$3,980,000
Charleston, SC 29403
MLS# 26016384
2811 sqft
1 / 33
Property Description
Stunning, turnkey short-term rental opportunity in the heart of downtown Charleston. This exceptional two-unit property features a total of 7 bedrooms and 7 bathrooms, including a 4 bed / 4 bath Unit A and a 3 bed / 3 bath Unit B, offering immediate income potential ($375k+) with professional management already in place and a proven track record of consistent 5-star guest reviews. Originally a historic residence, the property has been completely renovated by a premier general contractor and interior design team, blending classic Charleston character with modern functionality. Each unit is professionally furnished and thoughtfully appointed, and the sale includes all appliances, fixtures, and furnishings providing a seamless, turnkey investment.
Details
Maps
Contract Info
Primary Structure List Price/SqFt: 1415.87
MLS List Date: 2026-06-05
Status: Active
List Price: $3,980,000
Current Price: $3,980,000
Location, Tax & Legal
Legal Description: 111 Cannon
Tax Map #: 4601502001
Street #: 111
Street Name: Cannon
Street Suffix: Street
County: Charleston
State: SC
Zip Code: 29403
Area: 51 - Peninsula Charleston Inside of Crosstown
Tax District: 71 - City of Charleston
Subdivision: Cannonborough-Elliotborough
Elementary School: Memminger
Middle School: Simmons Pinckney
High School: Burke
Directions: Take Rutledge Avenue South then turn right on to Cannon St. Property is located on left-hand side of the street.
General Property Info
# Stories: 2
Potential Short Sale: No
Other Structures Y/N: No
Number of Units: 2
Total Apx SqFt: 2811
Year Built: 1910
Acreage: 0.13
Income, Expenses & Fees
Gross Income: 375000
Office/Member Info
Seller Concessions Negotiable Y/N: Yes
SqFt Source
Tax Records: 1
Unit 1
Bedrooms: 3
Baths: 3
Unit 2
Bedrooms: 4
Baths: 4
Roof
Metal: 1
Exterior
Wood Siding: 1
Foundation
Crawl Space: 1
Garage/Parking
Assigned Parking: 1
Other (Use Remarks): 1
Driveway
Other (Use Remarks): 1
Architectural Style
Duplex: 1
New Owned/Pre-owned
Pre-Owned: 1
Equipment/Appliances
Ceiling Fan: 1
Dishwasher: 1
Disposal: 1
Gas Range: 1
Hot Tub/Spa: 1
Range Hood: 1
Refrigerator: 1
Stacked Washer/Dryer: 1
Cooling
Heat Pump: 1
Heat
Heat Pump: 1
Amenities
Cable TV: 1
Hot Tubs: 1
Pool: 1
Trash: 1
Sale Includes
All Furniture: 1
Proposed Financing
Cash: 1
Possession
Tenants Rights: 1
Water/Sewer
Public Sewer: 1
Public Water: 1
Utility Suppliers
Charleston Water Service: 1
Dominion Energy: 1
Property Features
SqFt Source: Tax Records
Roof: Metal
Exterior: Wood Siding
Foundation: Crawl Space
Driveway: Other (Use Remarks)
Architectural Style: Duplex
Cooling: Heat Pump
Heat: Heat Pump
Amenities: Cable TV; Hot Tubs; Pool; Trash
Sale Includes: All Furniture
Proposed Financing: Cash
Possession: Tenants Rights
Utility Suppliers: Charleston Water Service; Dominion Energy
Supplements
The outdoor living experience sets this property apart, featuring a private backyard retreat with spa, built-in grill, expansive lounge deck, and large outdoor dining area. Blue stone patios and brick walkways are complemented by custom landscaping and iron gates, creating one of the most distinctive and upscale outdoor environments in the city. Projected 2026 revenue is estimated at $367,000, with over $200,000 already booked, underscoring the property's strong performance and demand. Additional financials and expense details are available upon request.
Ideally located within walking and biking distance to MUSC, as well as the vibrant shops, restaurants, and nightlife of Cannonborough-Elliotborough and Upper King Street, this offering presents a rare opportunity to acquire a high-performing, fully permitted short-term rental asset in one of Charleston's most sought-after neighborhoods.
Listing Office: The Boulevard Company
Last Updated: June - 09 - 2026
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