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56 Cannon Street, A,B,C,D, Charleston, SC 29403
$6,249,000
Property Type:
MultiFamily
Square Footage:
5,532
Lot Size (sq. ft.):
9,148
Status:
Active
Current Price:
$6,249,000
List Date:
4/15/2024
Last Modified:
4/15/2024
Description
Introducing an exceptional investment opportunity to own 4 active, legal short term rental units encompassing 3 buildings in the heart of Charleston's coveted Cannonborough Elliotborough neighborhood. This property includes a total of 14 bedrooms & 14 bathrooms. The front historic blue building is a renovated duplex, which features 4 bedrooms & 4 bathrooms per unit. To the rear of the property stand 2 newly constructed single family homes, each with 3 bedrooms & 3 bathrooms. These properties present a rare chance to own a piece of Charleston's historic charm, combined with modern amenities & lucrative income. The seamless integration of modern conveniences & historic details ensures a comfortable & captivating living experience for residents or guests alike. Convenient on site parking
Supplements: further enhances the property's appeal, ensuring hassle-free accessibility. With all units currently operating as legal, active short-term rentals, this property presents an enticing income-generating opportunity for savvy investors. Seize this opportunity to invest in the Holy City's only neighborhood allowing legal and welcomed short term vacation rental properties.
More Information MLS# 24009378
Contract Info
MLS List Date: 2024-04-15
Status: Active
List Price: $6,249,000
Current Price: $6,249,000
Location, Tax & Legal
Tax Map #: 4600803040
Street #: 56
Street Name: Cannon
Street Suffix: Street
Unit #: A,B,C,D
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: James Simons
Middle School: Simmons Pinckney
High School: Burke
Legal Description: 56 CANNON
Directions: From Hwy 17 N, bear right onto Cannon Street, property will be on your left, just after Felix St.
General Property Info
Number of Units: 4
# Stories: 2
Primary Structure Apx SqFt: 5532
Year Built: 1865
Acreage: 0.21
Lease Purchase: No
Potential Short Sale: No
Other Structures Y/N: No
Income, Expenses & Fees
Auction: No
Office/Member Info
Buyers Agency Compensation: 2
Buyers Agency Compensation Type: %
Unit 1
SqFt: 1560
Bedrooms: 4
Baths: 4
Unit 2
SqFt: 1560
Bedrooms: 4
Baths: 4
Unit 3
SqFt: 1206
Bedrooms: 3
Baths: 3
Unit 4
SqFt: 1206
Bedrooms: 3
Baths: 3
Property Features
SqFt Source: Builder/Owner; Hired Measurement
Roof: Metal
Exterior: Wood Siding
Foundation: Crawl Space; Slab
Garage/Parking: Other (Use Remarks)
Driveway: Other (Use Remarks)
Architectural Style: Duplex; Quadplex; Single Family Detached
New Owned/Pre-owned: Pre-Owned
Zoning: Conforming
Equipment/Appliances: Ceiling Fan; Dishwasher; Dryer; Electric Dryer Hookup; Electric Range; Microwave; Refrigerator; Washer; Washer Hookup
Cooling: Central Air
Heat: Forced Air
Amenities: Bus Line; Trash
Sale Includes: All Furniture; Building and Land
Tenant Pays: No Utilities
Proposed Financing: Cash; Conventional Loan
Possession: At Closing; Tenants Rights
Water/Sewer: Public Sewer; Public Water
Utility Suppliers: Charleston Water Service; Dominion Energy
Listing Office: Keller Williams Realty Charleston West Ashley
Last Updated: April - 15 - 2024
The listing broker’s offer of compensation is made to participants of the MLS where the listing is filed, as well as participants of MLSs via the Southeast MLS Alliance data share.
Properties marked with IDX logo are provided courtesy of Charleston Trident Multiple Listing Service, Inc.
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