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90 Spring Street, #A,B, Charleston, SC, 29403 | $2,490,000
PRICED 250K BELOW APPRAISED VALUE! Professionally Measured: 3, 121 total heated sqft! Historic Charleston Duplex - PRIME Short-Term Rental Investment. Appraised at $2, 740, 000 | $432, 500 Revenue in 2024 | Projected 5-10% Rent Increase for 2025. A complete studs-out renovation by Archer Construction, meticulously crafted with attention to every detail. Located just 2 1/2 blocks from Charleston's iconic King Street, 90 Spring Street is a fully furnished 8-bed, 6. 5-bath short-term rental duplex with an impressive rental history. This stunning historic property attracts high-end guests, including large groups and wedding parties, looking for a vibrant downtown experience. Property Highlights: Prime Location - Walk Score of 95! Steps from top restaurants, nightlife, and shopping. Two Spacious Units - Each featuring 4 bedrooms and high-end amenities for guests. Newly Added Parking - Two off-street parking spots enhance STR revenue potential. Outdoor Living Spaces - Private porches and a shared back patio, are perfect for relaxing. Unit A (First-Floor Suite): 4 Bedrooms | 3 Bathrooms Bedroom 1: King Bed, En Suite Bath, TV Bedroom 2: King Bed, En Suite Bath, TV Bedroom 3: Queen Bed, TV Bedroom 4: Queen Bed, TV Shared Full Bath for Queen Bedrooms Spacious Living Area & Fully Equipped Kitchen Private Porch & Off-Street Parking (1 Spot) Unit B (Second-Floor Suite): 4 Bedrooms | 3. 5 Bathrooms Bedroom 1: King Bed, Shared En Suite Bath Bedroom 2: King Bed, Shared En Suite Bath Bedroom 3: Queen Bed, En Suite Bath Bedroom 4: Queen Bed, En Suite Bath Living Room: Queen Sleeper Sofa Full Kitchen & Living Space Private Charleston-Style Porch Shared Back Patio & Off-Street Parking (1 Spot) Prime Downtown Location: Situated in the sought-after Elliotborough/Cannonborough district, this home is surrounded by Charleston's best culinary spots, including Xiao Bao Biscuit, Chubby Fish / Seahorse, Verns, Southbound, and Welton's Tiny Bakeshop. Just a short stroll to King Street, guests enjoy access to boutique shopping, historic attractions, and vibrant nightlife. Plus, it's only 15 minutes from the beach! This turn-key investment property offers strong revenue potential in one of Charleston's most desirable neighborhoods. Don't miss outschedule your showing today!
Features
- Amenities: Trash
- Bedrooms: 8
- Baths: 6 full / 1 half
- Style: Charleston Single
- Development: 51 - Peninsula Charleston Inside of Crosstown
- Year Built: 1890
- Heating: Central, Heat Pump, Wall Unit(s)
- Cooling: Central Air
- Approx Sq. Feet: 3,121
- Acreage: 0.06
- Lot Desc: 0 - .5 Acre
- Elem. School: Mitchell
- Middle School: Simmons Pinckney
- High School: Burke
- MLS#: 25008651
- Days on Market: 38 days
- Website: https://www.raveis.com
/eprop/25008651/90springstreet_charleston_sc?source=qrflyer
Listing courtesy of IOP Residential Real Estate
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
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- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Yokadi MejiaInsurance Sales Director, William Raveis Insurance
561.335.7966
Yokadi.Mejia@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
90 Spring Street, #A,B, Charleston, SC, 29403
$2,490,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Melissa Cohn
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $1,992,000 | $1,992,000 | $1,992,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.625% | 6.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.811% | 6.727% | 6.560% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $11,943 | $12,755 | $17,216 |
| Total Monthly Payment | $12,068 | $12,880 | $17,341 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484