47 Spring Street 47 A&B, 47.5 A&B, 49 A&B, Charleston, SC 29403 (MLS# 20033071)

47 Spring Street 47 A&B, 47.5 A&B, 49 A&B, Charleston, SC 29403

$4,250,000
Property Type: MultiFamily Square Footage: 7,194 Lot Size (sq. ft.): 23,522 Status: Closed
Current Price: $4,250,000 List Date: 2/25/2021 Last Modified: 8/09/2023

Overview

Description

Portfolio of three identical properties (47, 47.5, 49 Spring) which are legally zoned and permitted for Short Term Rentals. Renovated in 2019, these beautiful buildings each have a commercial space on the first floor and a 3 bed 2.5 bathroom STR available on the second and third floor. These are some of the highest performing properties on the Peninsula with double digit gains annually! With private off street parking for 7 cars, short term rental furniture included in the sale, and only a block from King Street, this is an investor’s dream! Interior images are of 47.5 Spring, buildings are nearly identical. Properties may be purchased individually, or as a package of 2. Pkg of 2 See MLS 20022875, For individual listings: see MLS 20033080, 20033081, 20033085. Bedroom Layout as follows:

Supplements: King in Master, Queen in bedroom adjacent Master, Queen & bunk bed w/ two singles, Queen Pullout Couch on 3rd floor.

Listing Details MLS# 20033071

Location, Tax & Legal

Tax Map #
4600804114
Street #
47
Street Name
Spring
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
Corner Of Spring and St Phillips
Unit #
47 A&B, 47.5 A&B, 49 A&B
Legal Description
BLOCK BLDG B LOT UNIT A 47 Spring A&B, 47.5 Spring A&B, 49 Spring A&B

Contract Info

MLS List Date
2020-12-15
Primary Structure List Price/SqFt
667.08

General Property Info

Number of Units
6
# Stories
3
Ground Level
No
Primary Structure Apx SqFt
7194
Year Built
2009
Acreage
0.54
Lease Purchase
No
Potential Short Sale
No

Income Expenses Fees

Annual Expenses
38603.25
Net Income
466690.26

Status Change Info

Sold Date
2021-05-03
Sold Price/SqFt
590.77
New Mortgage Type
Conventional

Unit 1

SqFt
580

More Information

Unit 2

SqFt
1818

Unit 3

SqFt
580

Unit 4

SqFt
1818

Unit 5

SqFt
580

Unit 6

SqFt
1818

Income, Expenses & Fees

Gross Income
505293.51
Auction
No

SqFt Source

Tax Records
Yes

Exterior

Wood Siding
Yes

Foundation

Slab
Yes

Zoning

Conforming
Yes

Garage/Parking

1 Car
Yes
2 Car
Yes
Other (Use Remarks)
Yes

Driveway

Concrete
Yes

Architectural Style

Duplex
Yes
More than 4
Yes
Quadplex
Yes
Single Family Detached
Yes
Triplex
Yes

New Owned/Pre-owned

Pre-Owned
Yes

Equipment/Appliances

Ceiling Fan
Yes
Dishwasher
Yes
Dryer
Yes
Electric Cooktop
Yes
Fire Sprinkler
Yes
Microwave
Yes
Refrigerator
Yes
Stacked Washer/Dryer
Yes
Washer Hookup
Yes

Cooling

Central Air
Yes

Heat

Heat Pump
Yes

Amenities

Cable TV
Yes
Trash
Yes

Sale Includes

All Furniture
Yes
Building and Land
Yes

Proposed Financing

Cash
Yes
Conventional Loan
Yes
Exchange
Yes

Possession

At Closing
Yes
Tenants Rights
Yes

Water/Sewer

Public Sewer
Yes
Public Water
Yes

Property Features

SqFt Source: Tax Records Exterior: Wood Siding Foundation: Slab Driveway: Concrete Architectural Style: Duplex; More than 4; Quadplex; Single Family Detached; Triplex Zoning: Conforming Cooling: Central Air Heat: Heat Pump Amenities: Cable TV; Trash Sale Includes: All Furniture; Building and Land Proposed Financing: Cash; Conventional Loan; Exchange Possession: At Closing; Tenants Rights
Listing Office: Keller Williams Realty Charleston West Ashley
IDX
Last Updated: August – 09 – 2023
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