Premier Investment Opportunity in the heart of Charleston's legal STR/Short term accommodations overlay district. This meticulously renovated, multifamily property not only promises current substantial income return on your investment through Short-Term Rental (STR) but also offers the added potential of a vacant lot with entitlements for further development. This traditional yet modern two-story building where each of the two units offers luxury accommodations and stabilized income. The kitchens have professional-grade stainless steel appliances, striking gold finishes, custom white shaker cabinets, quartz countertops complemented by luxury hand-molded backsplashes. Each unit features walk-in tiled showers with frameless glass doors, and restored hard wood floors all carefully designed to amplify the property's inherent Charleston Southern Charm.Opportunities extend beyond the existing structures. Included in your purchase is a vacant rear lot with full entitlements to construct a detached two-story building. This expansion could encompass approximately 2,000 plus sq. ft., featuring four additional STR-approved bedrooms, each with its own en-suite bathroom. Complete architectural plans along with structural, civil, utility, sprinkler, stormwater plans and engineering plans will convey upon closing. Front units have commercial-grade fire alarm and R-13 sprinkler system. Whether you are drawn to the charm and history of Charleston or the allure of a lucrative STR venture, this property offers both immediate returns and significant growth potential.Income and expense sheet available upon request.
Anchored: No
Year Built: 1872
Parking Type: Surface
County: Charleston
Land Size: 0.16
Title: Multifamily Investment Opportunity- STR and Vacant Lot Development
Second Property Subtype: Hospitality, Multi Family, Special Purpose
Zoning: City of Charleston - LB - Lim
Nearest Msa: Charleston-North Charleston, SC
Sale Terms: Cash, Conventional
Property Type: A
Original Price: $4,100,000
Property Use Type: Multi-Family, Residential
Class Type: Multi Family
Rentable Area: 4469
Unit: Unit A&B And C Vacan
Water Source: Public
Sewer: Public Sewer
Courtesy of listing office Coldwell Banker Comm/Atlantic Int'l - 8437449877
The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Charleston Trident Multiple Listing Service. Real estate listings held by brokerage firms other than Constant Properties are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Last updated on 10-17-2024 11:50 PM EST .
The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
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