Introducing an exceptional investment opportunity to own 4 active, legal short term rental units encompassing 3 buildings in the heart of Charleston's coveted Cannonborough Elliotborough neighborhood. This property includes a total of 14 bedrooms & 14 bathrooms. The front historic blue building is a renovated duplex, which features 4 bedrooms & 4 bathrooms per unit. To the rear of the property stand 2 newly constructed single family homes, each with 3 bedrooms & 3 bathrooms. These properties present a rare chance to own a piece of Charleston's historic charm, combined with modern amenities & lucrative income. The seamless integration of modern conveniences & historic details ensures a comfortable & captivating living experience for residents or guests alike. Convenient on site parking further enhances the property's appeal, ensuring hassle-free accessibility. With all units currently operating as legal, active short-term rentals, this property presents an enticing income-generating opportunity for savvy investors. Seize this opportunity to invest in the Holy City's only neighborhood allowing legal and welcomed short term vacation rental properties.
Property Details
Property Features
Property Information:
Year Built: 1865
Stories: 2
Living Area: 5,532 SqFt
Listing Office:
Office Name: Keller Williams Realty Charleston West Ashley
Interior Features
Interior Information:
Interior: Ceiling Fan(s)
Bedroom and Bathroom Information:
Total Bedroom Count: 14
Exterior Features
Parking Information:
Parking: Other (Use Remarks)
Lot Features
Lot Information:
Lot Size: 0.21 Acres
Utilities
Utilities Information:
Heating: Forced Air
Cooling: Central Air
School Info
Assigned Schools Information:
Burke High School, Public Magnet Grades 7-12
Other
Directions Information:
Directions: From Hwy 17 N, Bear Right Onto Cannon Street, Property Will Be On Your Left, Just After Felix St.
Price Information
Listing Price Info
Price Summary:
List Price: $6,249,000
Price Per SqFt: $1,130/SqFt
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Charleston, SC.
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$31.2K
Per Month
Principal & Interest
$31.1K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$18.8K
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
High School
2
/10
Burke High School
244 President St
Distance between this listing and this school0.56 miles
Public Magnet Grades 7-12
Nearby Schools
1
/10
Edmund A. Burns Elementary School
3750 Dorchester Rd
Distance between this listing and this school5.15 miles
Public District Grades PK-5
Nearby Schools
4
/10
West Ashley Middle School
1776 Kennerty Dr
Distance between this listing and this school4.97 miles
Public Magnet Grades 6-8
6
/10
Lowcountry Leadership Academy
5139 Gibson Rd
Distance between this listing and this school16.65 miles
Public Charter Grades KG-9
Assigned Schools
2
/10
Burke High School
244 President St
Distance between this listing and this school0.56 miles
Public Magnet Grades 7-12
Nearby Schools
6
/10
Charleston Charter School For Math and Science
1002 King St
Distance between this listing and this school0.91 miles
Public Charter Grades 6-12
1
/10
Gregg Mathis Charter High (Youthbuild)
2872 Azalea Dr
Distance between this listing and this school4.08 miles
The neighbors living near this home have an average income of $31,133. Residents of Charleston, SC typically earn less than $35k each year. The most common type of family is single, no kids. Most residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 56 Cannon St Unit A, B, C, D
What is the listing price of this property?
The listing price of 56 Cannon St Unit A, B, C, D property is $6,249,000.
What type of property is this?
The property 56 Cannon St Unit A, B, C, D is a house located in Charleston, South Carolina, 29403.
Is this property for sale now?
Active Listing: 56 Cannon St Unit A, B, C, D is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 56 Cannon St Unit A, B, C, D are: Burke High School: GreatSchools Rating 2/10
How many bedrooms and bathrooms does this property have?
The property at 56 Cannon St Unit A, B, C, D has 14 bedrooms.
What is the square footage of this property?
The property 56 Cannon St Unit A, B, C, D is 5,532 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 56 Cannon St Unit A, B, C, D is 1865.
Interested in 56 Cannon St Unit A, B, C, D? Let's connect.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 56 Cannon St Unit A, B, C, D in Charleston, SC and zip code 29403 in the The Peninsula neighborhood. This 5,532 square foot home, which was built in 1865, sits on a 0.21 acre lot. Features: 14 bedrooms. It has been listed on Rocket Homes since April 15, 2024 and is currently priced at $6,249,000.
Over 67 listings were sold over their listed price in March 2024 in Charleston, SC. In the same period over 142 listings were sold below the listed price and 60 listings were sold for the listed price. In March 2024 in Charleston, SC there were 15.9% more homes for sale than in February 2024.
From Rocket Homes Real Estate and based on county public records data.
NBA/WNBA
NBA/WNBA
Yoga/pilates
Major League Soccer (MLS)
Express/Express For Men
H&M
Banana Republic
Starbucks
Dominos Pizza
Sonic
Pontiac
Audi
Infiniti
Urban Contemporary
Alternative