4 Unit Multi Family 10% cap

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30384476
Property Subtypes: Duplex/Fourplex
Status: Pending/Contingent
Number of Units: 4 Units
Building Size (RSF): 2,600 SF
Gross Building Area: See Agent
Gross Land Area: 0.75 Acres
Sale Price: $235,000
Unit Price: $58,750 Per Unit
Property Use Type: Net Leased Investment (NNN)
Usable Size (USF): 2,600 SF
Sale Terms: Cash to Seller
Cap Rate: 10.0%
Average Occupancy Rate: 100
Last Updated: 2/28/2019

Overview / Comments

Quiet and country like setting on this large lot with 3 single family homes and 1 mobile home. All units in good condition.

Income:
3 homes rent for $775.00 per month
1 mobile home is owner occupied but would rent for $850.00 .
Total; $3,175.00. or $38,100.

Expenses:
Taxes: $1520.64
Water: $2480.00
Repairs:$1525.00
Total: $5525.64

NOI: $32,574.36
Cap rate:10%

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 32 - N.Chas./Summerville outside I-526
Taxing Authority: Charleston County
Tax ID/APN: 47315000022
Zoning: R-4 - Single Family Residential 4 District
Percent Occupied: 100%
Highway Access: I-26
Airports: Charleston INternational , 15 minutes from property.
Year Built: 1960

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,988 45,983 115,912
Median Age: 34.87 32.81 33.13
Households: 3,986 17,767 44,660

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