$1,595,000 | 8 beds | N/A full baths | N/A half baths | 3,788 sqft

$1,550,000
120 President Street UNIT A-D
Charleston, SC 29403
  • 8Beds
  • N/AFull Baths
  • N/AHalf Baths
  • 3,788SqFt
  • 1920Year Built
  • 0.09Acres
  • MLS# 20025346
  • Multi Family
  • Sold


Overview

Welcome to 120 President Street and the Cannonborogh-Elliottborough neighborhood; one of Charleston's premier communities! This 4-unit property is fully LICENSED and an entirely LEGAL SHORT TERM RENTAL. It is located in the overlay/zone of the city of Charleston where it is legal for NON-primary homeowners to STR their properties. This quadraplex boasts of all the requirements needed to meet these very strict guidelines and provide a new owner with a smooth transition when the property is transferred over at closing. This is such an amazing opportunity to invest in the Charleston area and in the hospitality industry. President Street will be conveyed FULLY FURNISHED, FULLY equipped AND FULLLY STOCKED to provide for all your guests' wants and needs. This QUAD is a perfect investment ..for a new owner to ""set it and forget it"" with a property management company or with an owner who self-manages. As you arrive at this wonderful property, be charmed by its historical presence and take notice of the side piazza and private driveway that grace the exterior of this property. As you enter the each unit, you will be impressed by the ""Southern charm"", lovely character and gorgeous decor. Throughout the units, you will find: wonderful character, interesting architectural features, beautiful hardwood floors, granite counter tops, tons of beautiful cabinetry, open floor plans, sunny and bright rooms filled with tons of natural light and ample storage space. Be impressed by the cozy living rooms, breakfast nooks, laundry closets and nicely-appointed kitchens, complete with: stainless appliances, large breakfast bars and pantry. This fabulous property also boasts of TONS of OPTIONS: rent as individual units, rent all units as package/as a whole (legal capacity is four, unrelated guests per unit, for a total of 16 guests) or profit on utilizing each unit as a condominium with a Horizontal Property Regime and Master deed already in place. Property boasts of: 4 parking leases that can be transferred, but are NOT required by the city to operate this STR, 5 water meters, 5 electric meters, 1 WIFI network and 1 DISH network. This is such a wonderful location for short term rental! The area is thriving and ""booming"" with great restaurants, neighborhood involvement, area revitalization, property renovations and new construction. Located less than 2 blocks from MUSC, and within walking/biking distance to Brittlebank Park, Joe Riley Stadium, Rainbow Row, King Street shopping and dining, and so many more fabulous restaurants, shops and entertainment, this location cannot be beat! This location also allows for a short commute to: The Citadel, MUSC, Marion Square, The College of Charleston, Roper St. Francis, Market Street, I-26, I-526, the T. Allen Legare bridge and the Arthur Ravenel Jr. bridge. EXPECT TO BE IMPRESSED by this fabulous investment opportunity!


Sale Info

Listing Date: 09-12-2020

Sold Date: 05-04-2021

Aprox Days on Market: 
    7 month(s), 21 day(s)

Listing Sold: 
   2 Year(s), 11 month(s), 22 day(s) ago

Original Asking Price: $1,595,000

Asking Price: $1,595,000

Selling Price: $1,550,000

Price Difference From Original: 
Reduced By $45,000

Price Difference From Asking: 
Reduced By $45,000

Agriculture / Farm

Grazing Permits Forest Service:  Yes

Grazing Permits Private:  Yes

Grazing Permits Blm:  Yes

Horse:  No

Farm Credit Service Incl:  Yes

Association Fees / Info

Community Features:  Bus Line

Bathroom Info

Building Info

Year Built:  1920

Business Info

Rent Control:  No

Buyer Compensation

Exterior Features

Pool Private:  No

Garage / Parking

Gar Pkg:  Other (Use Remarks)

Garage:  No

Attached Garage:  No

Interior Features

Interior Features:  Ceiling Fan(s)

