Property Description:

Modern 1, 2, and 3-bedroom apartments, just 7 miles (approximately 15 minutes) from downtown Charleston and 20 minutes from Folly Beach. These thoughtfully designed apartments feature walk-in closets, private balconies, and energy-efficient appliances, making them the perfect blend of comfort and convenience.

The location ensures easy access to the city’s best restaurants, shopping, and employers, while on-site amenities like a swimming pool, fitness center, and dog park enhance the resident experience.

Investment Highlights

• 1-3 Bedroom Units: Rent ranges from $1,490 - $2,050/month
• Up to 8+ Units Available for Lease
• Utilities Not Included (Water & Sewer in Building Name, $7 Pest Fee, Trash Avg $10/Month)
• One Month Free Lease Special
• 2-Bedroom, 1.5-Bathroom: Rent: $1,435 | Annual Revenue: $46,100+ | Monthly Profit: $2,127
• 3-Bedroom, 2-Bathroom: Rent: $1,990 | Annual Revenue: $84,000+ | Monthly Profit: $4,600+

Apartment Features

• Walk-in closets
• Private balconies
• Stainless steel appliances
• Washer/dryer connections
• Hardwood & carpeted flooring
• Wireless & high-speed internet access

Community Amenities

• Swimming pool
• Fitness center
• Amazon Hub Lockers
• Dog park
• On-site laundry facility
• Garages available for lease

Rental Terms & Fees

• Security Deposit: $300 per unit
• Lease Length: 1 Year+
• Utilities: Not included (Water & Sewer in building name, $7 pest fee, trash avg $10/month)
• One Month Free Lease Special

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In Charleston, South Carolina, short-term rental (STR) regulations are strict, particularly for non-owner-occupied properties. Here are the key points:General Rules for Short-Term Rentals

1. Owner-Occupied Requirement: Short-term rentals are generally allowed only in owner-occupied homes. The property must be the owner's primary residence, verified through the 4% Legal Residence tax exemption. Non-owner-occupied properties are largely prohibited unless located in commercially zoned areas within the Short-Term Rental Overlay District23.
2. Occupancy Limits: A maximum of four adults is allowed per STR unit, regardless of property size or bedroom count12.
3. Zoning and Permits:
   • All STRs must comply with zoning laws.
   • A short-term rental permit and a business license are required. These must be renewed annually24.
4. Parking Requirements: Properties must provide at least one off-street parking space per bedroom in addition to parking for the primary residence13.
5. Safety Standards: STRs must meet fire safety standards, including smoke detectors, fire extinguishers, and emergency exits1.
6. Local Contact: A responsible party must be available 24/7 to address issues and respond within 30 minutes1.

Non-Owner-Occupied Rentals

Non-owner-occupied STRs are generally not permitted unless they are located in specific commercial zones within the Short-Term Rental Overlay District. These properties must still adhere to occupancy, parking, and safety requirements36.

Enforcement and Penalties

Charleston has a dedicated enforcement team to ensure compliance with STR regulations. Violations can result in fines, permit revocation, or legal action. The city does not "grandfather in" illegal STRs; all properties must comply with current regulations26.

Additional Considerations

• Homeowners associations (HOAs) or neighborhood covenants may impose stricter rules than city ordinances1.
• Operators must collect accommodations taxes from renters2.

For non-owner-occupied properties, it is essential to verify if the property is in a zone where such rentals are allowed and to obtain all necessary permits and licenses.