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.
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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 |
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 |
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