24 Hanover St, Charleston, SC 29403

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 shift combined with nearby projects like the Lowcountry Lowline urban trail makes 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.