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Welcome to 162 Spring Street, Unit A, where location, charm, and flexibility converge in one of Charleston's most walkable and dynamic neighborhoods. Just a short stroll from King Street's world-renowned restaurants, boutiques, and nightlife, this fully-furnished, turnkey property offers the perfect mix of historic appeal and modern comfort--with the rare bonus of off-street parking. Whether you're looking for a pied-a-terre, a profitable licensed short-term rental (STR), or a stylish primary residence, Unit A delivers unmatched versatility in a coveted downtown setting. Skip the car--dine at local hotspots like Xiao Bao, R Kitchen, Southbound, and more. Or grab coffee from neighborhood favorites just around the corner. The best of Charleston is literally at your doorstep. Inside, you'll find 950 square feet of bright, open living space designed for easy living and entertaining. Two generous bedrooms offer ample privacy, while the open-concept layout connects kitchen, dining, and living areas with a welcoming flow. Large windows let the natural light pour in, highlighting hardwood floors and tasteful furnishings throughoutall of which convey with the sale. This unit also boasts a fully permitted and active short-term rental license, along with a strong rental history and professional management in place. The dedicated off-street parking space is a true rarity for this location, offering convenience and peace of mind. With a low-maintenance exterior and no HOA, this property makes ownership easy and enjoyable. Positioned within the short-term rental overlay, this property is uniquely situated for maximum income potential while still offering the livability and charm that Charleston buyers crave. Whether you're an investor seeking cash flow or a buyer wanting to enjoy the Charleston lifestyle without compromise, 162 Spring Street, Unit A is a rare opportunity in an unbeatable location.
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Our Executive Mortgage Banker:
Our Insurance Division:
$999,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $799,200 | $799,200 | $799,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.625% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.861% | 6.751% | 6.666% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,856 | $5,117 | $6,962 |
Total Monthly Payment | $4,948 | $5,209 | $7,054 |
* 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.