MLS# 23006050 | 25 Cannon Street Charleston SC | Cannonborough-Elliotborough subdivision
843-225-7007
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Charleston, SC 29403
- 4Beds
- N/AFull Baths
- N/AHalf Baths
- 1,344SqFt
- 1900Year Built
- 0.04Acres
- MLS# 23006050
- Multi Family
- Sold
- Approx Time on Market2 months, 23 days
- AreaHistoric Charleston
- CountyCharleston
- SubdivisionCannonborough-Elliotborough
Overview
FULLY LICENSED STR IN OPERATION! Traditional Charleston meets modern design is what you will find in this newly refined property by Cozy Development. Renewed to the highest quality, this property has undergone a studs out renovation that boasts luxury finishes with two separate dwelling units. IDEAL LOCATION Appointed within the short-term rental district; you'll be located within one quintessential neighborhoods of Charleston with the conveniences that are highly sought after with the possibility of operating as a licensed, unencumbered short term rental. If you're looking for walkability to some of the best restaurants and cafes, you will be within a five-minute walk of upper King Street, the epicenter of nightlife in Charleston.You'll have easy access to places like Prohibition, Bourbon N' Bubbles, Felix, Uptown Social and so many more restaurants, making it highly desirable for STR guests. ((FULLY RENOVATED, FURNISHED, TURNKEY (Each of the units feature two full bedrooms and two full bathrooms which have been fully renovated with similar finishes throughout. The kitchen in each unit is the focal point of every home, which is why each kitchen is dressed in gold finishes and boasts upgraded stainless steel appliances, custom shaker cabinets with a farmhouse sink, and quartz/quartzite countertops with luxury hand molded backsplash and open shelving. Other features throughout the units included walk in herringbone pattern tiled shower with an illuminated shower niche, wood floors throughout. Finally, the rear of the property has been reimagined with a paver patio, modern fencing with mounted lighting, caf lighting, and turf. This property is modern and virtually maintenance free!((HIGH CASHFLOW PROPERTY(Although the property is newly licensed and just began operating as a short-term rental, comparable data suggests gross short term rental revenue could be up to $225,000 yearly.
Sale Info
Listing Date: 03-19-2023
Sold Date: 06-12-2023
Aprox Days on Market: 
2 month(s), 23 day(s)
Listing Sold: 
10 month(s), 17 day(s) ago
Original Asking Price: $1,750,000
Asking Price: $1,750,000
Selling Price: $1,600,000
Price Difference From Original:
Reduced By $150,000
Price Difference From Asking:
Reduced By $150,000
Agriculture / Farm
Grazing Permits Forest Service: Yes
Grazing Permits Private: Yes
Grazing Permits Blm: Yes
Horse: No
Farm Credit Service Incl: Yes
Association Fees / Info
Bathroom Info
Building Info
Year Built: 1900
Business Info
Rent Control: No
Buyer Compensation
Exterior Features
Pool Private: No
Garage / Parking
Gar Pkg: 1 Car, Other (Use Remarks)
Garage: No
Attached Garage: No
Interior Features
Interior Features: Ceiling Fan(s)
Fireplace: No
Lot Info
Lot Size: 0.04
Lot Size Units: Acres
Acres: 0.04
Lot Sqft: 1742.4
Irrigation Water Rights: Yes
Offer Compensation
Other
Mobile Home Remains: Yes
Property Info
Property Type: B
Stories: 2
Foundation: Crawl Space
Exterior: Wood Siding
New Construction: No
Roof: Metal
Property Subtype: None
Building Area Units: Square Feet
View: No
Home Warranty: Yes
Habitable Residence: Yes
Structure Type: Duplex
Room Info
Beds: 4
Sale / Lease Info
Sold Date: 2023-06-12T00:00:00
Lease Renewal Option: Yes
Lease Considered: Yes
Lease Assignable: Yes
Sqft Info
Unit Sqft: 672
Unit Sqft: 672
Sqft: 1344
Unit Info
Number of Units Total: 2
Unit Bedrooms: 2
Unit Bedrooms: 2
Utilities / Hvac
Water Source: Public
Utilities: Charleston Water Service, Dominion Energy
Heating: Yes
Heat: Heat Pump
Water Sewer: Public Sewer
Cooling: Central Air, Other
Cooling: Yes
Waterfront / Water
Waterfront: No
Directions
Located On Cannon Between Coming Street And St. Phillips St.Courtesy of listing office The Boulevard Company, LLC
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