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40 Spring Street A & B, Charleston, SC 29403
$2,425,000
Property Type:
MultiFamily
Square Footage:
2,711
Lot Size (sq. ft.):
3,920
Status:
Closed
Current Price:
$2,490,000
List Date:
10/07/2024
Last Modified:
11/05/2025
Description
***$400,000 in total revenue for 2024. Appraisal in hand at $2,640,000.***
Unbeatable location! Situated 1/2 a block from King Street's most popular restaurants, bars, and shopping, 40 Spring Street A&B is a permitted short-term rental duplex with an impressive rental history. Unit A consists of 3BD/3BA and Unit B consists of 3BD/3.5BA, with the ability to sleep a total of 16 guests. Each unit is sold fully stocked and furnished, has its own outdoor living space, and the property comes with 6 off-street parking spots in the rear.
*LEGAL & LICENSED BY THE CITY OF CHARLESTON, PERMIT 04283 + 04284*
Supplements: This property is part of a partial portfolio sale consisting of the following addresses: - 90 Spring Street A&B (8BD/6.5BA) TMS:460-08-03-181 - 60 & 60 ½ Cannon Street (16BD/13BA) TMS: 460-08-03-038 Combined, 60 A: 460-08-03-240, 60 B/C: 460-08-03-241 & 460-08-03-242, 60 ½ A: 460-08-03-243, and 60 ½ B: 460-08-03-244 - 65 Spring Street (commercial space) TMS: 460-08-03-053
More Information MLS# 24025694
Contract Info
Primary Structure List Price/SqFt: 918.48
MLS List Date: 2024-10-07
Status: Closed
List Price: $2,490,000
Current Price: $2,425,000
Location, Tax & Legal
Unit #: A & B
Legal Description: District/Ward 7-1
Tax Map #: 4600802024
Street #: 40
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: Memminger
Middle School: Simmons Pinckney
High School: Burke
Directions: From King Street turn onto Spring Street.
General Property Info
# Stories: 2
Ground Level: Yes
Potential Short Sale: No
Other Structures Y/N: No
Number of Units: 2
Primary Structure Apx SqFt: 2711
Year Built: 1900
Acreage: 0.09
Income, Expenses & Fees
Auction: No
Office/Member Info
Seller Concessions Negotiable Y/N: Yes
Status Change Info
Sold Price/SqFt: 894.5
New Mortgage Type: Conventional
Sold Date: 2025-03-03
SqFt Source
Tax Records: 1
Unit 1
SqFt: 1355
Bedrooms: 3
Baths: 3
Unit 2
SqFt: 1355
Bedrooms: 3
Baths: 3.5
Roof
Asphalt Shingle: 1
Exterior
Wood Siding: 1
Foundation
Crawl Space: 1
Zoning
Conforming: 1
Driveway
Gravel: 1
Architectural Style
Duplex: 1
New Owned/Pre-owned
Pre-Owned: 1
Equipment/Appliances
Ceiling Fan: 1
Dishwasher: 1
Disposal: 1
Gas Range: 1
Range Hood: 1
Refrigerator: 1
Cooling
Wall Unit(s): 1
Heat
Wall Unit(s): 1
Sale Includes
All Furniture: 1
Proposed Financing
Any: 1
Possession
At Closing: 1
Special
Termite Bond: 1
Water/Sewer
Public Sewer: 1
Public Water: 1
Utility Suppliers
Charleston Water Service: 1
Dominion Energy: 1
Property Features
SqFt Source: Tax Records
Roof: Asphalt Shingle
Exterior: Wood Siding
Foundation: Crawl Space
Driveway: Gravel
Architectural Style: Duplex
Zoning: Conforming
Cooling: Wall Unit(s)
Heat: Wall Unit(s)
Sale Includes: All Furniture
Proposed Financing: Any
Possession: At Closing
Special: Termite Bond
Utility Suppliers: Charleston Water Service; Dominion Energy
Listing Office:
The Boulevard Company
Last Updated: November - 05 - 2025
Properties marked with IDX logo are provided courtesy of Charleston Trident Multiple Listing Service, Inc.
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