62 1/2 Cannon Street, Charleston, SC 29403 (MLS# 24012421)


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62 1/2 Cannon Street, Charleston, SC 29403

$1,850,000
Property Type: MultiFamily Square Footage: 3,450 Lot Size (sq. ft.): 4,356 Status: Closed
Current Price: $2,390,000 List Date: 5/16/2024 Last Modified: 6/22/2024

Description

Excellent investment opportunity in legal STR district! Large duplex located in the heart of Charleston's highly sought-after Cannonborough Neighborhood, in the short term rental (STR) overlay district, 62 ½ Cannon Street offers a perfect opportunity for investors or homeowners seeking an income producing property. Situated within walking distance of King Street shopping, neighborhood coffee shops, bars and restaurants, this 1880's multi-family home is ideal for enjoying the best that Charleston has to offer. In 2015, the home underwent a complete renovation with a legally permitted 1100 square foot addition bringing the total to 3450 square feet. It contains six bedrooms, six full bathrooms, four full gas range kitchens with full size refrigerators, and 3 washer/dryer hookups.

Supplements: Custom cabinetry and decorative elements are crafted from salvage material from the renovation, making for a one-of-a-kind look throughout all parts of the building. The front part is the larger historic section of the house featuring exposed brick chimneys, high ceilings and original heart pine floors. On the lower level you can enjoy a wide front porch facing the street with a view of the famous Sugar Bakeshop. From under the painted transom window and original front door with original doorbell hardware you will find a washer/dryer space, a huge front bedroom to one side and an expansive open-plan kitchen and living room. Two bathrooms with unique hand-picked marble and old-growth lumber complete the aesthetic. Upstairs features the same attention to detail. All hardware is either painstakingly restored or carefully replaced with period reproductions. Beautiful modern bathrooms will offer a comfortable a luxurious experience, while new appliances will make cooking and cleaning enjoyable. As with downstairs, there is a substantial one-bedroom apartment and this one includes an artistically preserved claw-foot tub from the original house that acts as a shower and bath. The back porch is ideal for a hammock, and with the wraparound balcony, the front porch is ideal for a relaxing evening in a secluded private space. One of the gems of this house is the third-story sunroom and full floor size roof deck in the 2015 addition, singular among houses of this area. This versatile space can be used for entertaining, everyday coffee or sunbathing. The lot has the ability to accommodate three rows of two cars for a total of six off-street parking spaces, which is almost unheard of in this neighborhood.

More Information MLS# 24012421

Contract Info

Primary Structure List Price/SqFt: 692.75 MLS List Date: 2024-05-16 Status: Closed List Price: $2,390,000 Current Price: $1,850,000

Location, Tax & Legal

Legal Description: 62 CANNON Tax Map #: 4600803037 Street #: 62 1/2 Street Name: Cannon 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: King st to Cannon st home on right

General Property Info

Potential Short Sale: No Other Structures Y/N: No Number of Units: 2 Primary Structure Apx SqFt: 3450 Year Built: 1885 Acreage: 0.1

Income, Expenses & Fees

Auction: No

Status Change Info

Sold Price/SqFt: 536.23 New Mortgage Type: Cash Sold Date: 2024-06-21

SqFt Source

Tax Records: 1

Unit 1

SqFt: 1725 Baths: 3

Unit 2

SqFt: 1750 Baths: 3

Roof

Asphalt Shingle: 1

Exterior

Wood Siding: 1

Foundation

Crawl Space: 1

Zoning

Conforming: 1

Garage/Parking

Other (Use Remarks): 1

Driveway

Gravel: 1

Architectural Style

Duplex: 1

New Owned/Pre-owned

Pre-Owned: 1

Equipment/Appliances

Electric Dryer Hookup: 1 Gas Range: 1

Cooling

Central Air: 1

Heat

Heat Pump: 1

Sale Includes

Building Only: 1

Proposed Financing

Any: 1

Tenant Pays

All Utilities: 1

Possession

At Closing: 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: Central Air Heat: Heat Pump Sale Includes: Building Only Tenant Pays: All Utilities Proposed Financing: Any Possession: At Closing Utility Suppliers: Charleston Water Service; Dominion Energy
Listing Office: Hayden Jennings Properties
IDX
Last Updated: June - 22 - 2024
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.


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