Looking for that perfect investment property? Look no further than 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. On pace for over $400,000 in gross revenue! Approximately 5,881 square feet across… Read More 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. Read Less
Courtesy of Premier Realty
Listing Snapshot
Days Online
84
Last Updated
Property Type
Single Family Residence
Beds
12
Full Baths
10
Square Ft.
5,881
Lot Size
0.22 Acres
Year Built
1880
MLS Number
26014869
30 Days Snapshot Of 29403
$1.09M
+7%
(avg) sold price
21
-30%
homes sold
82
+5%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1880, 2 stories, Architectural style: Contemporary, Construction materials: Vinyl Siding, Other structures: No
Heating
Central, Electric, Natural Gas
Interior Features
Ceiling Fan(s)
Lot
0.22 acres, 9,583 square feet, Area: 0.22
Roof
Metal
Security Features
Fire Sprinkler System
Sewer
Public Sewer
Utilities
Charleston Water Service, Dominion Energy
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