Meet Rose Holuba: Your Local Real Estate Expert in Charleston

47 Spring Street 47 A&B, 47.5 A&B, 49 A&B, Charleston, SC 29403

$4,250,000

Property Type: MultiFamily Square Footage: 7,194 Lot Size (sq. ft.): 23,522 Status: Closed

Current Price: $4,250,000 List Date: 2/25/2021 Last Modified: 8/09/2023

Overview

Description

Portfolio of three identical properties (47, 47.5, 49 Spring) which are legally zoned and permitted for Short Term Rentals. Renovated in 2019, these beautiful buildings each have a commercial space on the first floor and a 3 bed 2.5 bathroom STR available on the second and third floor. These are some of the highest performing properties on the Peninsula with double digit gains annually! With private off street parking for 7 cars, short term rental furniture included in the sale, and only a block from King Street, this is an investor's dream! Interior images are of 47.5 Spring, buildings are nearly identical. Properties may be purchased individually, or as a package of 2. Pkg of 2 See MLS 20022875, For individual listings: see MLS 20033080, 20033081, 20033085. Bedroom Layout as follows:

Supplements: King in Master, Queen in bedroom adjacent Master, Queen & bunk bed w/ two singles, Queen Pullout Couch on 3rd floor.

Listing Details MLS# 20033071

Location, Tax & Legal

Tax Map #: 4600804114
Street #: 47
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: Cannonborough-Elliotborough
Elementary School: Mitchell
Middle School: Simmons Pinckney
High School: Burke
Directions: Corner Of Spring and St Phillips

Contract Info

MLS List Date: 2020-12-15
Primary Structure List Price/SqFt: 667.08

General Property Info

Number of Units: 6
# Stories: 3
Ground Level: No
Total Apx SqFt: 7194
Year Built: 2009
Acreage: 0.54
Lease Purchase: No
Potential Short Sale: No

Income Expenses Fees

Annual Expenses: 38603.25
Net Income: 466690.26

Status Change Info

Sold Date: 2021-05-03
Sold Price/SqFt: 590.77
New Mortgage Type: Conventional

Unit 1

SqFt: 580

More Information

Unit 2

SqFt: 1818

Unit 3

SqFt: 580

Unit 4

SqFt: 1818

Unit 5

SqFt: 580

Unit 6

SqFt: 1818

Property Features

SqFt Source: Tax Records Exterior: Wood Siding Foundation: Slab Driveway: Concrete Architectural Style: Duplex; More than 4; Quadplex; Single Family Detached; Triplex Zoning: Conforming Cooling: Central Air Heat: Heat Pump Amenities: Cable TV; Trash Sale Includes: All Furniture; Building and Land Proposed Financing: Cash; Conventional Loan; Exchange Possession: At Closing; Tenants Rights

Listing Office: Keller Williams Realty Charleston West Ashley

Last Updated: August - 09 - 2023

Properties marked with IDX logo are provided courtesy of Charleston Trident Multiple Listing Service, Inc. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Charleston Trident Multiple Listing Service. Real estate listings held by brokerage firms other than the website owner are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing this data believes it to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information is provided exclusively for consumers' personal, non-commerical use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.