219 Bonnoitt ST Active Save Request In-Person Tour Request Virtual Tour
Moncks Corner,SC 29461
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 65,775 sqft
Price per Sqft $81
MLS Listing ID 31005479
Year Built 1971
Lot Size 1.510 Acres
Property Sub-Type Multi Family
Property Description
Located just 2.5 miles from Lake Moultrie and within the Charleston metro area, Santee Run features two apartment buildings with a total of 40 units, including 16 two-bedroom and 24 one-bedroom apartments. Approximately 75% of these units have been renovated or rebuilt in the last five years.The property generates a Gross Potential Rent of $440,400 annually, with a potential increase to $552,096. This opportunity includes month-to-month lease agreements and substantial parking availability, with one of the buildings newly constructed in 2019.Investors can capitalize on the growing real estate market within the Charleston MSA, with a projected market cap rate of 6.72% and a Gross Rent Multiplier (GRM) improvement from 12.15 to a market GRM of 9.69.This offering is potentially ideal for investors looking to capitalize on the dynamic real estate market in the Charleston region.*New construction in 2019 on one unit.
Location
State SC
County Berkeley
Zoning Berkeley - R4 - Multifamily Residential (small-scale)
Exterior
Parking Features Surface
Building
Sewer Public Sewer
Water Public