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162 Spring Street, Charleston, SC 29403
$2,975,000
Property Type:
MultiFamily
Square Footage:
5,881
Lot Size (sq. ft.):
9,583
Status:
Closed
Current Price:
$3,100,000
List Date:
10/17/2019
Last Modified:
2/21/2025
Description
Investment opportunity in the heart of downtown Charleston. Legally permitted for short-term rentals and located in the short-term rental overlay district, this property boasts a total of 3 buildings with 5 units, 4 meters and 7 designated parking spaces. The first building was built in 1880 and includes a well-established eatery with a long-term lease in place and 2 units that can be separated (one on the first floor and one on the second) that both feature 2 beds/2 baths, updated kitchens and spacious living rooms.
The additional 2 homes were built in 2018. They both feature metal roofs open floor plans with tons of natural light and great outdoor living space. Both of the recently built structures include expansive great rooms that flow into stunning kitchens complete with large
Supplements: islands, subway tile backsplash and top-of-the line appliances. The first floors also include large master suites complete with outdoor access and luxurious en-suite bathrooms. The 2nd floors include 2 spacious bedrooms that share a jack-and-jill style bathroom and an upstairs master suite complete with private en-suite bathroom. This unique property has a great rental history and has potential to be a primary residence, investment property, or a mixture of both. A new buyer could enjoy living in one of the homes while having the rental income from the additional units to offset the costs making downtown living extremely affordable. Don't let this opportunity pass you by! Schedule a showing today!
More Information MLS# 19029205
Contract Info
Primary Structure List Price/SqFt: 527.12
MLS List Date: 2019-10-17
Status: Closed
List Price: $3,100,000
Current Price: $2,975,000
Location, Tax & Legal
Legal Description: 162 SPRING
Tax Map #: 4601102089
Street #: 162
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: Elliotborough
Elementary School: James Simons
Middle School: Simmons Pinckney
High School: Burke
Directions: Located on Spring Street between Ashley Avenue and President Street
General Property Info
# Stories: 2
Potential Short Sale: No
Number of Units: 5
Primary Structure Apx SqFt: 5881
Year Built: 1880
Acreage: 0.22
Status Change Info
Sold Price/SqFt: 505.87
New Mortgage Type: Conventional
Sold Date: 2019-12-04
SqFt Source
Builder/Owner: 1
Unit 1
SqFt: 390
Unit 2
SqFt: 950
Bedrooms: 2
Baths: 2
Unit 3
SqFt: 1325
Bedrooms: 2
Baths: 2
Unit 4
SqFt: 1608
Bedrooms: 4
Baths: 3
Unit 5
SqFt: 1608
Bedrooms: 4
Baths: 3
Roof
Metal: 1
Foundation
Crawl Space: 1
Piling: 1
Zoning
Conforming: 1
Garage/Parking
Other (Use Remarks): 1
Driveway
Gravel: 1
Architectural Style
Triplex: 1
Other: 1
New Owned/Pre-owned
Pre-Owned: 1
Equipment/Appliances
Dryer Connection: 1
Gas Range: 1
Microwave: 1
Refrigerator: 1
Washer Hookup: 1
Cooling
Central Air: 1
Heat
Heat Pump: 1
Amenities
Bus Line: 1
Cable TV: 1
Trash: 1
Sale Includes
Building and Land: 1
Proposed Financing
Cash: 1
Conventional Loan: 1
Tenant Pays
All Utilities: 1
Possession
Negotiable: 1
Tenants Rights: 1
Water/Sewer
Public Sewer: 1
Public Water: 1
Utility Suppliers
Charleston Water Service: 1
Dominion Energy: 1
Property Features
SqFt Source: Builder/Owner
Roof: Metal
Foundation: Crawl Space; Piling
Driveway: Gravel
Architectural Style: Triplex; Other
Zoning: Conforming
Cooling: Central Air
Heat: Heat Pump
Amenities: Bus Line; Cable TV; Trash
Sale Includes: Building and Land
Tenant Pays: All Utilities
Proposed Financing: Cash; Conventional Loan
Possession: Negotiable; Tenants Rights
Utility Suppliers: Charleston Water Service; Dominion Energy
Listing Office:
Keller Williams Realty Charleston
Last Updated: February - 21 - 2025
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.
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