$1,850,000
Charleston, SC 29403
MLS# 24012421
Status: Closed
3450 sqft
1 / 39
Property Description
Excellent investment opportunity in legal STR district! Large duplex located in the heart of Charleston's highly sought-after Cannonborough Neighborhood, in the short term rental (STR) overlay district, 62 ½ Cannon Street offers a perfect opportunity for investors or homeowners seeking an income producing property. Situated within walking distance of King Street shopping, neighborhood coffee shops, bars and restaurants, this 1880's multi-family home is ideal for enjoying the best that Charleston has to offer. In 2015, the home underwent a complete renovation with a legally permitted 1100 square foot addition bringing the total to 3450 square feet. It contains six bedrooms, six full bathrooms, four full gas range kitchens with full size refrigerators, and 3 washer/dryer hookups.
Details
Contract Info
MLS List Date: 2024-05-16
Status: Closed
List Price: $2,390,000
Current Price: $1,850,000
Primary Structure List Price/SqFt: 692.75
Location Tax Legal
Tax Map #: 4600803037
Street #: 62 1/2
Street Name: Cannon
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: King st to Cannon st home on right
General Property Info
Number of Units: 2
Total Apx SqFt: 3450
Year Built: 1885
Acreage: 0.1
Potential Short Sale: No
Other Structures Y/N: No
Status Change Info
Sold Date: 2024-06-21
Sold Price/SqFt: 536.23
New Mortgage Type: Cash
Unit 1
SqFt: 1725
Baths: 3
Unit 2
SqFt: 1750
Baths: 3
Property Features
SqFt Source: Tax Records
Roof: Asphalt Shingle
Exterior: Wood Siding
Foundation: Crawl Space
Driveway: Gravel
Architectural Style: Duplex
Zoning: Conforming
Cooling: Central Air
Heat: Heat Pump
Sale Includes: Building Only
Tenant Pays: All Utilities
Proposed Financing: Any
Possession: At Closing
Utility Suppliers: Charleston Water Service; Dominion Energy
Supplements
Custom cabinetry and decorative elements are crafted from salvage material from the renovation, making for a one-of-a-kind look throughout all parts of the building.
The front part is the larger historic section of the house featuring exposed brick chimneys, high ceilings and original heart pine floors. On the lower level you can enjoy a wide front porch facing the street with a view of the famous Sugar Bakeshop. From under the painted transom window and original front door with original doorbell hardware you will find a washer/dryer space, a huge front bedroom to one side and an expansive open-plan kitchen and living room.
Two bathrooms with unique hand-picked marble and old-growth lumber complete the aesthetic. Upstairs features the same attention to detail. All hardware is either painstakingly restored or carefully replaced with period reproductions. Beautiful modern bathrooms will offer a comfortable a luxurious experience, while new appliances will make cooking and cleaning enjoyable.
As with downstairs, there is a substantial one-bedroom apartment and this one includes an artistically preserved claw-foot tub from the original house that acts as a shower and bath. The back porch is ideal for a hammock, and with the wraparound balcony, the front porch is ideal for a relaxing evening in a secluded private space.
One of the gems of this house is the third-story sunroom and full floor size roof deck in the 2015 addition, singular among houses of this area. This versatile space can be used for entertaining, everyday coffee or sunbathing.
The lot has the ability to accommodate three rows of two cars for a total of six off-street parking spaces, which is almost unheard of in this neighborhood.
Listing Office: Hayden Jennings Properties
Last Updated: June - 22 - 2024
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