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Description
Welcome to Lady Helene, a meticulously crafted four-unit historic property where the charm of the past meets the functionality of the present. Currently, three of these units operate as licensed short-term rental accommodations, fully functional and catering to a discerning clientele. The fourth unit serves as a flexible mercantile space, introducing a dynamic commercial element to the property. With excellent visibility, this space has also been placed in service and is generating above-market returns through a secure long-term NNN lease. This truly remarkable building dates back to the late 1860s and recently underwent an extensive two-year renovation, transforming it into luxurious accommodations that blend historic charm with modern amenities. The renovation process involved meticulous work to restore the building's original storefront features while enhancing its functionality as a hospitality space. This effort was recognized in 2023 with Charleston's highly coveted Carolopolis Award for preservation. The reconfigured floor plan has been revitalized, showcasing beautiful furnishings and modern finishes throughout the units. Each unit is designed to provide a comfortable and stylish living space, perfect for families or groups visiting Charleston. The rental rates start around $400 per night during weekdays, with weekend prices ranging from $785 to just over $1,200 per night, depending on the unit and time of year. It is also offered as a whole house rental, making it an attractive option for both short-term visitors and larger gatherings. Steady increases in annual revenue have been jumpstarted through an early adoption of a whole property marketing policy. *All income data is available upon request. Situated at the intersection of Line and Coming streets and just two blocks from Upper King St., Lady Heléne is ideally located in a rapidly growing section of Charleston. Close to new residential projects and commercial spaces and within the STR overlay, this prime location offers easy access to local attractions, restaurants, and shopping, making it a desirable destination for travelers. Whether you are looking for a unique investment with high growth potential or a well-crafted stabilized piece of Charleston history, this opportunity offers both.
Overview
Property ID:
52056
Type:
Other
Bedrooms:
13
Square:
3,049 ft2
Price:
$6,590,000
Utilities:
Charleston Water Service, Dominion Energy
Water Source:
Public
Sewer Source:
Public Sewer
Community Features:
Bus Line, Club Membership Avabl
Parking Features:
Other
Security Features:
Fire Sprinkler System, Security System
Roof:
Metal
Heating:
Central, Electric, Forced Air, Heat Pump, Natural Gas
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