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:

Bobbie Rose

Real Estate Agent

Keller Williams Realty Charleston/West Ashley