24 Hanover Street

Description

Renovated Downtown Charleston Home with Detached Guest Suite - Income Potential & Prime Location Near Union Pier! This beautifully updated historic home is located just three blocks from King Street in one of Charleston's fastest-growing and most dynamic neighborhoods. A fully renovated detached guest suite with its own private entrance and parking is currently generating over $1,500/month in short-term rental income, offering immediate cash flow for Airbnb or VRBO investors. Set in a flourishing area already buzzing with restaurants, cafes, parks, and nightlife, the property also sits just 0.09 miles from the future entrance to Union Pier, a transformational 65-acre waterfront redevelopment that will introduce world-class parks, retail, dining, and cultural spaces along Charleston's harbor front. Inside the main home, you'll find original hardwood floors, a shaded front porch, and a private courtyard; alongside recent upgrades including all-new appliances (2023/24), updated bathrooms and vanities with stone countertops, a Kingston brass kitchen faucet (2024), Rinnai tankless water heater, and a stainless undermount sink. All light fixtures, door hardware, and interior/exterior paint were refreshed in 2023/24. Electrical was updated in 2022, plumbing in 2023/24, and new fencing and under-house insulation were completed in 2023/24. Union Pier, now under contract with a long-term community-focused developer, will reshape the surrounding district into a walkable, accessible waterfront neighborhood with extensive green space, mixed-income housing, resilient infrastructure, and a vibrant public realm. This historic shiftcombined with nearby projects like the Lowcountry Lowline urban trailmakes this property an exceptionally smart buy for future passive income. Whether you're looking for a primary residence, second home, or an income-producing investment, this is a rare chance to own in the heart of Charleston just as the waterfront evolves into a new era of lifestyle, culture, and value.