120 President Street Unit #A-D, Charleston, SC 29403


Property Description

Welcome to 120 President Street and the Cannonborogh-Elliottborough neighborhood; one of Charleston's premier communities! This 4-unit property is fully LICENSED and an entirely LEGAL SHORT TERM RENTAL. It is located in the overlay/zone of the city of Charleston where it is legal for NON-primary homeowners to STR their properties. This quadraplex boasts of all the requirements needed to meet these very strict guidelines and provide a new owner with a smooth transition when the property is transferred over at closing. This is such an amazing opportunity to invest in the Charleston area and in the hospitality industry. President Street will be conveyed FULLY FURNISHED, FULLY equipped AND FULLLY STOCKED to provide for all your guests' wants and needs. This QUAD is a perfect investment .. for a new owner to "set it and forget it" with a property management company or with an owner who self-manages. As you arrive at this wonderful property, be charmed by its historical presence and take notice of the side piazza and private driveway that grace the exterior of this property. As you enter the each unit, you will be impressed by the "Southern charm", lovely character and gorgeous decor. Throughout the units, you will find: wonderful character, interesting architectural features, beautiful hardwood floors, granite counter tops, tons of beautiful cabinetry, open floor plans, sunny and bright rooms filled with tons of natural light and ample storage space. Be impressed by the cozy living rooms, breakfast nooks, laundry closets and nicely-appointed kitchens, complete with: stainless appliances, large breakfast bars and pantry. This fabulous property also boasts of TONS of OPTIONS: rent as individual units, rent all units as package/as a whole (legal capacity is four, unrelated guests per unit, for a total of 16 guests) or profit on utilizing each unit as a condominium with a Horizontal Property Regime and Master deed already in place. Property boasts of: 4 parking leases that can be transferred, but are NOT required by the city to operate this STR, 5 water meters, 5 electric meters, 1 WIFI network and 1 DISH network. This is such a wonderful location for short term rental! The area is thriving and "booming" with great restaurants, neighborhood involvement, area revitalization, property renovations and new construction. Located less than 2 blocks from MUSC, and within walking/biking distance to Brittlebank Park, Joe Riley Stadium, Rainbow Row, King Street shopping and dining, and so many more fabulous restaurants, shops and entertainment, this location cannot be beat! This location also allows for a short commute to: The Citadel, MUSC, Marion Square, The College of Charleston, Roper St. Francis, Market Street, I-26, I-526, the T. Allen Legare bridge and the Arthur Ravenel Jr. bridge. EXPECT TO BE IMPRESSED by this fabulous investment opportunity!

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Listing courtesy of Carolina One Real Estate.