$4,250,000
47 Spring Street 47 A&B, 47.5 A&B, 49 A&B
Charleston, SC 29403
MLS# 20033071
Status: Closed
7194 sqft


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

Property 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:

Details
Contract Info
MLS List Date: 2020-12-15
Status: Closed
List Price: $4,799,000
Current Price: $4,250,000
Primary Structure List Price/SqFt: 667.08
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
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
Baths: 0.5
Unit 2
SqFt: 1818
Bedrooms: 3
Baths: 2.5
Unit 3
SqFt: 580
Baths: 0.5
Unit 4
SqFt: 1818
Bedrooms: 3
Baths: 2.5
Unit 5
SqFt: 580
Baths: 0.5
Unit 6
SqFt: 1818
Bedrooms: 3
Baths: 2.5
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
Supplements
King in Master, Queen in bedroom adjacent Master, Queen & bunk bed w/ two singles, Queen Pullout Couch on 3rd floor.

Listing Office: Keller Williams Realty Charleston West Ashley

Last Updated: August - 09 - 2023

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

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About Me

Josiah Williams was born and raised in the Holy City and loves everything the city has to offer. He believes Charleston has something to offer for everyone; whether you enjoy the outdoors, amazing cuisine or the deep history embedded within this great city.

Contact Info

Josiah Williams Real Estate

3103 Ion Avenue
Sullivan’s Island, SC 29482

Direct: 843.860.0858
Fax: 843.881.0824