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:
$4,799,000
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:
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
- Unit #
- 47 A&B, 47.5 A&B, 49 A&B
- Legal Description
- BLOCK BLDG B LOT UNIT A 47 Spring A&B, 47.5 Spring A&B, 49 Spring A&B
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
- Primary Structure 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
Income, Expenses & Fees
- Gross Income
- 505293.51
- Auction
- No
SqFt Source
- Tax Records
- Yes
Exterior
- Wood Siding
- Yes
Foundation
- Slab
- Yes
Zoning
- Conforming
- Yes
Garage/Parking
- 1 Car
- Yes
- 2 Car
- Yes
- Other (Use Remarks)
- Yes
Driveway
- Concrete
- Yes
Architectural Style
- Duplex
- Yes
- More than 4
- Yes
- Quadplex
- Yes
- Single Family Detached
- Yes
- Triplex
- Yes
New Owned/Pre-owned
- Pre-Owned
- Yes
Equipment/Appliances
- Ceiling Fan
- Yes
- Dishwasher
- Yes
- Dryer
- Yes
- Electric Cooktop
- Yes
- Fire Sprinkler
- Yes
- Microwave
- Yes
- Refrigerator
- Yes
- Stacked Washer/Dryer
- Yes
- Washer Hookup
- Yes
Cooling
- Central Air
- Yes
Heat
- Heat Pump
- Yes
Amenities
- Cable TV
- Yes
- Trash
- Yes
Sale Includes
- All Furniture
- Yes
- Building and Land
- Yes
Proposed Financing
- Cash
- Yes
- Conventional Loan
- Yes
- Exchange
- Yes
Possession
- At Closing
- Yes
- Tenants Rights
- Yes
Water/Sewer
- Public Sewer
- Yes
- Public Water
- Yes
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
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