162 Spring Street
Charleston, SC 29403
12 bd · 10 ba · 5,881 sqft · $901/sqft
Highlights
About This Home
Looking for that perfect investment property? Look no further than 162 Spring Street: a turnkey investment asset featuring twelve bedrooms, ten bathrooms, seven off-street parking spaces, and a triple-net-leased restaurant in the heart of Charleston's STR overlay. On pace for over $400,000 in gross revenue!
Approximately 5,881 square feet across three separate buildings. All furniture and fixtures included in the sale . The property transfers with a proven rental revenue history and a sitting commercial tenant.
The front building includes two, 2BR/2BA STR-licensed condos positioned behind a fully leased NNN commercial space. (Three units total)The middle building is a 4BR/3BA single-family home built in 2018.The perfect house to own downtown, that doesn't come with the deferred maintenance of a 100 year old historic home.
The last building on the property is another 4BR/3BA home of matching construction vintage, equally equipped for short-term rental performance. Cannonborough-Elliotborough is the most-watched submarket on the peninsula -- Michelin-starred operators (Vern's, Chez Nous), independent retail along Spring and Upper King, and a guest demographic that skews higher-income and longer-stay than the City Market tourist corridor. The opportunity to acquire four fully licensed and operating short-term-rentals PLUS a restaurant space is a rare find here in Charleston.
Property Details
Overview
- Directions
- .
- Mlsareamajor
- 51 - Peninsula Charleston Inside of Crosstown
- Taxmapnumber
- 4601102089
- Countyorparish
- Charleston
- Propertysubtype
- Single Family Detached
- Architecturalstyle
- Contemporary
- Constructionmaterials
- Vinyl Siding
Interior Features
- Heating
- Central, Electric, Natural Gas
- Interiorfeatures
- Ceiling Fan(s)
Exterior Features
- Roof
- Metal
- Otherstructures
- No
Lot And Land
- Lotsizearea
- 0.22
- Lotsizeacres
- 0.22
- Lotsizeunits
- Acres
Systems And Utilities
- Sewer
- Public Sewer
- Utilities
- Charleston Water Service, Dominion Energy
- Watersource
- Public
Financial Information
- Listingterms
- Any, Cash, Conventional, 1031 Exchange
Community And Hoa
- Securityfeatures
- Fire Sprinkler System
Room Dimensions
- Bathroomshalf
- 0
Listed by Mason Wright · Premier Realty
Location
- Address
- 162 Spring Street
- City
- Charleston, SC 29403
- Community
- Cannonborough-Elliotborough
- County
- Charleston
Schools
- Elementary
- James Simons
- Middle
- Simmons Pinckney
- High
- Burke
School assignments may change. Contact the school district to confirm.
Information deemed reliable but not guaranteed. Provided for consumers’ personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.