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MLS# 30349948 | Charleston Commercial Sales
  • $2,135,000
    No Recent Price Change
  • 153 Spring St
    Charleston, SC 29403
N/APrice per SqFt
71Days on Market
1852Year Built
460-11-04-093Tax ID
  • MLS# 30349948
  • Commercial Sales
  • Hospitality
  • Active

AreaHistoric Charleston

Agent Remarks

$270,000 projection for annual gross rent. The property is nearing its 1st full year of operation. Year 1 Rents are strong but did not meet that projection, which was expected for Year 1. Upcoming bookings already trending higher month over month. Upcoming Turn-key Short Term Rental (“STR”). 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:  $2,135,000

Sale Price Min:  $2,135,000

Sale Price Min Total:  $2,135,000

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 

Mortgage Calculator

Dollars per $1000
Approximate Monthly Payment 0.0
On since Mon, Nov 12th 2018
No Property History recorded for this listing.
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Commercial Sale/Lease: Copyright 2019 South Carolina commercial MLS, Inc. All rights reserved. Last updated on 01-22-2019 11:02pm est.

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