13 Kracke Street, Charleston, SC 29403

$4,999,000
14
BD
7.5
BA
5,483
SqFt
List Price
$4,999,000
Status
Active
MLS#
23019290
Year Built
1880
Style
Charleston Single
Living Area
5,483
Bedrooms
14
Bathrooms
7.5
Full-baths
7
Half-baths
1
Subdivision
Cannonborough-Elliotborough
Master Bedroom
Ceiling Fan(s)
Acres
0.23

Property Description

Welcome to 13 Kracke Street, 15 Kracke Street, and 10 Rosemont Street, a unique investment opportunity in the Cannonborough Elliotborough neighborhood of downtown Charleston! This sale includes a charming single-family home and two historic Charleston-style duplexes, all situated on the same parcel. With a total of five units, fourteen bedrooms and ten parking spots this property promises not only comfortable living spaces but also a lucrative rental income stream of over $500K in annual revenue. 10 Rosemont Street - The single-family home offers 1,500 square feet of living space, featuring three bedrooms and two and a half bathrooms. The residence boasts a delightful front porch and a back deck, perfect for enjoying the pleasant Charleston weather.The backyard has been thoughtfully transformed with artificial turf, ensuring a low-maintenance outdoor oasis. 13 Kracke Street Duplex - Both units have full building length Charleston piazzas. Unit A of this historic duplex features three bedrooms and two bathrooms, while Unit B offers three bedrooms and one bathroom. Both units have been completely renovated, showcasing heart pine flooring, updated kitchens with brand new appliances, a new roof, HVAC systems, tankless water heaters, and beautiful finishes throughout. 15 Kracke Street Duplex - Unit A of this duplex presents two bedrooms and one bathroom, while Unit B provides three bedrooms and one bathroom. Just like the other units, these have undergone extensive renovations, including heart pine flooring, updated kitchens, new appliances, a new roof, HVAC systems, tankless water heaters, and exquisite finishes. All four units in the duplexes have obtained legal short-term rental licenses, making them a prime investment for those seeking immediate income generation. The units are turnkey, fully furnished, ensuring a seamless transition for guests and an effortless management experience for the owner. Behind 13 Kracke Street, you'll discover a fully gated backyard tropical oasis. This serene space features a custom-built pergola, grill, and Adirondack chairs, creating a private retreat for guests to relax and unwind. One of the most coveted features in downtown Charleston is the availability of off-street parking. This property provides a total of 10 dedicated off-street parking spaces, ensuring convenience and peace of mind for residents and guests. For added convenience there is a Tesla charging station at 13 Kracke Street. This unique investment opportunity presents a rare chance to own a remarkable property with multiple income-generating units in downtown Charleston. Whether you choose to live in the single-family home and manage the duplexes or live in the smallest unit and rent out the rest, this property is a smart choice for investors seeking both historical charm and a profitable return. The Cannonborough Elliotborough neighborhood is a prime location for dining, shopping and exploring all that the city has to offer. Don't miss out on this chance to own a piece of Charleston's rich heritage and secure a solid financial future.

Additional Information

Levels
Two
Lot Description
0 - .5 Acre
Interior Features
Beamed Ceilings, Ceiling - Cathedral/Vaulted, Ceiling - Smooth, Kitchen Island, Ceiling Fan(s), Eat-in Kitchen, Living/Dining Combo
Construction
Block/Masonry, Wood Siding
Floors
Ceramic Tile, Wood
Roof
Asphalt, Metal
Cooling
Central Air
Heating
Electric, Forced Air, Heat Pump
Exterior Features
Stoop
Foundation
Crawl Space
Parking
Off Street
Elementary School
James Simons
Middle School
Simmons Pinckney
High School
Burke

Mortgage Calculator

Amount of Loan
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Term of Loan
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Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Listing Agent: Joel Mathis () from Listing Office: Carolina One Real Estate.