265 Coming St Charleston, SC 29403
Cannonborough-Elliotborough NeighborhoodEstimated payment $20,144/month
Highlights
- Guest House
- Wood Flooring
- Front Porch
- Traditional Architecture
- High Ceiling
- 2-minute walk to Elliotborough Park and Community Garden
About This Home
Welcome to 265 Coming Street, a rare, turnkey investment opportunity in the heart of Downtown Charleston, featuring two newly built, architecturally refined luxury residences with long-term, secured income already in place.Both homes are fully leased from 2024 through May 2027, generating $15,700 per month and $188,400 in annual gross income, with zero vacancy since construction. Unit A is leased at $7,600 per month and Unit B at $8,100 per month, and each lease includes built-in annual rent increases of $100 per bedroom. This escalated structure results in projected income of $16,500 per month and $198,000 annually for 2026, providing immediate cash flow with predictable growth. All tenants have renewed through the full multi-year lease period, offering exceptional income stability rarely found in Downtown Charleston. Constructed in 2024 by Old City Builders, one of Charleston's most respected high-end historic builders, the property blends enduring craftsmanship with modern efficiency. Designed to complement the surrounding historic fabric, both residences reflect a commitment to longevity, quality construction, and thoughtful architectural detail.
Interior designer, Studio Maman Interiors, brings a refined, architectural sensibility to both homes. Her curated material selections, balanced palette, and attention to scale elevate the interiors to a level more commonly associated with primary residences or luxury short-term rentalssetting these homes apart within the student rental market. Situated on an X Flood Zone lot (no flood insurance required), the property consists of two separate single-family detached structures, each rising three stories and offering dedicated off-street parking. Zoned DR-2F, the site benefits from efficient land use, modern systems, and long-term flexibility. Together, the residences total over 3,300 square feet and include eight bedrooms, seven full bathrooms, two half bathrooms, and four off-street parking spaces. Each home offers a thoughtfully designed layout that balances open living areas with private bedroom suites, creating a highly functional and durable living environment well-suited for long-term tenancy. 265 Coming Street represents a rare convergence of secure income, modern construction, architectural integrity, and design-forward execution. With long-term leases already in place through 2027, annual rent escalations, and a proven history of zero vacancy, this property offers a compelling opportunity for investors seeking a stabilized, low-maintenance asset in one of Charleston's most desirable urban corridors.
Home Details
Home Type
- Single Family
Year Built
- Built in 2023
Lot Details
- 4,792 Sq Ft Lot
- Elevated Lot
- Level Lot
Parking
- Off-Street Parking
Home Design
- Traditional Architecture
- Metal Roof
- Wood Siding
Interior Spaces
- 3,300 Sq Ft Home
- 3-Story Property
- High Ceiling
- Ceiling Fan
- Window Treatments
- Wood Flooring
- Crawl Space
- Stacked Washer and Dryer
Kitchen
- Eat-In Kitchen
- Gas Range
- Dishwasher
- Kitchen Island
Bedrooms and Bathrooms
- 8 Bedrooms
Schools
- Mitchell Elementary School
- James Simons Middle School
- Burke High School
Utilities
- Central Air
- Heat Pump System
Additional Features
- Front Porch
- Guest House
Community Details
- Elliotborough Subdivision
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/15/2025 12/15/25 | For Sale | $3,250,000 | -- | $985 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | -- | Rogers Christian L | |
| Quit Claim Deed | -- | None Listed On Document | |
| Deed | $1,800,000 | Cox Cipolla | |
| Deed | $1,800,000 | Cox Cipolla | |
| Deed | -- | None Available | |
| Deed Of Distribution | -- | None Available | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $2,090,406 | Purchase Money Mortgage | |
| Closed | $0 | Purchase Money Mortgage |
Source: CHS Regional MLS
MLS Number: 25032458
APN: 460-08-01-199
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