11 George Street

Charleston, SC 29401

$3,795,000

MLS# 233839640

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Property Details

Property Type

RES

Neighborhood

Ansonborough

Bedrooms

Bathrooms

Square Feet

6,300

Year Built

1813

Investment Potential

Est. Monthly Rental

$18,975

Cap Rate

3.3%

Appreciation Rate

3.5%

Description

This stunning 5,100 sq ft single-family residence, the historic Mary Scott House built in 1813, is located in the highly sought-after Ansonborough neighborhood of Charleston. With 4 spacious bedrooms and 4 bathrooms, this historic home offers an ideal blend of comfort and charm. The property features a well-appointed kitchen, a cozy living room, an elegant dining room, and a welcoming family room. Additionally, there are two finished playrooms, perfect for children or as private retreats.For added convenience, the home includes a mother-in-law or nanny suite, complete with its own full kitchen, living room, bedroom, bath and separate entry, ensuring privacy for guests or extended family.In addition to the main house the property boats a separate 1100 sq ft Carriage House( not part of 5100 sq ft main house ) with two fully furnished 550 sq ft rental units, each with a kitchen, 1 bedroom, 1 bath, and a living room. With a proven rental history, these units average $6,000 per month, totaling $144,000 per year. The property comes with legal short-term rental licensing from the City of Charleston, making it a rare find. Parking is plentiful with 8 off-street spaces, and there's room for 2 more, a significant advantage in this vibrant neighborhood. Another incredible attribute of 11 George is the investment flexibility it could provide. The two units can be leased for approximately one hundred and forty-four thousand a year. Additionally there is opportunity to short term rent the mother in law/nanny suit for another seventy two thousand dollars. With over two hundred thousand dollars in income you can live downtown in southern elegance with your expenses covered! Owner will consider selling the main house along with six parking spots separately. Obviously a house of this stature with ample parking is a one of a kind.