion Energy
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Provided By: Jonathan Hoff with The Boulevard Company
-
Copyright 2017 Charleston Trident Multiple Listing Service, Inc. All rights reserved.
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