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
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