162 Spring Street A, B, C, D, E, Charleston, SC 29403
Cannonborough-Elliotborough · Charleston County
Key Facts
Description
On pace for over $400,000 in gross revenue! Introducing 162 Spring Street: a turnkey investment asset featuring twelve bedrooms, ten bathrooms, seven off-street parking spaces, and a triple-net-leased restaurant in the heart of Charleston's STR overlay. Approximately 5,881 square feet across three separate buildings. All furniture and fixtures included in the sale . The property transfers with a proven rental revenue history and a sitting commercial tenant.The front building includes two, 2BR/2BA STR-licensed condos positioned behind a fully leased NNN commercial space. (Three units total)The middle building is a 4BR/3BA single-family home built in 2018. The perfect house to own downtown, that doesn't come with the deferred maintenance of a 100 year old historic home.The last building on the property is another 4BR/3BA home of matching construction vintage, equally equipped for short-term rental performance. Cannonborough-Elliotborough is the most-watched submarket on the peninsula -- Michelin-starred operators (Vern's, Chez Nous), independent retail along Spring and Upper King, and a guest demographic that skews higher-income and longer-stay than the City Market tourist corridor. The opportunity to acquire four fully licensed and operating short-term-rentals PLUS a restaurant space is a rare find here in Charleston.
Property Information
Property Type
Residential Income
Sub-Type
Triplex
Structure Type
Triplex
Year Built
1880
Living Area
5,881 sq ft
Lot Size
0.22 acres
Days on Market
41
MLS® Listing#
26014816
Property Features
Interior
Appliances
Cooling
Heating
Construction
Roof
Security
Sewer
Water Source
Schools
- Elementary:
- James Simons
- Middle:
- Simmons Pinckney
- High:
- Burke
Affordability Calculator
$1,060,000
Estimated monthly payment
$28,209/mo
Principal $4,240,000 · Est. interest $5,915,177 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Charleston, SC
- $566,554
- Median Listing Price
- 61
- Median Days on Market
- 1,787
- Median Sq Ft
- $323
- Median Price / Sq Ft
- 1,229
- Active Listings
- This home’s price is 835% above the area median.
- Its price per sq ft is 179% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Charleston, SC.
Location
Points of Interest in Charleston, SC
Showing the Charleston area map.
Nearby Schools
Charleston Development Academy
School · 0.3 mi away
Simmons-Pinckney MS
Secondary · 0.4 mi away
Burke High
Secondary · 0.4 mi away
Julian Mitchell Elementary School
Elementary · 0.4 mi away
Mason Preparatory School
Secondary · 0.7 mi away
Charleston Progressive Academy
Elementary · 0.8 mi away
James Simons Montessori School
Elementary · 0.8 mi away
Shaw Community Center
School · 0.9 mi away
Charleston Charter School for Math & Science
Secondary · 1.0 mi away
Memminger Elementary School
Elementary · 1.0 mi away
CCSD Early College High School
School · 1.0 mi away
Buist Academy
School · 1.1 mi away
Harvest Time International
School · 1.1 mi away
Montessori Fountainhead School
Elementary · 1.1 mi away
Sanders-Clyde Elementary School
Elementary · 1.1 mi away
Charleston County School District
Elementary · 1.1 mi away
Charleston Day School
Secondary · 1.2 mi away
New Israel Christian School
School · 1.2 mi away
Meeting Street Academy
School · 1.2 mi away
Sundrops Montessori School - Palmetto Campus
Elementary · 1.2 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 162 Spring Street, Charleston, SC | $5,300,000 | 12 | 10 | 5,881 |
| 321 Ashley Avenue, Charleston, SC | $5,850,000 | 16 | 18 | 12,825 |
Moving Cost Estimate
EXIT Agents in Charleston
Listing Courtesy: Premier Realty
Presented by: Mason Wright - 8435093150