12 Unit Value Add Apartment

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30416910
Property Subtypes: Low-Rise/Garden
Status: Pending/Contingent
Number of Units: 12 Units
Building Size (RSF): 2,050 SF
Gross Building Area: See Agent
Sale Price: $384,000
Unit Price: $32,000 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 10.0%
Last Updated: 4/30/2019

Overview / Comments

12 Unit apartment complex in Chicora Place neighborhood. Two separate buildings on one parcel. 6 units are currently rented. 6 units were damaged by fire and need renovations. Property performs at a 10% cap rate as is with only 6 units rented. Property is currently under contract.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 31 - N.Charleston Area inside I-526
Tax ID/APN: 469-12-00-326
Total Number of Buildings: 2
Number of Stories: 2
Year Built: 1973

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,878 43,386 136,722
Median Age: 33.56 35.48 34.32
Households: 2,688 16,597 55,055

Contact

Photograph of Listing Agent

Troy F Gandee

Maven Realty SCCMLS Member
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