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221 Ashley Ave
Charleston, SC 29403
Multifamily Property For Sale
·
3 Units
Investment Highlights
- Unique property - renovated wedding chapel turned STR
- Incredible location
- Off street parking
- Three renovated units
Executive Summary
The Chapel Lofts offers an exceptional opportunity to own a legal, fully licensed, income-producing short-term rental property located in the heart of downtown Charleston. This unique offering includes three separate units totaling 13 bedrooms, with the rare bonus of 8 off-street parking spaces. Originally constructed in 1994 as a wedding chapel, the striking front building was thoughtfully renovated in 2012 to create a stunning 5-bedroom, 4.5-bath residence. Its open-concept living space boasts soaring vaulted ceilings and a spacious kitchen and lounge area ideal for entertaining. Also built in 2012, the rear carriage house features two 4-bedroom, 4-bath units, each designed with style, comfort, and guest experience in mind. Interiors throughout all three units are beautifully decorated and updated, offering turnkey functionality for continued short-term rental success. All furnishings and décor convey with the sale for seamless operational continuity. Perfectly positioned on desirable Ashley Avenue, this property is just a short stroll to Charleston's celebrated dining, shopping, and cultural attractions. Whether you're expanding your investment portfolio or seeking a rare STR-compliant asset in Charleston, The Chapel Lofts delivers unmatched charm, income potential, and location.
Property Facts
| Price Per Unit | $1,616,667 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 4,571 SF |
| No. Units | 3 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1995/2012 |
| Property Subtype | Apartment | Parking Ratio | 1.75/1,000 SF |
| Zoning | Conforming - Limited Business and in Short Term Rental Overlay | ||
| Price Per Unit | $1,616,667 |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Lot Size | 0.17 AC |
| Building Size | 4,571 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1995/2012 |
| Parking Ratio | 1.75/1,000 SF |
| Zoning | Conforming - Limited Business and in Short Term Rental Overlay |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Microwave
- Washer/Dryer
- Heating
- Ceiling Fans
- Eat-in Kitchen
- Kitchen
- Granite Countertops
- Vaulted Ceiling
- Refrigerator
- Stainless Steel Appliances
- Range
- Grill
- Family Room
- Patio
- Window Coverings
Site Amenities
- Courtyard
- Laundry Facilities
- Furnished Units Available
- Grill
- Community-Wide WiFi
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+4 | 2 | - | - |
| 5+4.5 | 1 | - | - |
Property Taxes
| Parcel Number | 460-11-04-081 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $198,000 |
Property Taxes
Parcel Number
460-11-04-081
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$198,000
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