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40 Spring Street A & B, Charleston, SC 29403

$2,425,000

Property Type: MultiFamily Square Footage: 2,711 Lot Size (sq. ft.): 3,920 Status: Closed

Current Price: $2,425,000 List Date: 10/07/2024 Last Modified: 7/24/2026

Overview

Description

***$400,000 in total revenue for 2024. Appraisal in hand at $2,640,000.*** Unbeatable location! Situated 1/2 a block from King Street's most popular restaurants, bars, and shopping, 40 Spring Street A&B is a permitted short-term rental duplex with an impressive rental history. Unit A consists of 3BD/3BA and Unit B consists of 3BD/3.5BA, with the ability to sleep a total of 16 guests. Each unit is sold fully stocked and furnished, has its own outdoor living space, and the property comes with 6 off-street parking spots in the rear. *LEGAL & LICENSED BY THE CITY OF CHARLESTON, PERMIT 04283 + 04284*

Supplements: This property is part of a partial portfolio sale consisting of the following addresses: - 90 Spring Street A&B (8BD/6.5BA) TMS:460-08-03-181 - 60 & 60 ½ Cannon Street (16BD/13BA) TMS: 460-08-03-038 Combined, 60 A: 460-08-03-240, 60 B/C: 460-08-03-241 & 460-08-03-242, 60 ½ A: 460-08-03-243, and 60 ½ B: 460-08-03-244 - 65 Spring Street (commer ... (Read more)

Listing Details MLS# 24025694

Location, Tax & Legal

Tax Map #: 4600802024
Street #: 40
Street Name: Spring
Street Suffix: Street
County: Charleston
State: SC
Zip Code: 29403
Area: 51 - Peninsula Charleston Inside of Crosstown
Tax District: 71 - City of Charleston
Subdivision: Elliotborough
Elementary School: Memminger
Middle School: Simmons Pinckney
High School: Burke
Directions: From King Street turn onto Spring Street.
Unit #: A & B
Legal Description: District/Ward 7-1

Contract Info

MLS List Date: 2024-10-07
Primary Structure List Price/SqFt: 918.48

General Property Info

Number of Units: 2
# Stories: 2
Ground Level: Yes
Primary Structure Apx SqFt: 2711
Year Built: 1900
Acreage: 0.09
Potential Short Sale: No
Other Structures Y/N: No

Status Change Info

Sold Date: 2025-03-03
Sold Price/SqFt: 894.5
New Mortgage Type: Conventional

Unit 1

SqFt: 1355

Unit 2

SqFt: 1355

More Information

Income, Expenses & Fees

Auction: No

Office/Member Info

Seller Concessions Negotiable Y/N: Yes

SqFt Source

Tax Records: Yes

Roof

Asphalt Shingle: Yes

Exterior

Wood Siding: Yes

Foundation

Crawl Space: Yes

Zoning

Conforming: Yes

Driveway

Gravel: Yes

Architectural Style

Duplex: Yes

New Owned/Pre-owned

Pre-Owned: Yes

Equipment/Appliances

Ceiling Fan: Yes
Dishwasher: Yes
Disposal: Yes
Gas Range: Yes
Range Hood: Yes
Refrigerator: Yes

Cooling

Wall Unit(s): Yes

Heat

Wall Unit(s): Yes

Sale Includes

All Furniture: Yes

Proposed Financing

Any: Yes

Possession

At Closing: Yes

Special

Termite Bond: Yes

Water/Sewer

Public Sewer: Yes
Public Water: Yes

Utility Suppliers

Charleston Water Service: Yes
Dominion Energy: Yes

Property Features

SqFt Source: Tax Records Roof: Asphalt Shingle Exterior: Wood Siding Foundation: Crawl Space Driveway: Gravel Architectural Style: Duplex Zoning: Conforming Cooling: Wall Unit(s) Heat: Wall Unit(s) Sale Includes: All Furniture Proposed Financing: Any Possession: At Closing Special: Termite Bond Utility Suppliers: Charleston Water Service; Dominion Energy

Listing Office: The Boulevard Company

Last Updated: July - 24 - 2026

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