Who doesn't want to own a piece of the low country? The Charleston, SC rental market continues to escalate with more and more "snow birds" moving to the area. One of my favorite aspects of this type of investment is the ability to utilize AirBnB & VRBO on a short-term basis to generate income. However, you have to be mindful that the property is in the "Short Term Rental Overlay," which Charleston County has restrictions on the number of days you can rent out these properties on a short-term basis.
Here are my suggestions for the best Duplexes on the market today:
54 Hanover St. Charleston, SC
- List Price: $1,295,000
- 2 Units: 2 Beds / 2.5 Baths
- This house comes with 4 parking spaces, perfect for short-term rentals for guests.
- List Price: $970,000
- 2 Units: 2 Beds /1 Bath
- Units renovated in 2017, making CAPEX expenses low over the length of ownership of the investment.
- List Price: $1,295,000
- 2 Units: 1 Bed / 1 Bath & 2 Beds / 2 Baths
- 2 Off-street parking spots with 2 separate dwellings, meaning that the rentals are separated.
So which one would Cassidy buy? Based on the perfect location, lots of parking, renovations, and the potential for long-term growth, I believe the best asset of this bunch over the long term is 54 Hanover St. Charleston, SC.
If you are interested in exploring an investment in the Charleston, SC market, please reach out.
Happy Investing!
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