West Ashley Quad-Plex

Multi-Family for Sale
Catylist Listing ID: 30277637
Property Subtypes: Duplex/Fourplex
Number of Units: 4 Units
Building Size (RSF): 6,140 SF
Gross Building Area: See Agent
Sale Price: $565,000
Unit Price: $141,250 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: 8.0%
Last Updated: 5/14/2018

Overview / Comments

Nice producing quad-plex with year long leases and recently turned over for new tenants. All units rent at $1,100 a month and are leased until 2/28/19 at a minimum. Low maintenance brick building with new roof, updated electrical including panels & plumbing in 2012. All units have central HVAC and separate electric & water meters, tenants pay their own bills. Front porches on all units along with fenced in back yards and ample parking. 3 Bed, 1.5 Baths per unit with large living room & dining room with updated kitchens and laundry rooms. Great investment or live in one and rent the rest out, come see what 1552 Evergreen St can do for you!

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $4,050 (Annual)
Gross Operating Income $52,800 (Annual)
Net Operating Income $36,270 (Annual)

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 11 - W.Ashley inside I-526 to Ashley River
Tax ID/APN: 350-07-00-067
Percent Occupied: 100%
Property Located Between: 17 S & Evergreen St
Property Condition: Excellent
Number of Stories: 2
Year Built: 1971
Year Renovated: 2018
Roof Type: Flat
Construction/Siding: Brick/Vinyl Siding
Parking Type: Surface
Parking Description: 7 Off Street Spots plus parking in front of unit
Laundry: In Each Unit
Heat Type: Electricity
Heat Source: Central
Fuel: Electric
Air Conditioning: Package Unit
Internet Access: Cable
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Lt 53 Sec B

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,278 63,459 144,566
Median Age: 37.08 36.38 35.4
Households: 4,809 28,244 60,820

Contact

Photograph of Listing Agent

Peter H Derry

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