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Charleston,SC 29401
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,976 sqft
Price per Sqft $1,176
Subdivision Downtown
MLS Listing ID 25009189
Year Built 1978
Lot Size 4,356 Sqft
Acres 0.1
Property Sub-Type Duplex
Property Description
Welcome to the R.C. Salas House located at 78 Society St. This unique property, with a history dating back to the 1880s, is located in the heart of downtown's commercial district. The building is situated along the bustling section of Society Street between Meeting Street and King Street, just a few blocks north of the Charleston Place Hotel. Thoughtfully designed for comfort and charm, this turnkey property features two separate units, ideal for investors looking to maximize rental revenue. Importantly, the property benefits from a rare BZAZ variance, which allows for the operation of two legal accommodation units on the property. This is a premier investment property, with a proven track record of short-term rental success on Airbnb and VRBO-(the current owner has operated the property as a self-managed short term rental operation for several years). In addition to two on-site (tandem) parking spaces, the property benefits from an off-site parking easement with the right to use two parking spaces in the adjacent property that are located immediately next to 78 Society St (there is no monthly cost for the use of these spaces and are available 24/7).
The downstairs unit sleeps 4 guests with 2 bedrooms and 2.5 bathrooms. The upstairs unit sleeps 8 guests with 3 bedrooms and 1.5 bathrooms. The entire home accommodates up to 12 guests with a total of 5 bedrooms, 3 full baths, and 2 half baths. This home features fully equipped kitchens on both levels, 7 fireplaces (not used by owner), charming, enclosed side porches, and a picturesque courtyard in the back. For a creative investor, the rear section of the property may offer an opportunity to expand the structure or build a supplemental building (buyer to study and verify).
Why You'll Love it!
- Turnkey: Ready for immediate rental income
-Prime Location: In the heart of downtown Charleston. One block from King Street, two blocks from Market Street, walking distance to fine dining and shopping!
-Strong Rental History: A high performing short-term rental with outstanding reviews.
-Versatile Investment: Rent as two separate units or as one large home. Property is also zoned General Commercial.
-X-500 flood zone (flood insurance not required by lenders).
Don't miss this rare opportunity to own a profitable, well-established investment property!
*The information herein is furnished to the best of the Listing Agent's knowledge, but is subject to verification by the purchaser and their agent. Listing Agent assumes no responsibility for correctness thereof, nor warrant the accuracy of the information or the condition of the property. If square footage is important - measure! Buyer to verify schools. *
Location
State SC
County Charleston
Area 51 - Peninsula Charleston Inside Of Crosstown
Interior
Heating Natural Gas
Cooling Central Air
Laundry Electric Dryer Hookup,Washer Hookup
Exterior
Garage Spaces 2.0
Utilities Available Charleston Water Service,Dominion Energy
Roof Type Metal
Total Parking Spaces 2
Building
Dwelling Type Duplex
Story 2
Foundation Basement,Crawl Space
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction No
Schools
Elementary Schools Memminger
Middle Schools Simmons Pinckney
High Schools Burke
Others
Financing Any,Cash,Conventional