REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 3,195,000
Est. payment /mo
New
35 Cannon ST Charleston, SC 29403
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 31009741
Year Built 1880
Property Sub-Type Multi Family
Property Description
Welcome to 35 & 35 1/2 Cannon Street, a rare, turnkey three-unit short-term rental investment opportunity in Charleston's highly desirable Cannonborough-Elliotborough neighborhood, just two blocks from King Street. Projected to generate $313,000 in stabilized gross rental revenue in 2027, this fully furnished, professionally managed property offers investors an established income-producing asset in one of Downtown Charleston's most sought-after locations.Two separate buildings on one parcel. The property features two 2-bedroom, 2.5-bath residences of approximately 1,049 SF each, both with private piazzas, along with a detached two-story, 3-bedroom, 2.5-bath single-family residence of approximately 1,164 SF featuring front and upper porches. Together, the three units offer approximately3,262 heated SF, 7 bedrooms, and five on-site parking spaces--a rare amenity in Downtown Charleston. Front house driveway has 3 tandem, back house has 2 spaces on left side. All three units are actively licensed short-term rentals with transferable STR permits, allowing for non-owner-occupied rental operations. Extensively renovated in 2023, improvements include new roofs, mechanical, electrical and plumbing systems, flooring, and select structural upgrades. Located just steps from Charleston's acclaimed restaurants, shopping, and entertainment, this property combines a prime walkable location with established STR operations, professional management, and a fully furnished, turnkey offering. A compelling opportunity to acquire a renovated, income-producing investment property in the heart of Downtown Charleston.
Location
State SC
County Charleston
Zoning City of Charleston - GB - General Business
Exterior
Parking Features Surface
Garage Spaces 5.0
Building
Sewer Public Sewer
Water Public
Others
Acceptable Financing 1031 Exchange, Cash, Conventional, Other
Listing Terms 1031 Exchange, Cash, Conventional, Other
Listed by Hunter Diggins • King and Society Real Estate
Nearby School & Business
Get More Information