51 - Peninsula Charleston Inside of Crosstown Homes with Raised Slab Foundation

51 - Peninsula Charleston Inside of Crosstown Homes with Raised Slab Foundation

Located in the beautiful city of Charleston, South Carolina, the 51 - Peninsula Charleston Inside of Crosstown region offers a unique and vibrant living experience. Situated in Charleston County, this area is known for its rich history, charming architecture, and lively atmosphere.

One notable feature of the homes in this region is their raised slab foundation. A raised slab foundation is a construction technique commonly used in coastal areas to protect homes from potential flooding and moisture damage. This type of foundation elevates the living space, providing peace of mind to homeowners in flood-prone areas.

Homes with raised slab foundations offer several advantages. They are designed to withstand the challenges of coastal living, including heavy rain, high tides, and storm surges. Additionally, these foundations provide better insulation, reducing energy costs and enhancing comfort.

Living in a home with a raised slab foundation in the 51 - Peninsula Charleston Inside of Crosstown area means enjoying the best of both worlds. You can experience the charm and history of Charleston while also benefiting from the modern construction techniques that ensure your home's safety and durability.

Whether you're looking for a historic property or a newly built home, the 51 - Peninsula Charleston Inside of Crosstown region offers a variety of options to suit every taste and lifestyle. From quaint cottages to elegant townhouses, this area has something for everyone. Don't miss the opportunity to call this vibrant and picturesque region your home.

Newest 51 - Peninsula Charleston Inside of Crosstown Homes with Raised Slab Foundation

$1,999,999
7 Beds 26021150 MLS Eastside SubDv. Active Status
BRING ALL OFFERS! X Flood Zone - No Flood Insurance Required! A rare opportunity to own two charming 2021 construction homes in pristine condition on one lot just blocks from King Street in the heart of downtown Charleston. 11 Hanover Street offers incredible flexibility for a College of Charleston parent, owner-occupant, or investor. Both buildings have been rented since June 1, 2022, with tenants currently in place through May 31, 2027 (Building A) and April 30, 2027 (Building B). Current ownership has never increased rents, which have remained at $1,500 per bedroom since 2022, generating $10,500 per month in rental income. With current market rents ranging from approximately $1,850-$2,100 per bedroom, a new owner has significant upside potential to increase incomeat lease expiration. Tenants are responsible for all utilities with the exception of Wi-Fi. The property is eligible for the STR CAT 2 Bed & Breakfast permit, allowing an owner to occupy one of the two buildings at the 4% owner-occupied tax rate while legally operating the other as a nightly short-term rental at the 6% tax rate. Projected gross revenue for owner-occupying Building B and short-term renting Building A is approximately $133,000 annually. The front home (A) features 4 bedrooms, 4 full bathrooms, and 2,084 square feet, while the rear home (B) offers 3 bedrooms, 3 full bathrooms, and 1,378 square feet. Both homes were completed in 2021 and have been meticulously maintained since construction. Properties have recently been landscaped and interiors painted. Additional highlights include metal roofs, tankless water heaters for endless hot water, raised slab foundations (no crawlspace maintenance or moisture concerns), a transferable termite bond through Elam's, PLENTY off-street parking, and the ability to apply for additional residential parking decals through the City of Charleston. Offering an unbeatable downtown location, rare X Flood Zone designation, modern construction, multiple investment strategies, and substantial income potential, 11 Hanover Street is truly a one-of-a-kind opportunity in downtown Charleston.

11 Hanover Street Unit #A,B, Charleston

$1,999,999
7 Beds 7 Baths 26021152 MLS Eastside SubDv. Active Status
BRING ALL OFFERS! X Flood Zone - No Flood Insurance Required! A rare opportunity to own two charming 2021 construction homes in pristine condition on one lot just blocks from King Street in the heart of downtown Charleston. 11 Hanover Street offers incredible flexibility for a College of Charleston parent, owner-occupant, or investor. Both buildings have been rented since June 1, 2022, with tenants currently in place through May 31, 2027 (Building A) and April 30, 2027 (Building B). Current ownership has never increased rents, which have remained at $1,500 per bedroom since 2022, generating $10,500 per month in rental income. With current market rents ranging from approximately $1,850-$2,100 per bedroom, a new owner has significant upside potential to increaseincome at lease expiration. Tenants are responsible for all utilities with the exception of Wi-Fi. The property is eligible for the STR CAT 2 Bed & Breakfast permit, allowing an owner to occupy one of the two buildings at the 4% owner-occupied tax rate while legally operating the other as a nightly short-term rental at the 6% tax rate. Projected gross revenue for owner-occupying Building B and short-term renting Building A is approximately $133,000 annually. The front home (A) features 4 bedrooms, 4 full bathrooms, and 2,084 square feet, while the rear home (B) offers 3 bedrooms, 3 full bathrooms, and 1,378 square feet. Both homes were completed in 2021 and have been meticulously maintained since construction. Properties have recently been landscaped and interiors painted. Additional highlights include metal roofs, tankless water heaters for endless hot water, raised slab foundations (no crawlspace maintenance or moisture concerns), a transferable termite bond through Elam's, PLENTY off-street parking, and the ability to apply for additional residential parking decals through the City of Charleston. Offering an unbeatable downtown location, rare X Flood Zone designation, modern construction, multiple investment strategies, and substantial income potential, 11 Hanover Street is truly a one-of-a-kind opportunity in downtown Charleston.

11 Hanover Street Unit #A,B, Charleston

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