SoldMar 23, 2018

Listed by The Cassina Group

Bought with Found Properties Group and Dewey Golub

52 Aiken St, Charleston, SC, 29403

$325,000

4
2
1626 sq. ft.
4356 sq. ft.

SingleFam

Sold: Mar 23, 2018

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About this property

LEGAL STR- SHORT TERM RENTAL, HIGHLY FLEXIBLE OPPORTUNITY FOR TWO SEPARATE DETACHED RESIDENCES OR A DUPLEX, OPTIONS FOR STR (short term rental, for certain property owners) This property is in the new Category 2 area of the new Short Term Overlay and with an owner occupant can meet the criteria. You can have a long term rental or utilize Air B and B and VRBO to increase the economic opportunity with a Short Term Rental. Live in one band new home or unit and short term rent the other. In generous DR2F Multi-Family Zoning District. This large period Charleston Single vernacular house with valuable and highly intact historic fabric on oversized 42' x 100' lot is close to everything. Walkable to College of Charleston, Charleston School of Law, MUSC and Trident Tech, and also blocks off the Upper King Street Hospitality District. Multiple development options available are: -1). Renovate the existing structure as - is or to a much larger large single family dwelling. 2). Renovate the existing structure to a single family and build a SECOND new construction single family home as either a rental dependency or have 2 tax numbers and be sold separately in the future with a Horizontal Property Regime. 3). Giant duplex- Restoration and expansion plans can readily accommodate two flats of +/- 1, 500 SQ. FT. EACH, with up to 4 bedrooms/4 bathrooms per dwelling (8 total bedrooms each with own full bath), elevated with drive under and almost impossible to replicate enclosed garage parking and storage. Have a large garden and dog friendly yard. This location is North of Line Street and allows for an accelerated development timeline as it does not require submittal to the Board of Zoning Appeals if readily conforming plans are utilized, nor require a submittal to the Board of Architectural Review in this location (assuming no demolition requests). This property should be raised up out of FEMA flood height as seen on neighboring properties. Located in the highly desirable Eastside neighborhood, this property can support a significant addition/expansion within the legal setbacks. The property is in need of complete renovation and should be considered a "fixer upper." Disclaimer: The proposed and associated property information and redevelopment plans are for discussion purposes only. All items to be investigated and verified by Buyer and in no way should be construed as an inducement to acquire without proper third party affirmations.

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