162 Spring Street APT A, B, D, E, Charleston, South Carolina, United States, 29403
5,000,000
for Sale
12
9,583.2
About the property:
On pace for over $400,000 in gross revenue! Introducing 162 Spring Street: a turnkey investment asset featuring twelve bedrooms, ten bathrooms, seven off-street parking spaces, and a triple-net-leased restaurant in the heart of Charleston's STR overlay. Approximately 5,881 square feet across three separate buildings. All furniture and fixtures included in the sale . The property transfers with a proven rental revenue history and a sitting commercial tenant.The front building includes two, 2BR/2BA STR-licensed condos positioned behind a fully leased NNN commercial space. (Three units total)The middle building is a 4BR/3BA single-family home built in 2018. The perfect house to own downtown, that doesn't come with the deferred maintenance of a 100 year old historic home.The last building on the property is another 4BR/3BA home of matching construction vintage, equally equipped for short-term rental performance.
Cannonborough-Elliotborough is the most-watched submarket on the peninsula -- Michelin-starred operators (Vern's, Chez Nous), independent retail along Spring and Upper King, and a guest demographic that skews higher-income and longer-stay than the City Market tourist corridor. The opportunity to acquire four fully licensed and operating short-term-rentals PLUS a restaurant space is a rare find here in Charleston.
- Property Type:
- Residential Income
- Status:
- for Sale
- House Style:
- Single Family Detached
- Bedrooms:
- 12
- Acres:
- 0.22
- Square Feet:
- 5881
- Area:
- 51 - Peninsula Charleston Inside of Crosstown
- Subdivision:
- Cannonborough-Elliotborough
- Water:
- Public
- Heating:
- Electric, Natural Gas, Central
- Interior Features:
- Ceiling Fan(s)
- Sewer:
- Public Sewer
- Association Fee:
- 0
- Is Investment:
- Yes
- Is Maintenance:
- Yes
- Listing ID:
- 26014816
Rooms
Dimensions
Brokered by:
Premier Realty
Presented By: