USASCCharlestonEastsideA-B-11 Hanover Street

A, B-11 Hanover Street, Charleston, SC

Name: A, B - 11 Hanover Street, For Sale in Charleston - eXp Realty
Brand: The Boulevard Company
SKU: 26021091
Price: 2200000 USD

House

For Sale

Listed price in listed location currency (USD).

$2,200,000

700

MLS® 26021091

Key Facts
Description
Map

Key Facts

Type Single Family Residence

Levels Residential

Size -

Garage

Taxes

Days Active 1

Lot Size 0.13 Acres

Approx. Age 2022

MLS® Number 26021091

Property Address: a-b-11 Hanover Street, Charleston, SC, 29403

Average square foot calculated using Size range provided by listing agent.

Description

Professional photos coming next week! X Flood Zone - No Flood Insurance Required! A rare opportunity to own two charming 2022 construction homes in pristine condition on one lot just blocks from King Street in the heart of downtown Charleston. 11 Hanover Street offers incredible flexibility for a College of Charleston parent, owner-occupant, or investor. Both buildings have been rented since June 1, 2022, with tenants currently in place through May 31, 2027 (Building A) and April 30, 2027 (Building B). Current ownership has never increased rents, which have remained at $1, 500 per bedroom since 2022, generating $10, 500 per month in rental income. With current market rents ranging from approximately $1, 850-$2, 100 per bedroom, a new owner has significant upside potential to increaseincome at lease expiration. Tenants are responsible for all utilities with the exception of Wi-Fi. The property is eligible for the STR CAT 2 Bed & Breakfast permit, allowing an owner to occupy one of the two buildings at the 4% owner-occupied tax rate while legally operating the other as a nightly short-term rental at the 6% tax rate. Projected gross revenue for owner-occupying Building B and short-term renting Building A is approximately $133, 000 annually. The front home (A) features 4 bedrooms, 4 full bathrooms, and 2, 084 square feet, while the rear home (B) offers 3 bedrooms, 3 full bathrooms, and 1, 378 square feet. Both homes were completed in 2022 and have been meticulously maintained since construction. Properties have recently been landscaped and interiors painted. Additional highlights include metal roofs, tankless water heaters for endless hot water, raised slab foundations (no crawlspace maintenance or moisture concerns), a transferable termite bond through Elam's, PLENTY off-street parking, and the ability to apply for additional residential parking decals through the City of Charleston. Offering an unbeatable downtown location, rare X Flood Zone designation, modern construction, multiple investment strategies, and substantial income potential, 11 Hanover Street is truly a one-of-a-kind opportunity in downtown Charleston.

MLS® Number26021091

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age2022

Basement

DrivewayOff Street

Garage Spaces

HeatCentral, Heat Pump

A/CCentral Air

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Jul 23, 2026List Date

$2,200,000List Price

Commute

Commute

Starting Address

Destination Address

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