20 & 22 Larnes Street

Charleston, SC 29403

$1,625,000

MLS# 234734232

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Property Details

Property Type

RES

Neighborhood

Westside

Bedrooms

Bathrooms

Square Feet

3,124

Year Built

1935

Investment Potential

Est. Monthly Rental

$8,125

Cap Rate

3.3%

Appreciation Rate

3.5%

Description

Prime Investment Opportunity in Downtown Charleston!Don't miss this rare opportunity to own two adjoining parcels/structures in the highly sought-after Westside subdivision of Downtown Charleston. Conveniently located just past the Crosstown, this property is minutes from MUSC, the College of Charleston, Hampton Park, historic downtown, and some of Charleston's best restaurants and attractions. Whether by foot, bike, or car -- everything you love about downtown is right at your doorstep.This property is being sold together with the adjacent parcel at 20 Larnes Street TMS #460-07-02-192, giving a total of 3124 sq. ft. of potential. The upstairs unit features its own private entrance, kitchen, and living room, offering the perfect setup for a separate apartment or short-term rentalThe downstairs portion of both properties includes multiple entrances (front, side, and rear), providing flexibility for multi-unit or shared-living configurations. In total, the property offers 6 spacious bedrooms with additional rooms that can be converted to more bedrooms to create even more sleeping or living space. There are 3 full bathrooms, two of which include large walk-in showers. Outside, there's ample parking with two dedicated spaces in front plus a driveway that extends to the back, with room to accommodate four or more additional vehicles. Located in a STR Category 2 overly and Zoned DR-F3, this property is eligible for short-term rental use (in addition to long-term leasing), offering investors multiple income-generating options. With its prime downtown location, flexible layout, and strong rental potential, this property is a fantastic investment opportunity to create a high-yield rental or multi-unit income property in the heart of Charleston. This property is being sold strictly in as-is, where is condition. It is ready for your vision to make this property come to life!