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183 Smith ST Charleston, SC 29403
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Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 31009423
Year Built 1998
Property Sub-Type Multi Family
Property Description
183 Smith Street is a 3,819 SF, three-unit multifamily asset in Cannonborough-Elliottborough, on the Charleston peninsula two blocks from MUSC and within walking distance of the College of Charleston and the Upper King commercial corridor. The property comprises two separate buildings on a single 0.12-acre parcel: a detached two-story single house fronting Smith Street (4BR/2BA, 1,486 SF) and a two-unit building to the rear (1831/2 A and B, 3BR/1BA each, 1,166 SF per unit). Ten bedrooms total with off-street parking.**In-place income, fully documented.** The property is 100% occupied at $13,100 per month -- $157,200 annualized -- with all three leases written through July 31, 2027. Blended rent is $3.43/SF/month across a tight $3.36-$3.52 band, so no unit is carrying the roll. Normalized trailing-twelve available with NDA.**Condominium-regime optionality.** Because the front house is fully detached from the rear duplex, the parcel may support a three-unit horizontal property regime with each owner insuring their own structure. Regime feasibility is subject to City approval and has not been confirmed, and any exterior work associated with a conversion is subject to Board of Architectural Review approval. The property is not within the City of Charleston short-term rental overlay; underwrite as long-term lease product.24-48 hour advance notice for showings minimum.
Location
State SC
County Charleston
Zoning City of Charleston - DR-2F - Diverse Residential (Front Yards Required)
Exterior
Parking Features Surface
Garage Spaces 4.0
Building
Sewer Public Sewer
Water Public
Listed by Christopher Anderson • King and Society Real Estate
NEARBY SCHOOL & BUSINESS
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