221 Ashley Ave - Apartments FOR SALE


Charleston, SC 29403- Cannonborough-Elliottborough
$4,850,000 USD
843-823-4078
221 Ashley Ave, Charleston, SC for Sale
$4,850,000 USD
Apartments - FOR SALE
1/81
null | Request Cap Rate

221 Ashley Ave
Charleston, SC 29403
Cannonborough-Elliottborough


HIGHLIGHTS

  • Unique property - renovated wedding chapel turned STR
  • Off street parking
  • Incredible location
  • Three renovated units

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,850,000 USD

PRICE/SF

$1,061 USD /SF

# OF UNITS

3

PRICE/UNIT

$1,616,667

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1995

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

Conforming

APN/PARCEL ID

460-11-04-081

ASK ABOUT THIS PROPERTY

Jonathan HoltCharleston DigsMore Info
843-823-4078

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Jonathan HoltCharleston DigsMore Info
843-823-4078

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.