Six-Unit Apartment Building!

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30716907
Status: Pending/Contingent
Number of Units: 6 Units
Building Size (RSF): 6,600 SF
Gross Building Area: See Agent
Sale Price: $660,000
Unit Price: $110,000 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Other
Cap Rate: 7.0%
Last Updated: 7/15/2021

Overview / Comments

Great opportunity! This six unit apartment building is conveniently located close to Rivers Ave and I-26. Each unit includes three bedrooms, and one and a half bathrooms, and the parking lot can accommodate 6-8 cars. All units are currently rented. The current owners have made the following improvements during ownership: painted exterior, replaced 95% of appliances including HVAC units, flooring in all units, painting in all units. Close to the new Lowcountry Rapid Transit route (Near ''Reynolds Ave'' stop). Current revenue: $4600 per month or $55,450 per year. Tenants pay water, sewer, and electric. TMS # 469-08-00-059 and TMS # 469-08-00-060

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 31 - N.Charleston Area inside I-526
Taxing Authority: City of North Charleston
Tax ID/APN: 4690800059,4690800060
Percent Occupied: 100%
Property Located Between: On Florida Ave between Ubank St and Reynolds Ave
Highway Access: I-26
Airports: CHS
Site Description: Residential area
Area Description: Residenital
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 2003
Construction/Siding: Vinyl Siding
Exterior Description: "L" shaped, two-story structure with yellow vinyl siding and wood railing
Parking Type: Surface
Parking Description: Concrete parking lot
Total Parking Spaces: 8
Water Service: Municipal
Sewer Type: Municipal
Legal Description: LT's 32 & 33. TMS # 469-08-00-059 and TMS # 469-08-00-060

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,074 39,894 134,202
Median Age: 33.38 35.41 34.29
Households: 3,146 15,203 54,346


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