162 Spring Street A, B, C, D, & E, Charleston, SC 29403

$4,570,000

Property Type: MultiFamily Square Footage: 5,881 Lot Size (sq. ft.): 9,583 Status: Closed

Current Price: $4,570,000 List Date: 1/14/2022 Last Modified: 2/21/2025

Overview

Description

162 Spring is a fully operating short term rental and legally zoned in the short term rental overlay of Downtown Charleston. This property features 5 units in 3 separate buildings. The front building includes (2) 2BR/2BA apartments, and a fully leased NNN commercial space. The middle and back building are both 4BR/3BA homes built in 2018. In addition, this property has 7 off-street parking spaces. All furniture to convey.

Listing Details MLS# 22001048

Location, Tax & Legal

Tax Map #: 4601102089
Street #: 162
Street Name: Spring
Street Suffix: Street
County: Charleston
State: SC
Zip Code: 29403
Area: 51 – Peninsula Charleston Inside of Crosstown
Tax District: 99 – City of Charleston
Subdivision: Elliotborough
Elementary School: James Simons
Middle School: Simmons Pinckney
High School: Burke
Unit #: A, B, C, D, & E
Legal Description: 162 Spring

Contract Info

MLS List Date: 2022-01-14
Primary Structure List Price/SqFt: 841.69

General Property Info

Number of Units: 5
# Stories: 2
Primary Structure Apx SqFt: 5881
Year Built: 1880
Acreage: 0.22
Potential Short Sale: No

Status Change Info

Sold Date: 2022-04-15
Sold Price/SqFt: 777.08
New Mortgage Type: Conventional

Unit 1

SqFt: 390

Unit 2

SqFt: 950

More Information

Unit 3

SqFt: 1325

Unit 4

SqFt: 1608

Unit 5

SqFt: 1608

Income, Expenses & Fees

Gross Income: 451316.99

SqFt Source

Previous Listing: Yes

Roof

Metal: Yes

Exterior

Wood Siding: Yes

Foundation

Crawl Space: Yes

Garage/Parking

Other (Use Remarks): Yes

Driveway

Gravel: Yes

Architectural Style

More than 4: Yes

New Owned/Pre-owned

Pre-Owned: Yes

Proposed Financing

Any: Yes

Property Features

SqFt Source: Previous Listing Roof: Metal Exterior: Wood Siding Foundation: Crawl Space Driveway: Gravel Architectural Style: More than 4 Proposed Financing: Any

Listing Office: Boneworks LLC

Last Updated: February – 21 – 2025

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162 Spring Street A, B, C, D, & E, Charleston, SC 29403 (MLS# 22001048)