Listed by ALIGN'D PROPERTIES
$999,000
7 Kyle Place
Details
APN 460-04-04-013
Property Type Multifamily, Hospitality
Square Footage 1,296
Units 2
Cap Rate 2.31%
NOI $25,381
Pro-Forma Cap Rate 4.03%
Pro-Forma NOI $44,354
Price per SqFt $849
Class A
Year Built 1940
Year Renovated 2016
Buildings 1
Lot Size (SqFt) 2,334
Zoning SR-1
Parking Spaces 3 spaces
Parking Per SqFt 2.31
Active and Licensed Cat 2 STR
Investment highlights
- Introducing 7 Kyle Place, a prime investment opportunity featuring an active and legally compliant live in short-term rental unit in Wagner Terrace district of downtown Charleston.
- Units: The property comprises two well-maintained units, each consisting of 2 spacious bedrooms and 2 full bathrooms. The units are designed to provide a comfortable and welcoming environment for short-term and long term renters alike.
- Financial Potential: Stable Income: The property is currently generating stable income through its active short-term rental unit, with immediate revenue increase potential. Current owners limited weekday stays, decreasing occupancy rate.
- Gross Revenue: The annual revenue for the short term unit was $ 48,317 in 2025. Weekday bookings were limited by owners, opportunity for raised income by allowing weekday bookings.
- Long Term Rent Projections. $ 84,000 annually. $3,500 per unit for renovated 2/2 in Wagner Terrace area. Mid term rent for higher rates, as units are furnished.
Listing Contacts
Listed by ALIGN'D PROPERTIES
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$25,381.00
$2,115.08/mo
Valuation Metrics
0
DSCR
2.54%
Cap Rate
2.54%
ROI
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