Bought with The Exchange Company, LLC
$2,315,000
$2,590,000
10.6%For more information regarding the value of a property, please contact us for a free consultation.
183 St Philip St Charleston, SC 29403
6 Beds
2,268 SqFt
Key Details
Sold Price $2,315,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 2,268 sqft
Price per Sqft $1,020
Subdivision Cannonborough-Elliotborough
MLS Listing ID 23023569
Sold Date 01/18/24
Bedrooms 6
Year Built 1852
Lot Size 1,742 Sqft
Acres 0.04
Property Description
PRE-CONSTRUCTION OPPORTUNITY! FULLY LICENSED STR UNDER CONSTRUCTION WITH JANUARY 2024 COMPLETION! Traditional Charleston meets modern design is what you will find in this newly refined property by Cozy Development. Renewed to the highest quality, this property will undergo a major renovation that boasts luxury finishes in this duplex. IDEAL LOCATION Appointed within the short-term rental district; you'll be located within one quintessential neighborhoods of Charleston with the conveniences that are highly sought after with the possibility of operating as a licensed, unencumbered short term rental. If you're looking for walkability to some of the best restaurants and cafes, you will be within a five-minute walk of upper King Street, the epicenter ofnightlife in Charleston.You'll have easy access to places like Prohibition, Bourbon N' Bubbles, Felix, Uptown Social and so many more restaurants, making it highly desirable for STR guests.
PROPERTY WILL BE EXTENSIVELY RENOVATED, FURNISHED, TURNKEY The property features two units, both with identical floor plans. Each unit features three bedrooms with three full bathrooms to accommodate your guests. The kitchen is the focal point of every home, which is why the kitchen boasts upgraded appliances, custom cabinets, and quartz/quartzite countertops with luxury hand molded backsplash and open shelving. Other features throughout the unit include walk in tiled showers with an illuminated shower niche and wood floors throughout. Outside you'll enjoy two piazzas, perfect for a picturesque Charleston evening. The stone paver patio is another eye catching space that can be created as a gathering area for your guests that just adds to the efficiency this home offers. This property is modern and virtually maintenance free!
HIGH CASHFLOW PROPERTY Although the property was previously fully licensed and operating, comparable data suggests gross short term rental revenue could exceed $220,000 yearly with the property being freshly renovated with a reworked floor plan. All photographs of the renderings are illustrative and final finishes and/or colors are subject to change. Looking for projections? Financial projections have been completed by a third party company and are available.
LOOKING FOR MULTIPLE SHORT TERM RENTALS (STRS)? 183 Saint Philip Street (23023569) and 23 Cannon Street (23020724) are unique due to sharing property lines. Both units can be purchased together for $4,499,000.00
Location
State SC
County Charleston
Area 51 - Peninsula Charleston Inside Of Crosstown
Interior
Heating Heat Pump
Cooling Central Air
Exterior
Utilities Available Charleston Water Service, Dominion Energy
Roof Type Metal
Building
Story 1
Foundation Crawl Space
Sewer Public Sewer
Water Public
New Construction No
Schools
Elementary Schools Memminger
Middle Schools Simmons Pinckney
High Schools Burke
Others
Financing Cash,Conventional
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