140 Spring Street Unit AbcCharleston, SC 29403

An exceptional opportunity to acquire a fully renovated, fully licensed commercial short-term rental complex in the heart of downtown Charleston. 140 Spring Street is a boutique, three-unit offering designed to command premium nightly rates while delivering a rare combination of privacy, parking, and outdoor living--features that consistently outperform in Charleston's high-barrier STR market.The property features two spacious 3-bedroom / 2-bath residences and one well-appointed 1-bedroom unit, creating multiple income streams ideal for group travel, extended stays, and high-yield weekend demand. Renovations were thoughtfully executed to preserve historic charm while delivering modern finishes that today's guests expect. A true differentiator is the private, walled courtyard exclusive to one of the 3-bedroom units. Complete with a gazebo, brick fireplace, and dedicated sitting area, this outdoor sanctuary significantly enhances guest experience and booking appeal. The courtyard also offers potential for a plunge pool an extraordinary rarity in downtown Charleston and a proven lever for materially increasing ADRs and annual revenue.Off-street parking further strengthens the asset's competitive position, while in-place commercial STR licensing allows for immediate operation with no entitlement risk.Beyond operational performance, ownership offers significant tax advantages unique to short-term rentals, including the potential for accelerated depreciation and cost segregation, which may allow investors to offset a substantial portion of income often without passive activity limitations, subject to individual circumstances and tax strategy.This is a rare opportunity to acquire a stabilized, scalable, and tax-advantaged STR asset in one of the Southeast's most supply-constrained and resilient markets.$300,000.00/ in annual revenue projected from a reputable local management company.

• MLS ID26002812
• Property TypeMulti Unit - Multiple
• Building Area Total3034
• Community FeaturesPool
• Days on Site84
• Home StyleTriplex
• Lot Dimensions0.08 acre(s)
• Lot Size0.08 Acres
• Other StructuresNo
• SewerPublic Sewer
• Structure TypeTriplex
• WaterPublic
• Year Built1890
• acres0.08