STRONG investment property with long-term and short term rental potential!. This investment property has been APPROVED as a SHORT TERM RENTAL pending the fire marshal's inspection. Owner will have the BUSINESS LICENSE shortly and will transfer to a new owner at closing. STR cap rate of 8.84 or traditional long-term rental cap rate of 4.98. Charleston has been the #1 city in the US for 6 straight years by Travel and Leisure Magazine, and is Southern Living Magazine's ''South's Best City 2019.'' Charleston has also been named the #1 city in the world by Travel and Leisure Magazine, the first domestic city to be so named. Owner can live in one unit and legally short-term rent the other to maximize return. Or, property could also serve strictly as investment with ... two residential units. Currently, Unit B (upstairs), is being used as a two bedroom and one bathroom unit, and Unit A (downstairs), is being used as a two bedroom and two bathroom unit BUT, both units are versatile enough to convert to a 3 bedroom/1 bath and 3 bedroom/2bath respectively. Square footages are 1,445 and 1,395. This Westside community is thriving and "booming" with great restaurants, neighborhood involvement, area revitalization, property renovations and new construction. Enjoy downtown Charleston and all that it has to offer while living, or investing, in 13 Perry Street. This quiet, little street, provides historic Charleston singles, tree-lined sidewalks, moss-draped Grand oaks, private driveways, ample curb-side parking for homeowners, guests and tenants and is just one block off of Rutledge Ave. and three blocks to popular dining destinations like Leon's, Melfi's, Little Jack's, Graft Wine Bar, Dellz Uptown and more! Hampton Park is a short five block walk, The Citadel, MUSC and Marion Square are all within a mile. For commuters, the property is two blocks to the crosstown, Septima Clark Parkway/US 17 and the T. Allen Legare and Arthur Ravenel Jr. Bridges with easy access to both West Ashley and Mt. Pleasant, as well as, James Island and the beaches, via the connector. I-26 into North Charleston is just a mile and a half up Rutledge Ave. This wonderful 1940's Charleston duplex is filled with true old Southern charm and character; 10+ foot ceilings, wide hallways, original hardwood floors, doors and hardware, 4 antique fireplaces (2 in each unit) with old, detailed mantels/ surrounds. Open the door to Unit B and be greeted by a nice first floor foyer and a hardwood staircase. Walk up the steps and be greeted by absolutely gorgeous original hardwood floors, 10+ ceilings and a bright and sunny hallway. Unit B boasts: a spacious, light-filled front living room (currently used as a bedroom) with front porch access, two bedrooms, one full bath, an eat-in kitchen with sitting area, two charming fireplaces and a laundry/storage room. Step into Unit A and you will find beautiful hardwood floors, 9+ foot ceilings, a spacious front living room filled with tons of natural light, under-stair storage, 2 large bedrooms, both with ample closet space and one of which is a true master bedroom with its own private bath, full hall bath, separate dining room and kitchen with separate laundry/storage space. Options abound with this fabulous investment home: leave "as is and turnkey" and rent out both units, renovate, live in one unit and rent out the second unit long term, or live in one unit and rent the second unit, short term. Expect to be impressed by this wonderful Westside neighborhood and excellent investment opportunity!

Listing courtesy of CTAR / Susan Arrington / Carolina One Real Estate

Last checked: Checking… • Last updated Jan 5, 2024 • Source: CTAR

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