127 Cannon Street, Charleston, SC 29403 (MLS# 20006850)


$4,250,000
127 Cannon Street
Charleston, SC 29403
MLS# 20006850
6416 sqft

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127 Cannon Street, Charleston, SC 29403
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127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403 127 Cannon Street, Charleston, SC 29403

Property Description
Stunning, Historic 6 unit turn key short-term rental property located in the heart of Cannonborough-Elliotborough. This beautiful 6,400 square foot STR property is fully permitted/operational with 6 units and a total of 17 bedrooms and 12 full bathrooms with 5-3 bedroom/2 bath units & 1-2 bedroom/2 bath unit. All of the units have been professionally & tastefully decorated and the building is being sold fully-furnished to include all appliances, fixtures, and furnishings. The structure was renovated from the studs out in 2017 and features all new HVAC, framing, plumbing, electrical, flooring, and commercial sprinkler system. Professional management is currently in place and the property consistently receives 5-star reviews. Anticipated gross income for 2020 is $400k+.

Details
Maps
Contract Info
MLS Entry Date: 2020-03-10
List Price: $4,250,000
Current Price: $4,250,000
List Price/SqFt: 662.41
Location, Tax & Legal
Tax Map #: 4601104069
Street #: 127
Street Name: Cannon
Street Suffix: Street
County: Charleston
State: SC
Zip Code: 29403
Area: 51 - Peninsula Charleston Inside of Crosstown
Tax District: 71 - Charleston Peninsula
Subdivision: Cannonborough-Elliottborough
Elementary School: Memminger
Middle School: Courtenay
High School: Burke
Legal Description: 127 Cannon & Islington Ct.
Directions: Take King St. or the Crosstown to Cannon Street. Property is located at the corner of Cannon St. & Islington Ct.
General Property Info
Number of Units: 6
# Stories: 3
Apx. SqFt: 6416
Year Built: 1900
Acreage: 0.11
Potential Short Sale: No
Income, Expenses & Fees
Gross Income: 356091
Status Change Info
Status: Active
Unit 1
Bedrooms: 3
Baths: 2
Unit 2
Bedrooms: 3
Baths: 2
Unit 3
Bedrooms: 3
Baths: 2
Unit 4
Bedrooms: 3
Baths: 2
Unit 5
Bedrooms: 3
Baths: 2
Unit 6
Bedrooms: 2
Baths: 2
Property Features
SqFt Source: Tax Records
Roof: See Remarks
Exterior: Wood Siding
Foundation: Crawl Space
Garage/Parking: Other (Use Remarks)
Driveway: Gravel
Architectural Style: More than 4
New Owned/Pre-owned: Pre-Owned
Equipment/Appliances: Ceiling Fan; Dishwasher; Electric - Range; Fire Sprinkler; Garbage Disposal; Refrigerator; Stacked Washer/Dryer
Cooling: Central
Heat: Electric; Heat Pump
Amenities: Bus Line; Cable TV Available; Trash Pickup
Sale Includes: All Furniture
Tenant Pays: No Utilities
Proposed Financing: Cash; Other (Use Agent Notes)
Possession: At Closing
Water/Sewer: Public Sewer; Public Water
Utility Suppliers: Charleston Water Service; Dominion Energy
Supplements
Additional income/expense info. is available by request. The property is within short walking/biking distance to MUSC and numerous shopping and dining destinations in Cannonborough-Elliotborough and on Upper King Street.

Listing Office: The Boulevard Company, LLC

Last Updated: July - 20 - 2020

127 Cannon Street, Charleston, SC 29403 - MLS# 20006850

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Friday 7th of August 2020 12:17 PM