47 Spring Street, 47 A&B, 47.5 A&B, 49 A&B, Charleston, SC 29403
$4,250,000
Property Type:
MultiFamily
Square Footage:
7,194
Lot Size (sq. ft.):
23,522
Status:
Closed
Current Price:
$4,799,000
List Date:
2/25/2021
Last Modified:
8/09/2023
Description
Portfolio of three identical properties (47, 47.5, 49 Spring) which are legally zoned and permitted for Short Term Rentals. Renovated in 2019, these beautiful buildings each have a commercial space on the first floor and a 3 bed 2.5 bathroom STR available on the second and third floor. These are some of the highest performing properties on the Peninsula with double digit gains annually! With private off street parking for 7 cars, short term rental furniture included in the sale, and only a block from King Street, this is an investor's dream! Interior images are of 47.5 Spring, buildings are nearly identical. Properties may be purchased individually, or as a package of 2. Pkg of 2 See MLS 20022875, For individual listings: see MLS 20033080, 20033081, 20033085. Bedroom Layout as follows:
Supplements: King in Master, Queen in bedroom adjacent Master, Queen & bunk bed w/ two singles, Queen Pullout Couch on 3rd floor.
More Information MLS# 20033071
Contract Info
Primary Structure List Price/SqFt: 667.08
MLS List Date: 2020-12-15
Status: Closed
List Price: $4,799,000
Current Price: $4,250,000
Location, Tax & Legal
Unit #: 47 A&B, 47.5 A&B, 49 A&B
Legal Description: BLOCK BLDG B LOT UNIT A
47 Spring A&B, 47.5 Spring A&B, 49 Spring A&B
Tax Map #: 4600804114
Street #: 47
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: Cannonborough-Elliotborough
Elementary School: Mitchell
Middle School: Simmons Pinckney
High School: Burke
Directions: Corner Of Spring and St Phillips
General Property Info
# Stories: 3
Ground Level: No
Lease Purchase: No
Potential Short Sale: No
Number of Units: 6
Primary Structure Apx SqFt: 7194
Year Built: 2009
Acreage: 0.54
Income, Expenses & Fees
Gross Income: 505293.51
Auction: No
Status Change Info
Sold Price/SqFt: 590.77
New Mortgage Type: Conventional
Sold Date: 2021-05-03
SqFt Source
Tax Records: 1
Unit 1
SqFt: 580
Baths: 0.5
Unit 2
SqFt: 1818
Bedrooms: 3
Baths: 2.5
Unit 3
SqFt: 580
Baths: 0.5
Unit 4
SqFt: 1818
Bedrooms: 3
Baths: 2.5
Unit 5
SqFt: 580
Baths: 0.5
Unit 6
SqFt: 1818
Bedrooms: 3
Baths: 2.5
Exterior
Wood Siding: 1
Foundation
Slab: 1
Zoning
Conforming: 1
Garage/Parking
1 Car: 1
2 Car: 1
Other (Use Remarks): 1
Driveway
Concrete: 1
Architectural Style
Duplex: 1
More than 4: 1
Quadplex: 1
Single Family Detached: 1
Triplex: 1
New Owned/Pre-owned
Pre-Owned: 1
Equipment/Appliances
Ceiling Fan: 1
Dishwasher: 1
Dryer: 1
Electric Cooktop: 1
Fire Sprinkler: 1
Microwave: 1
Refrigerator: 1
Stacked Washer/Dryer: 1
Washer Hookup: 1
Cooling
Central Air: 1
Heat
Heat Pump: 1
Amenities
Cable TV: 1
Trash: 1
Sale Includes
All Furniture: 1
Building and Land: 1
Proposed Financing
Cash: 1
Conventional Loan: 1
Exchange: 1
Possession
At Closing: 1
Tenants Rights: 1
Water/Sewer
Public Sewer: 1
Public Water: 1
Income Expenses Fees
Annual Expenses: 38603.25
Net Income: 466690.26
Property Features
SqFt Source: Tax Records
Exterior: Wood Siding
Foundation: Slab
Driveway: Concrete
Architectural Style: Duplex; More than 4; Quadplex; Single Family Detached; Triplex
Zoning: Conforming
Cooling: Central Air
Heat: Heat Pump
Amenities: Cable TV; Trash
Sale Includes: All Furniture; Building and Land
Proposed Financing: Cash; Conventional Loan; Exchange
Possession: At Closing; Tenants Rights
Listing Office: Keller Williams Realty Charleston West Ashley
Last Updated: August - 09 - 2023
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.
Information is provided exclusively for consumers' personal, non-commerical use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.