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150 Spring Street

Charleston, SC 29403
  • $3,995,000
  • STATUS: Active
  • ON SITE: 53 Days
  • ID#: 22026019
UPDATED: 79 min ago
$3,995,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,387
    SQFT
  • $911
    $/SQFT
Type:
Multi-Family
Built:
1872
County:

School Information

Elementary School:
Middle School:
High School:

Description

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.

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Charleston Trident Association of REALTORS® logo Real estate listing marked with the CTMLS logo or an abbreviated logo are provided courtesy of the Charleston Trident MLS Broker Reciprocity Database. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Cheryll Woods-Flowers | Coldwell Banker. Data last updated: 2022-12-08T03:38:01.4.
www.woodsflowers.com/homes/133984289
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150 Spring Street Charleston, SC 29403

  • Price: $3,995,000
  • Status: Active
  • On Site: 53 Days
  • Updated: 79 min ago
  • ID#: 22026019
0
Beds
0
Baths
0
½ Baths
0.16
Acres
4,387
SQFT
$911
$/SQFT
1872
Built
Neighborhood:
Charleston Peninsula - Below Crosstown
County:
Charleston
Area:
Charleston Peninsula - Below Crosstown
Elementary School:
Memminger
Middle School:
Simmons Pinckney
High School:
Burke
Property Description
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.
Exterior Features

Architectural Style Triplex Exterior Wood Siding

Interior Features

Unit1 Baths 1.00 Unit1 Bedrooms 3 Unit1 Sq Ft 870 Unit2 Baths 2.00 Unit2 Bedrooms 4 Unit2 Sq Ft 1670 Unit3 Baths 4.00 Unit3 Bedrooms 4 Unit3 Sq Ft 1690

Charleston Trident Association of REALTORS® logo Listing courtesy of The Boulevard Company, Llc: [IDXCONTACTINFORMATION].


Charleston Trident Association of REALTORS® logo Real estate listing marked with the CTMLS logo or an abbreviated logo are provided courtesy of the Charleston Trident MLS Broker Reciprocity Database. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Cheryll Woods-Flowers | Coldwell Banker. Data last updated: 2022-12-08T03:38:01.4.
 
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Mt. Pleasant SC, 29464