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71 Wentworth 71 Wentworth St 5 Unit Apartment Building $14,950,000 ($2,990,000/Unit) Charleston, SC 29401
INVESTMENT HIGHLIGHTS
- Fully furnished with all FF&E included in the price. Located on King Street, the historic, walkable, shopping and dining district.
- Southeast corner of King & Wentworth Streets in Harleston Village, one of the city's most walkable and historic neighborhoods.
- Highly accessible to nearby outdoor spaces like Colonial Lake Park, Marion Square, and Waterfront Park.
EXECUTIVE SUMMARY
CBRE is proud to present an exclusive investment opportunity:
The first public offering of a bundled portfolio of five premier residences within the iconic 71 Wentworth building in Charleston, SC.
This portfolio is priced at $14,950,000 with $856,000 of FF&E included in the price.
This rare acquisition grants the buyer the largest ownership share within the twelve-unit landmark property, strategically positioned on the highly desirable corner of Wentworth and King Street, with garage parking for each unit. These units represent one of the most compelling investment opportunities currently available in Charleston’s luxury residential market.
All five units are currently managed by Inspirato, providing a seamless, fully managed ownership experience with no direct oversight required. This structure, established by the original investor group, ensures a smooth transition and continued operational excellence. This arrangement provides the new owner with annual rent of $759,807. The 10-year leases expire in 2034 with the landlord's right to terminate beginning in July 2029.
Short Term Rental is allowed for all five units which are located in Charleston's Historic Category 1 Short Term Rental zone.
Originally constructed as a grand Masonic Lodge, 71 Wentworth was designed in the Tudor Gothic Revival style by acclaimed 19th-century Charleston architect John Henry Devereux. The building displays remarkable historic details including richly molded, arched windows reaching up to 18 feet in height and awe-inspiring cathedral ceilings soaring between 20 and 40 feet. The second-floor Grand Lodge Room, a magnificent space measuring 60 by 70 feet, once hosted gatherings of over 1,000 people.
This offering is a turnkey investment package tailored for qualified investors. Each residence has been meticulously fully furnished by renowned designer Cortney Bishop, blending historic charm with modern luxury for a truly unmatched aesthetic.
Please see our OM for a general look at the offering.
Further details will be made available upon receipt of a signed NDA.
The first public offering of a bundled portfolio of five premier residences within the iconic 71 Wentworth building in Charleston, SC.
This portfolio is priced at $14,950,000 with $856,000 of FF&E included in the price.
This rare acquisition grants the buyer the largest ownership share within the twelve-unit landmark property, strategically positioned on the highly desirable corner of Wentworth and King Street, with garage parking for each unit. These units represent one of the most compelling investment opportunities currently available in Charleston’s luxury residential market.
All five units are currently managed by Inspirato, providing a seamless, fully managed ownership experience with no direct oversight required. This structure, established by the original investor group, ensures a smooth transition and continued operational excellence. This arrangement provides the new owner with annual rent of $759,807. The 10-year leases expire in 2034 with the landlord's right to terminate beginning in July 2029.
Short Term Rental is allowed for all five units which are located in Charleston's Historic Category 1 Short Term Rental zone.
Originally constructed as a grand Masonic Lodge, 71 Wentworth was designed in the Tudor Gothic Revival style by acclaimed 19th-century Charleston architect John Henry Devereux. The building displays remarkable historic details including richly molded, arched windows reaching up to 18 feet in height and awe-inspiring cathedral ceilings soaring between 20 and 40 feet. The second-floor Grand Lodge Room, a magnificent space measuring 60 by 70 feet, once hosted gatherings of over 1,000 people.
This offering is a turnkey investment package tailored for qualified investors. Each residence has been meticulously fully furnished by renowned designer Cortney Bishop, blending historic charm with modern luxury for a truly unmatched aesthetic.
Please see our OM for a general look at the offering.
Further details will be made available upon receipt of a signed NDA.
PROPERTY FACTS
| Price | $14,950,000 | Apartment Style | Low-Rise |
| Price Per Unit | $2,990,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.22 AC |
| Sale Condition | Bulk/Portfolio Sale | Building Size | 27,000 SF |
| No. Units | 5 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1871/2024 |
| Zoning | City of Charleston- GB - GB-The developer received a permanent exemption to operate short-term rentals, approved by the Board of Zoning Appeals on February 16, 2021. | ||
| Price | $14,950,000 |
| Price Per Unit | $2,990,000 |
| Sale Type | Investment |
| Sale Condition | Bulk/Portfolio Sale |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.22 AC |
| Building Size | 27,000 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1871/2024 |
| Zoning | City of Charleston- GB - GB-The developer received a permanent exemption to operate short-term rentals, approved by the Board of Zoning Appeals on February 16, 2021. |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2.5 | 1 | - | 1,310 |
| 3+3.5 | 4 | - | 1,803 - 2,626 |
1 1
Walk Score®
Walker's Paradise (99)
Bike Score®
Very Bikeable (77)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $199,440 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$199,440
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71 Wentworth | 71 Wentworth St
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