$2,150,000 SALE
82 Spring Street
Charleston, SC 29403

This beautifully restored, Carolopolis award winning circa 1901 Queen Ann Victorian has not been for sale in over two decades. The property is zoned Commercial (LB) Limited Business and is located within the STR/Short Term Rental Accommodations Overlay Zone and has an STR approval in hand. This is a unique investment opportunity to generate income, or owner occupy a portion and lease out the remaining for income. This property offers 4 Units with a total of 7 Bedrooms including 1 bonus room as a additional bedroom or office and 5 bathrooms. Sleeps 14 plus with a total of 4 units ..there are 2 units on the first floor and 1 unit on the second floor and 1 Detached Cottage on site. Each unit having their own private and separate access entrances and some off street parking and Washer and Dryer features. Unit A - on the first floor has 2 bedrooms and 2 bathrooms Unit B - on the second floor has 2 bedrooms, and 1 bathroom w/ a small bonus room currently being used as a large walk in closet which has been permitted as a 3rd bedroom in the STR license. There is no unit C. Unit D - is a Detached Cottage built in 2004 with 1 bedroom and 1 bath and kitchen and off street parking and private landscaped garden courtyard with carolopolis award. Unit E - Studio apartment with kitchenette and 1 full bath with private wooden deck and little yard area. Named the "Arthur T. Simmons House", it features a two-story tiered wrap around porch with an elaborate spool frieze, jigsaw cut bracket panels, turned balusters and Eastlake derived columns. The front façade is distinguished by a two-story bay with unusual rounded corners and imbricated shingles. Step off the porch into the beautifully manicured and professionally landscaped gardens. The wrought iron fence is original and the iron porch railings were crafted by blacksmith Mr. Simmons. The interior features, eleven-foot ceilings, original woodwork throughout, heart pine floors, mahogany and tiger oak mantels, Eastlake brass door hardware and detailed wood craftsmanship. Included are 2 tandem parking spaces in the driveway with potentially 3 more added parking spots in the seller's adjacent lot with deeded access rights to convey to buyer. Standing seam metal roof. The exterior of this property was freshly painted in 2018. Most interior units were freshly painted in 2018. All wiring and plumbing have been updated. New tankless water heaters. 4 electric and 4 water meters. And a bonus small detached storage building with plumbing and electricity that can be used for an Artroom, Workshop, Workout room, She shed or Hobby room or Laundry room. This commercial zoned space can be used for a variety of businesses including STR Short Term Rentals providing the new owner with endless capabilities. Don't miss this opportunity to be in the legal Short term or long term rental district. All units are tenant occupied and 24 notice and Listing Agent must be present for all showings.

Property Type Multi-Family
Style Multi Family - 2-4 Units
Area Demographics