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MLS# 30349948 | Charleston Commercial Sales
  • $1,995,000
    Reduced -$140,000
  • 153 Spring St
    Charleston, SC 29403
N/APrice per SqFt
27Days on Market
1852Year Built
460-11-04-093Tax ID
  • MLS# 30349948
  • Commercial Sales
  • Hospitality
  • Active

AreaHistoric Charleston

Agent Remarks

Turn-key Short Term Rental (“STR”). $270,000 projection for annual gross rent! The property is nearing its 1st full year of operation. The end of this March will mark the end of Year 1 for this property operating, and solid Year 2 reservations on the books are all tracking to be higher month over month for Year 2 over Year 1. Licensed and legal, the property is zoned Limited Business (LB) and located in the Short Term Rental Overlay in the Cannonborough- Elliottborough neighborhood. The property is an operating STR and currently managed by a third party rental management company. The property underwent extensive renovation in 2017-2018 with Architect designed plans and Interior Designer selections. The renovation went down to the studs to create a total of 8 Bedrooms and 6 Baths. With an interior staircase, the property can rent as a single 8 bedroom OR as a two 4 bedroom units. The top and bottom floors are mirror images and feature an open Kitchen, eating area, and living area (complete with a pull-out couch). Off the living area is a full bath as well as a bedroom with bunk beds. Down the hall are 3 additional bedrooms- the master with walk-in closet and en suite Bath, and 2 bedrooms sharing a Jack-n-Jill bathroom. Both units have washer and dryer units, Rinnai tankless water heaters, and new AC units. There is on-site parking at the rear of the home for several vehicles plus stacked parking in the driveway. Truly turn-key, this property is selling furnished, managed, and generating great rental income. apprx half year of operating data available.


Sale Price Max Total:  $1,995,000

Sale Price Min:  $1,995,000

Sale Price Min Total:  $1,995,000

Tax Id:  460-11-04-093

Lot Info

Acres:  0

Property Info

County:  Charleston

Location Public:  1

Property Status:  Existing

Property Subtype:  Bed Breakfast, Vacation Rentals

Class Type:  Hospitality

Location:  8 BR Short Term Rental (STR) on Spring Street

SqFt Info

Sqft:  0

Courtesy of listing office McAlister Preferred Properties 

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Dollars per $1000
Approximate Monthly Payment 0.0
Price & Status History (on since Mon, Feb 25th 2019)
  • Original Price: $1,995,000
  • Current Price: $1,995,000
  • Price Reduced: $0
Date ChangedFromTo
02/28/2019$2,135,000 $1,995,000 Reduced by $140,000
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Broker Reciprocity The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Charleston Trident Multiple Listing Service. Real estate listings held by brokerage firms other than are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Last updated on 03-25-2019 5:06 PM EST . The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Copyright 2019 Charleston Trident Multiple Listing Service, Inc. All rights reserved.
Commercial Sale/Lease: Copyright 2019 South Carolina commercial MLS, Inc. All rights reserved. Last updated on 03-25-2019 5:06 PM EST est.

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