Upper Peninsula Tri-Plex Investment

Multi-Family for Sale
Catylist Listing ID: 30663214
Property Subtypes: Duplex/Fourplex
Number of Units: 3 Units
Building Size (RSF): 4,197 SF
Sale Price: $899,000
Unit Price: $299,666.67 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Building Name: Montford Tri-Plex
Sale Terms: Cash to Seller
Cap Rate: 5.25%
Last Updated: 2/16/2021

Overview / Comments

Turn-key investment property located in Opportunity Zone on the Upper Charleston Peninsula just north of Wagener Terrace. Three separate, identical units each with 1,300 SF / 3 BRs / 2.5 Ba, centrally located, close to Hampton park, restaurants, the upcoming linear low line, and shopping, with easy access to I-26. Low maintenance 2017 construction with natural light, open floor plan, tall ceilings and upgraded appliances and finishes, with private piazzas on the second and third floors. Each unit has individual Rinnai, HVAC units and laundries. Equipped with 5 off-street parking spaces, which are a rare find downtown. Option to live in one unit and rent the other two out, or rent all three out. Close to some of the newest and hottest spots, including, the Workshop, Container Bar, Rutledge Cab Company, Park Cafe and Rodney Scotts Barbecue. 2.5 Mi. Bike ride to College of Charleston or MUSC / 9 mi. to Charleston International Airport / 9 mi. to Sullivan's Island beach.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 52 - Peninsula Chas. outside of crosstown
Tax ID/APN: 4641400020
Zoning: GB - General Business
Percent Occupied: 67%
Property Located Between: Rutledge Ave and King St
Highway Access: Easy on/off to I-26 (5 mins)
Airports: Charleston International Airport (15 mins)
Area Description: Opportunity Zone on the rapidly-developing upper peninsula of Charleston, SC. Just north of popular Wagener Terrace neighborhood
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 3
Year Built: 2017
Construction/Siding: HardiePlank Siding
Parking Type: Surface
Parking Description: Off-street parking (side by side)
Total Parking Spaces: 5
Laundry: In Each Unit
Sprinklers: Wet
Heat Type: Electricity
Heat Source: Central, Heat Pump
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,858 65,890 139,188
Median Age: 38.04 34.69 35.73
Households: 3,920 27,081 58,410


Photograph of Listing Agent

Matthew DeAntonio

Carroll Realty SCCMLS Member
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