Charleston, SC 29403,265 Coming St
Charleston, SC 29403,265 Coming St
Charleston, SC 29403,265 Coming St
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$3,250,000
Est. payment /mo
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8 Beds
7 Baths
3,300 SqFt
New

265 Coming St Charleston, SC 29403

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Key Details

Property Type Single Family Home

Sub Type Single Family Detached

Listing Status Active

Purchase Type For Sale

Square Footage 3,300 sqft

Price per Sqft $984

Subdivision Elliotborough

MLS Listing ID 25032458

Bedrooms 8

Full Baths 6

Half Baths 2

HOA Y/N No

Year Built 2023

Lot Size 4,791 Sqft

Acres 0.11

Property Sub-Type Single Family Detached

Property Description

Welcome to 265 Coming Street, a rare, turnkey investment opportunity in the heart of Downtown Charleston, featuring two newly built, architecturally refined luxury residences with long-term, secured income already in place.Both homes are fully leased from 2024 through May 2027, generating $15,700 per month and $188,400 in annual gross incomewith zero vacancy since construction. Unit A is leased at $7,600 per month and Unit B at $8,100 per month, and each lease includes built-in annual rent increases of $100 per bedroom. This escalated structure results in projected income of $16,500 per month and $198,000 annually for 2026, providing immediate cash flow with predictable growth. All tenants have renewed through the full multi-year lease period, offering exceptional income stability rarely found in Downtown Charleston.

Constructed in 2024 by Old City Builders, one of Charleston's most respected high-end historic builders, the property blends enduring craftsmanship with modern efficiency. Designed to complement the surrounding historic fabric, both residences reflect a commitment to longevity, quality construction, and thoughtful architectural detail.
Interior designer, Studio Maman Interiors, brings a refined, architectural sensibility to both homes. Her curated material selections, balanced palette, and attention to scale elevate the interiors to a level more commonly associated with primary residences or luxury short-term rentalssetting these homes apart within the student rental market.

Situated on an X Flood Zone lot (no flood insurance required), the property consists of two separate single-family detached structures, each rising three stories and offering dedicated off-street parking. Zoned DR-2F, the site benefits from efficient land use, modern systems, and long-term flexibility.

Together, the residences total over 3,300 square feet and include eight bedrooms, seven full bathrooms, two half bathrooms, and four off-street parking spaces. Each home offers a thoughtfully designed layout that balances open living areas with private bedroom suites, creating a highly functional and durable living environment well-suited for long-term tenancy.

265 Coming Street represents a rare convergence of secure income, modern construction, architectural integrity, and design-forward execution. With long-term leases already in place through 2027, annual rent escalations, and a proven history of zero vacancy, this property offers a compelling opportunity for investors seeking a stabilized, low-maintenance asset in one of Charleston's most desirable urban corridors.

Location

State SC

County Charleston

Area 51 - Peninsula Charleston Inside Of Crosstown

Rooms

Master Bedroom Ceiling Fan(s)

Interior

Interior Features High Ceilings, Kitchen Island, Ceiling Fan(s), Eat-in Kitchen, Formal Living, Living/Dining Combo

Heating Heat Pump

Cooling Central Air

Flooring Wood

Window Features Window Treatments - Some

Exterior

Parking Features Off Street

Utilities Available Charleston Water Service, Dominion Energy

Roof Type Metal

Porch Porch - Full Front

Building

Lot Description High, Level

Story 3

Foundation Crawl Space

Sewer Public Sewer

Water Public

Architectural Style Traditional

Level or Stories 3 Stories

Structure Type Wood Siding

New Construction No

Schools

Elementary Schools Mitchell

Middle Schools James Simons

High Schools Burke

Others

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Financing Cash,Conventional,FHA,VA Loan


 
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265 Coming St

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Blake Heron

Blake Heron

Agent | License ID: 125922

+1(843) 718-6338

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