$1,225,000
$1,280,000
4.3%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 07/27/2020
Key Details
Sold Price $1,225,000
Property Type Commercial
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 30609761
Sold Date 07/27/20
Year Built 1880
Property Sub-Type Multi Family
Property Description
Excellent opportunity to purchase two 3 bedroom/2.5 bath single-family detached short-term rental dwellings (Indigo Manor & Indigo Mews) on one lot in the heart of Elliotborough and just steps from Upper King St. The front structure was renovated from the studs out in 2018-2019 and features all new HVAC, framing, plumbing, roof, and electrical system. The rear structure is new construction and was completed in 2019. Both units have been professionally & tastefully decorated and are being sold fully-furnished to include all appliances, fixtures, window treatments, and furnishings. The property is ideal for investors interested in short-term renting both dwellings ($140-$160k+ income potential) or for an owner-occupant interested in occupying one structure while short-term renting the other. The property is zoned General Business in the desirable Short-Term Overlay and is fully permitted for short-term rental use with professional STR management currently in place that can transfer with the sale. Numerous shopping/dining destinations on Upper King Street are within short walking/biking distance as well as MUSC and the College of Charleston. Current & projected income/expense information available by request
Location
State SC
County Charleston
Zoning City of Charleston - GB - General Business
Others
Acceptable Financing Cash
Listing Terms Cash
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