Bought with Keller Williams Realty Charleston West Ashley
$3,775,000
$3,900,000
3.2%For more information regarding the value of a property, please contact us for a free consultation.
9 Beds
4,020 SqFt
SOLD DATE : 04/07/2022
Key Details
Sold Price $3,775,000
Property Type Multi-Family
Sub Type Duplex, More than 4
Listing Status Sold
Purchase Type For Sale
Square Footage 4,020 sqft
Price per Sqft $939
Subdivision Cannonborough
MLS Listing ID 22002667
Sold Date 04/07/22
Bedrooms 9
Year Built 1852
Lot Size 6,969 Sqft
Acres 0.16
Property Description
Circa 1852 Historic Inn built by Alexander Back, Managing Partner of West Point Rice Mill, the Ashley Inn features seven comfortable guest rooms each individually rented, grand verandas, beautiful views and a great location to explore the city. In addition to the main house, there is a separate carriage house with two bedrooms and two baths, also eligible for short-term rentals (STR). When entering the main inn, there are two open sitting rooms which were the original living and dining rooms. The main house boasts wide covered piazzas as well as original plaster crown moldings, plaster medallions, and heart pine flooring throughout. The original granite fireplace mantels, pocket doors, and 12-foot ceilings further add to the property's historic charm and character guests seek when visiting Charleston.
The first floor has a queen bedroom with private bath and veranda access. In addition, there is another room and full bathroom for general guest usage which would also make excellent owner/employee office space or other flex space usage.
The second floor has four additional rooms. A studio with twin size day bed and trundle, with full private bath. Then there are three separate queen suites with full baths, each with semi-private veranda access.
The third floor has a queen studio with full private bath and a larger suite with queen bed, sleeper sofa and full private bathroom.
The two-bedroom apartment has an open living and dining downstairs flow, with separate kitchen. Upstairs are two bedrooms and two ensuite bathrooms.
Between the two buildings is a laundry and linen/supply storage room. The inn is set on a high foundation with ample storage space for bikes.
The property includes nine parking spaces on-site for guests.
Zoned for a Limited Business use and located within the Short-Term Rental Overlay, the property is currently managed by an off-site owner differentiating it from other, traditional Bed & Breakfast properties in the City. The Inn currently maintains solid occupancy and steady nightly rates with room to grow with further updating. The property is being sold furnished, with a few exceptions.
Location
State SC
County Charleston
Area 51 - Peninsula Charleston Inside Of Crosstown
Interior
Heating Electric
Cooling Central Air
Exterior
Utilities Available Charleston Water Service, Dominion Energy
Roof Type Architectural, Asphalt, Metal
Building
Story 2
Foundation Crawl Space
Sewer Public Sewer
Water Public
New Construction No
Schools
Elementary Schools Memminger
Middle Schools Simmons Pinckney
High Schools Burke
Others
Financing Cash, Other (Use Agent Notes)
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