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$1,785,000
Est. payment /mo
40,075 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 40,075 sqft
Price per Sqft $44
MLS Listing ID 31005721
Lot Size 0.920 Acres
Acres 0.92
Property Sub-Type Multi Family
Property Description
This scattered-site portfolio in North Charleston presents a compelling potential investment opportunity with a diverse mix of turnkey unit types, including one quadplex, three duplexes, and a single-family home, totaling 11 units. Currently generating a monthly gross rent of $17,476 (10 of the 11 units are currently occupied), the portfolio offers a 6.14% cap rate and an attractive Gross Rent Multiplier (GRM) of 8.51. Located in both Charleston and Dorchester counties, these properties have undergone recent interior and exterior renovations and are well-positioned to benefit from the continued growth of the Charleston MSA. With these stabilized assets, this portfolio potentially provides investors with both immediate cash flow and long-term appreciation potential. The sale includes multiple properties concentrated across key areas, making management efficient despite the scattered-site nature. Investors looking to capitalize on Charleston's dynamic rental market will find this portfolio an ideal addition to their holdings. Sale includes the following: 7636 Hunters Ridge Lane, 7638 Hunters Ridge Lane, 7640 Hunters Ridge Lane, 7642 Hunters Ridge Lane(172-08-01-009), 3102 Azalea A (469-13-00-150), 3102 Azalea B (469-13-00-151), 3100 Azalea A (469-13-00-152), 3100 Azalea B (469-13-00-153), 2258 Rebecca A, 2258 Rebecca B (472-14-00-207), 20 Stratton Dr (172-11-05-006)
Location
State SC
County Charleston
Zoning City of North Charleston - R-2 - Multi-Family Residential District
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Listed by Paul Kelton • Matt O'Neill Real Estate
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