Fireplace:  No

Laundry Features:  Dryer Connection

Lot Info

Lot Size:  0.09

Lot Size Units:  Acres

Acres:  0.09

Lot Sqft:  3920.399999

Irrigation Water Rights:  Yes

Offer Compensation

Other

Mobile Home Remains:  Yes

Property Info

Property Type:  B

Stories:  2

Foundation:  Crawl Space

Exterior:  Wood Siding

New Construction:  No

Building Area Units:  Square Feet

Entry Location:  Ground Level

View:  No

Home Warranty:  Yes

Habitable Residence:  Yes

Structure Type:  Quadruplex

Room Info

Beds:  8

Sale / Lease Info

Sold Date:  2021-05-04T00:00:00

Lease Renewal Option:  Yes

Lease Considered:  Yes

Lease Assignable:  Yes

Sqft Info

Unit Sqft:  743

Unit Sqft:  748

Unit Sqft:  763

Unit Sqft:  710

Sqft:  3788

Unit Info

Number of Units Total:  4

Unit:  A-D

Unit Bedrooms:  2

Unit Bedrooms:  2

Unit Bedrooms:  2

Unit Bedrooms:  2

Utilities / Hvac

Water Source:  Public

Utilities:  Charleston Water Service, Dominion Energy

Heating:  Yes

Heat:  Electric, Heat Pump

Water Sewer:  Public Sewer

Cooling:  Central Air

Cooling:  Yes

Waterfront / Water

Waterfront:  No

Schools

Elem:  Mitchell

Middle:  Simmons Pinckney

High:  Burke

Directions

Crosstown To Rutledge Ave. Exit Toward Downtown. Right Onto Spring St. Left Onto President St. Property Is The 2nd Property On The Left.

Courtesy of listing office Carolina One Real Estate  - 843-779-8660

Mortgage Calculator

%
$
%
Dollars per $1000
$
Approximate Monthly Payment 0.0
On natwallen.com since Sat, Sep 12th 2020
No Property History recorded for this listing.
Residential, Land, Other Disclaimer:

Broker Reciprocity The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Charleston Trident Multiple Listing Service. Real estate listings held by brokerage firms other than EXP Realty LLC are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Last updated on 04-26-2024 11:05 PM EST . The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Copyright 2024 Charleston Trident Multiple Listing Service, Inc. All rights reserved.
Commercial Sale/Lease: Copyright 2024 South Carolina commercial MLS, Inc. All rights reserved. Last updated on 04-26-2024 11:05 PM EST est.

Any images related to data from the MLS is the sole property of the MLS and not the responsibility of the owner of this website.


This real estate website and IDX data is hosted by Dynamic IDX, LLC (843.637.2411)

843-779-8660

More details on this property please!
Contact Information
Great! What type of showing?
If virtual, what works best?
Do you already have an agent?
Are you pre-approved?
What day are you thinking?
Want to add a note?

Nat Wallen’s Charleston videos attract more customers.


Sell your home with the market leader.

Hey there, thanks for reaching out!
Are schools important to you?
When do you need us?
Your general price point?
Don’t worry... this is not set in stone :)
Want to add a note?
EXPLORE CHARLESTON ON YOUR OWN
Call: 843.708.4488
Hey there, thanks for reaching out!
Are schools important to you?
When do you need us?
Your general price point?
Don’t worry... this is not set in stone :)
Want to add a note?
EXPLORE CHARLESTON ON YOUR OWN
Call: 843-990-1313
Hey there, thanks for reaching out!
Are schools important to you?
When do you need us?
Your general price point?
Don’t worry... this is not set in stone :)
Want to add a note?
EXPLORE CHARLESTON ON YOUR OWN
Call: 914.771.1490
Hey there, thanks for reaching out!
Are schools important to you?
When do you need us?
Your general price point?
Don’t worry... this is not set in stone :)
Want to add a note?
EXPLORE CHARLESTON ON YOUR OWN
Call: 843.300.7021