150 Spring St Save Request In-Person Tour Request Virtual Tour
Charleston,SC 29403
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Contingency
Purchase Type For Sale
MLS Listing ID 31003810
Year Built 1872
Property Sub-Type Multi Family
Property Description
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.
Location
State SC
County Charleston
Zoning City of Charleston - LB - Limited Business
Exterior
Parking Features Surface
Garage Spaces 4.0
Building
Sewer Public Sewer
Water Public
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional