90 Spring Street, A,B, Charleston, SC 29403

$3,240,000
Property Type: Residential Bedrooms: 9 Baths: 6.5 Square Footage: 2,728 Lot Size (sq. ft.): 2,614 Status: Active
Current Price: $3,240,000 List Date: 11/17/2022 Last Modified: 1/24/2023

Description

Excellent income history with proven track record meets immaculate condition in this high-end short term rental duplex located in Charleston, South Carolina. With a projected gross of $415,000 for 2023, 90 Spring Street A&B, is a fully furnished multi-family building comprised of 1 renovated 4BD/3BA unit and 1 renovated 5BD/3.5BA unit ideally located in the heart of Downtown Charleston's Cannonborough-Elliotborough neighborhood. 90 Spring Street A&B is 2 blocks from Charleston's iconic King Street featuring key amenities including but not limited to shopping, restaurants, night life, and is just a 20 minute drive from the beach. This building attracts high-end guests looking for a vibrant downtown vacation experience. The property is in a unique position because of its outstanding

Supplements: location, its potential for increased income, to be a significant & unique addition to one's real estate investment portfolio and/or a great 1031 Exchange. This trophy property provides investors with the rare opportunity to acquire an asset with tremendous presence, character, and scale in the city's most dynamic location. Highly walkable and accessible location (95 WalkScore), this building is close to everyday shopping, casual and upscale restaurants, fitness and medical centers, and an easy commute to and from outside areas, making it attractive to not only high-income, short-term nightly guests but long-term 30+ day tenants as well. Unit A Features: Bedroom #1: King Bed w En Suite Bath + TV Bedroom #2: King Bed w En Suite Bath + TV Bedroom #3: Queen Bed + TV Bedroom #4: Queen Bed + TV Shared Full Bath with Queen Bedrooms Full Kitchen & Living Space. Unit B Features: Bedroom 1: King Bed w Shared En Suite Bath + TV Bedroom 2: King Bed w Shared En Suite Bath + TV Bedroom 3: Queen Bed w En Suite Bath + TV Bedroom 4: Queen Bed w En Suite Bath + TV Bedroom 5: Queen Bed w En Suite Shared Bath + TV Private porch with rocking chairs The expansive outdoor space could be viewed as a value add opportunity, which would increase nightly rates and boost occupancy. All furnishings convey. Financials available upon request.

More Information MLS# 22029033

Contract Info

Sub-Type: Single Family Detached MLS List Date: 2022-11-17 Status: Active List Price: $3,240,000 Current Price: $3,240,000 List Price/SqFt: 1187.68

Location, Tax & Legal

Tax Map #: 4600803181 Street #: 90 Street Name: Spring Street Suffix: Street Unit #: A,B County: Charleston State: SC Zip Code: 29403 Area: 51 - Peninsula Charleston Inside of Crosstown Tax District: 71 - City of Charleston Subdivision: Cannonborough-Elliottborough Elementary School: Mitchell Middle School: Simmons Pinckney High School: Burke Legal Description: 90 SPRING Directions: From King Street, turn onto Spring Street, property will be on your right

General Property Info

Bedrooms: 9 Baths - Full: 6 Baths - Half: 1 Baths - Total: 6.5 Stories: 2 Apx. SqFt: 2728 Ownership: Fee Simple Year Built: 1890 Acreage: 0.06 Number of Units: 2 Potential Short Sale: No C/R: No Lease Purchase: No HOA Fee: No Auction: No

Tax/Fees

Special Assessment: No Taxes: 19698 Regime Fee: No

Property Features

SqFt Source: Tax Records SF Detached Style: Charleston Single Lot Description: 0 - .5 Acre Misc Exterior: Balcony; Deck; Patio Roof: Metal Exterior: Wood Siding Foundation: Crawl Space Stories/Levels: 2 Stories Misc Interior: Ceiling - Smooth; Ceilings - 9'+; Wet Bar; Window Treatments - All New Owned: Pre-Owned Cooling: Central Air; Other Floors: Ceramic Tile; Wood FP Desc/Location: Two; Bedroom Equipment/Appliances: Ceiling Fan; Dishwasher; Electric Range; Microwave; Refrigerator Water/Sewer: Public Sewer; Public Water Heat: Electric Possession: At Closing Utility Suppliers: Charleston Water Service; Dominion Energy Amenities: Trash Proposed Financing: Any Assumable: No
Listing Office: The Boulevard Company, LLC
Last Updated: January - 24 - 2023
90 Spring Street, A,B, Charleston, SC 29403- MLS# 22029033
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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