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 income,… Read More with 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. Read Less
Courtesy of Corbin & Co at EXP Realty , Marjorie Corbin
Listing Snapshot
Days Online
263
Last Updated
Property Type
Single Family Residence
Beds
12
Full Baths
12
Half Bath
4
Square Ft.
6,524
Lot Size
0.11 Acres
Year Built
2023
MLS Number
25032458
30 Days Snapshot Of 29403
$1.05M
-5%
(avg) sold price
19
-36%
homes sold
76
-26%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 2023, 3 stories, Levels: 3 Stories, Architectural style: Traditional, Construction materials: Wood Siding, Other structures: Yes, Guest House
Cooling
Central Air
Floors
Wood
Heating
Heat Pump
Interior Features
High Ceilings, Kitchen Island, Ceiling Fan(s), Eat-in Kitchen, Formal Living, Living/Dining Combo
