UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Detached
Listing Status Active
Purchase Type For Sale
Square Footage 3,462 sqft
Price per Sqft $635
Subdivision Eastside
MLS Listing ID 26021091
Bedrooms 7
Full Baths 7
HOA Y/N No
Year Built 2022
Lot Size 5,662 Sqft
Acres 0.13
Property Sub-Type Single Family Detached
Property Description
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 2022 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.
Location
State SC
County Charleston
Area 51 - Peninsula Charleston Inside Of Crosstown
Rooms
Primary Bedroom Level Upper
Master Bedroom Upper Ceiling Fan(s), Walk-In Closet(s)
Interior
Interior Features Ceiling - Cathedral/Vaulted, Ceiling - Smooth, High Ceilings, Garden Tub/Shower, Kitchen Island, Walk-In Closet(s), Ceiling Fan(s), Eat-in Kitchen, Family, Living/Dining Combo, Pantry
Heating Central, Heat Pump
Cooling Central Air
Flooring Ceramic Tile, Luxury Vinyl
Window Features Thermal Windows/Doors
Laundry Laundry Room
Exterior
Parking Features Off Street
Fence Partial
Community Features Trash
Utilities Available Charleston Water Service, Dominion Energy
Roof Type Metal
Porch Deck
Building
Lot Description 0 - .5 Acre
Story 3
Foundation Raised Slab
Sewer Public Sewer
Water Public
Architectural Style Charleston Single
Level or Stories Two, 3 Stories
Structure Type Cement Siding
New Construction No
Schools
Elementary Schools James B Edwards
Middle Schools Simmons Pinckney
High Schools Burke
Others
Acceptable Financing Lease Purchase, Any
Listing Terms Lease Purchase, Any
Financing Lease Purchase,Any
NEARBY SCHOOLS & PROPERTIES
GET MORE INFORMATION