62 1/2 Cannon Street, Charleston, SC 29403

$1,850,000
Property Type: MultiFamily Square Footage: 3,450 Lot Size (sq. ft.): 4,356 Status: Closed
Current Price: $1,850,000 List Date: 5/16/2024 Last Modified: 6/22/2024

Overview

Description

Excellent investment opportunity in legal STR district! Large duplex located in the heart of Charleston's highly sought-after Cannonborough Neighborhood, in the short term rental (STR) overlay district, 62 ½ Cannon Street offers a perfect opportunity for investors or homeowners seeking an income producing property. Situated within walking distance of King Street shopping, neighborhood coffee shops, bars and restaurants, this 1880's multi-family home is ideal for enjoying the best that Charleston has to offer. In 2015, the home underwent a complete renovation with a legally permitted 1100 square foot addition bringing the total to 3450 square feet. It contains six bedrooms, six full bathrooms, four full gas range kitchens with full size refrigerators, and 3 washer/dryer hookups.

Supplements: Custom cabinetry and decorative elements are crafted from salvage material from the renovation, making for a one-of-a-kind look throughout all parts of the building. The front part is the larger historic section of the house featuring exposed brick chimneys, high ceilings and original heart pine floors. On the lower level you can enjoy a wide front ...

Listing Details MLS# 24012421

Location, Tax & Legal

Tax Map #
4600803037
Street #
62 1/2
Street Name
Cannon
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
King st to Cannon st home on right
Legal Description
62 CANNON

Contract Info

MLS List Date
2024-05-16
Primary Structure List Price/SqFt
692.75

General Property Info

Number of Units
2
Primary Structure Apx SqFt
3450
Year Built
1885
Acreage
0.1
Potential Short Sale
No
Other Structures Y/N
No

Status Change Info

Sold Date
2024-06-21
Sold Price/SqFt
536.23
New Mortgage Type
Cash

Unit 1

SqFt
1725

Unit 2

SqFt
1750

More Information

Income, Expenses & Fees

Auction
No

SqFt Source

Tax Records
Yes

Roof

Asphalt Shingle
Yes

Exterior

Wood Siding
Yes

Foundation

Crawl Space
Yes

Zoning

Conforming
Yes

Garage/Parking

Other (Use Remarks)
Yes

Driveway

Gravel
Yes

Architectural Style

Duplex
Yes

New Owned/Pre-owned

Pre-Owned
Yes

Equipment/Appliances

Electric Dryer Hookup
Yes
Gas Range
Yes

Cooling

Central Air
Yes

Heat

Heat Pump
Yes

Sale Includes

Building Only
Yes

Proposed Financing

Any
Yes

Tenant Pays

All Utilities
Yes

Possession

At Closing
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: Central Air Heat: Heat Pump Sale Includes: Building Only Tenant Pays: All Utilities Proposed Financing: Any Possession: At Closing Utility Suppliers: Charleston Water Service; Dominion Energy
IDX
Listing Office: Hayden Jennings Properties
Last Updated: June - 22 - 2024
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.