Current Price:$3,240,000List Date:11/17/2022Last 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 DetachedMLS List Date: 2022-11-17Status: ActiveList Price: $3,240,000Current Price: $3,240,000List Price/SqFt: 1187.68
Location, Tax & Legal
Tax Map #: 4600803181Street #: 90Street Name: SpringStreet Suffix: StreetUnit #: A,BCounty: CharlestonState: SCZip Code: 29403Area: 51 - Peninsula Charleston Inside of CrosstownTax District: 71 - City of CharlestonSubdivision: Cannonborough-ElliottboroughElementary School: MitchellMiddle School: Simmons PinckneyHigh School: BurkeLegal Description: 90 SPRINGDirections: From King Street, turn onto Spring Street, property will be on your right
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