Charleston & Mt. Pleasant Homes For Sale - Please contact Alan Donald for more information on this listing: (843) 900-0155

$2,390,000 | N/A beds | N/A full baths | N/A half baths | 3,450 sqft

$2,390,000 Reduced -$21,510,000
62 1/2 Cannon Street
Charleston, SC 29403
  • N/ABeds
  • N/AFull Baths
  • N/AHalf Baths
  • 3,450SqFt
  • 1885Year Built
  • 0.10Acres
  • MLS# 24012421
  • Multi Family
  • Active Contingent


Overview

Excellent investment opportunity in legal STR district! Large duplex located in the heart of Charleston's highly sought-after Cannonborough Neighborhood, in the short term rental (STR) overlay district, 62 1/2 Cannon Street offers a perfect opportunity for investors or homeowners seeking an income producing property. Situated within walking distance of King Street shopping, neighborhood coffee shops, bars and restaurants, this 1880's multi-family home is ideal for enjoying the best that Charleston has to offer. In 2015, the home underwent a complete renovation with a legally permitted 1100 square foot addition bringing the total to 3450 square feet. It contains six bedrooms, six full bathrooms, four full gas range kitchens with full size refrigerators, and 3 washer/dryer hookups.Custom cabinetry and decorative elements are crafted from salvage material from the renovation, making for a one-of-a-kind look throughout all parts of the building.The front part is the larger historic section of the house featuring exposed brick chimneys, high ceilings and original heart pine floors. On the lower level you can enjoy a wide front porch facing the street with a view of the famous Sugar Bakeshop. From under the painted transom window and original front door with original doorbell hardware you will find a washer/dryer space, a huge front bedroom to one side and an expansive open-plan kitchen and living room.Two bathrooms with unique hand-picked marble and old-growth lumber complete the aesthetic. Upstairs features the same attention to detail. All hardware is either painstakingly restored or carefully replaced with period reproductions. Beautiful modern bathrooms will offer a comfortable a luxurious experience, while new appliances will make cooking and cleaning enjoyable.As with downstairs, there is a substantial one-bedroom apartment and this one includes an artistically preserved claw-foot tub from the original house that acts as a shower and bath. The back porch is ideal for a hammock, and with the wraparound balcony, the front porch is ideal for a relaxing evening in a secluded private space.One of the gems of this house is the third-story sunroom and full floor size roof deck in the 2015 addition, singular among houses of this area. This versatile space can be used for entertaining, everyday coffee or sunbathing.The lot has the ability to accommodate three rows of two cars for a total of six off-street parking spaces, which is almost unheard of in this neighborhood.


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:  1885

Business Info

Rent Control:  No

Buyer Compensation

Exterior Features

Pool Private:  No

Garage / Parking

Gar Pkg:  Other (Use Remarks)

Garage:  No

Attached Garage:  No

Interior Features

Fireplace:  No

Lot Info

Lot Size:  0.10

Lot Size Units:  Acres

Acres:  0.10

Lot Sqft:  4356

Irrigation Water Rights:  Yes

Offer Compensation

Other

Mobile Home Remains:  Yes

Property Info

Property Type:  B

Foundation:  Crawl Space

Exterior:  Wood Siding

New Construction:  No

Roof:  Asphalt

Property Subtype:  None

Building Area Units:  Square Feet

View:  No

Home Warranty:  Yes

Habitable Residence:  Yes

Structure Type:  Duplex

Room Info

Sale / Lease Info

Lease Renewal Option:  Yes

Lease Considered:  Yes

Lease Assignable:  Yes

Sqft Info

Unit Sqft:  1,750

Unit Sqft:  1,725

Sqft:  3450

Unit Info

Utilities / Hvac

Water Source:  Public

Utilities:  Charleston Water Service, Dominion Energy

Heating:  Yes

Heat:  Heat Pump

Water Sewer:  Public Sewer

Cooling:  Central Air

Cooling:  Yes

Waterfront / Water

Waterfront:  No

Schools

Elem:  Mitchell

Middle:  Simmons Pinckney

High:  Burke

Directions

King St To Cannon St Home On Right

Courtesy of listing office Hayden Jennings Properties 

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Price & Status History (on buyhomesincharleston.com since Thu, May 16th 2024)
  • Original Price: $23,900,000
  • Current Price: $2,390,000
  • Price Reduced: $21,510,000
Date ChangedFromTo
05/21/2024ActiveActive Contingent
05/16/2024$23,900,000 $2,390,000 Reduced by $21,510,000
Residential, Land, Other Disclaimer:

Broker Reciprocity The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Charleston Trident Multiple Listing Service. Real estate listings held by brokerage firms other than Keller Williams Realty Charleston are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Last updated on 06-16-2024 11:54 PM EST . The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Copyright 2024 Charleston Trident Multiple Listing Service, Inc. All rights reserved.
Commercial Sale/Lease: Copyright 2024 South Carolina commercial MLS, Inc. All rights reserved. Last updated on 06-16-2024 11:54 PM EST est.

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Contact Alan Donald for more information on this listing - (843) 900-0155
Keller Williams Realty Charleston - Mt Pleasant, SC