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!
Listing Date: 09-12-2020
Sold Date: 05-04-2021
Aprox Days on Market: 
7 month(s), 21 day(s)
Listing Sold: 
3 Year(s), 17 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
Grazing Permits Forest Service: Yes
Grazing Permits Private: Yes
Grazing Permits Blm: Yes
Horse: No
Farm Credit Service Incl: Yes
Community Features: Bus Line
Year Built: 1920
Rent Control: No
Pool Private: No
Gar Pkg: Other (Use Remarks)
Garage: No
Attached Garage: No
Interior Features: Ceiling Fan(s)
Fireplace: No
Laundry Features: Dryer Connection
Lot Size: 0.09
Lot Size Units: Acres
Acres: 0.09
Lot Sqft: 3920.399999
Irrigation Water Rights: Yes
Mobile Home Remains: Yes
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
Beds: 8
Sold Date: 2021-05-04T00:00:00
Lease Renewal Option: Yes
Lease Considered: Yes
Lease Assignable: Yes
Unit Sqft: 743
Unit Sqft: 748
Unit Sqft: 763
Unit Sqft: 710
Sqft: 3788
Number of Units Total: 4
Unit: A-D
Unit Bedrooms: 2
Unit Bedrooms: 2
Unit Bedrooms: 2
Unit Bedrooms: 2
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: No
Courtesy of listing office Carolina One Real Estate - 843-779-8660