NOT LISTED FOR SALE

47 Spring St Unit 47 A&B, 47.5 A&B, 49 Charleston, SC 29403

Cannonborough-Elliotborough Neighborhood
9 Beds
-- Bath
7,194 Sq Ft
0.54 Acres

Last Sold May 03, 2021

Last sale price $4,250,000 $591 Per Sq Ft

78 Days on Market

Highlights

  • 0.54 Acre Lot
  • Central Air
  • Wood Siding
  • Furnished
  • Ceiling Fan
  • Stacked Washer and Dryer

About This Home

As of May 2021

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:King in Master, Queen in bedroom adjacent Master, Queen & bunk bed w/ two singles, Queen Pullout Couch on 3rd floor.

Last Listed By

Jonathan Holt

Keller Williams Realty Charleston West Ashley License #46092 Listed on: 12/15/2020

Keller Williams Realty Charleston West Ashley

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2009

Lot Details

  • 0.54 Acre Lot

Parking

  • 3 Car Garage
  • Open Parking

Home Design

  • Duplex
  • Slab Foundation
  • Wood Siding

Interior Spaces

  • 9 Bedrooms
  • 7,194 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Ceiling Fan
  • Fire Sprinkler System
  • Dishwasher
  • Stacked Washer and Dryer

Schools

  • Mitchell Elementary School
  • Simmons Pinckney Middle School
  • Burke High School

Utilities

  • Central Air
  • Heat Pump System

Community Details

Overview

  • 6 Units
  • Cannonborough Elliotborough Subdivision

Building Details

  • Operating Expense $38,603
  • Gross Income $505,294
  • Net Operating Income $466,690

Property Details

Home Type

Multi-Family

Year Built

Built in 2009

Lot Details

0

Parking

3

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 2009
  • Lot Size Acres: 0.54
  • Inclusions: All Furniture
  • Subdivision Name: Cannonborough-Elliotborough
  • Directions: Corner Of Spring And St Phillips
  • Garage Yn: No
  • New Construction: No
  • Building Stories: 3
  • Structure Type: Duplex, More than 4, Quadruplex, Single Family Detached, Triplex
  • ResoBuildingAreaSource: Assessor
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Appliances: Dishwasher, Dryer, Refrigerator, Washer/Dryer Stacked
  • Total Bedrooms: 9
  • Interior Amenities: Ceiling Fan(s)

Exterior Features

  • Construction Type: Wood Siding
  • Foundation Details: Slab
  • Property Condition: Pre-Owned

Garage/Parking

  • Covered Parking Spaces: 3
  • Garage Spaces: 3
  • Open Parking: Yes
  • Parking Features: 1 Car, 2 Car, Other (Use Remarks)
  • Total Parking Spaces: 3

Utilities

  • Cooling: Central Air
  • Security: Fire Sprinkler System
  • Cooling Y N: Yes
  • Heating: Heat Pump
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Schools

  • Elementary School: Mitchell
  • High School: Burke
  • Middle Or Junior School: Simmons Pinckney

Lot Info

  • Lot Size Sq Ft: 23522.4
  • Zoning Description: Conforming
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Map Number: 4600804114

Multi Family

  • Number Of Units Total: 6
  • Annual Gross Income: 505293.51
  • Property Net Operating Income: 466690.26
  • Annual Operating Expense: 38603.25

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/03/2021 05/03/21 Sold $4,250,000 -- $591 / Sq Ft
Source: CHS Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jonathan Holt

    Seller's Agent in 2021

    Jonathan Holt

    Keller Williams Realty Charleston West Ashley

    (843) 367-8325

    25 in this area

    117 Total Sales

    Jonathan Holt
    Section Image

  • B

    Buyer's Agent in 2021

    Brian Zaks

    Riverland Realty

    (843) 200-3806

    7 in this area

    73 Total Sales

    Brian Zaks
    Section Image
  • Brad Chapman

    Buyer Co-Listing Agent in 2021

    Brad Chapman

    Riverland Realty

    (843) 860-0402

    5 in this area

    22 Total Sales

    Brad Chapman
    Section Image
See All Agents

Map

Source: CHS Regional MLS

MLS Number: 20033071

CHS Regional MLS

South Carolina Charleston County Charleston 29403 Cannonborough-Elliotborough

47 Spring St Unit 47 A&B, 47.5 A&B, 49, Charleston, SC

Homes for Sale in Charleston, SC

This home is located at 47 Spring St Unit 47 A&B, 47.5 A&B, 49, Charleston, SC 29403 since 15 December 2020. This property was built in 2009. 47 Spring St Unit 47 A&B, 47.5 A&B, 49 is a home located in Charleston County with nearby schools including Mitchell Elementary School, James Simons Elementary School, and Simmons Pinckney Middle.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

CHS Regional MLS The information is being provided by Charleston Trident MLS. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. © 2025 Charleston Trident MLS. All Rights Reserved

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