Investment Opportunity - C-Store & Mobile Home Park

Multi-Family for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30725861
Property Subtypes: Mobile Home Park
Number of Units: 8 Units
Building Size (RSF): 2,717 SF
Gross Building Area: See Agent
Sale Price: $1,050,050
Unit Price: $131,256.25 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/9/2021

Overview / Comments

5137 and 5139 N Rhett Avenue. This property includes a 2,717sf c-store and a 7-unit mobile home park centrally positioned in North Charleston. The property totaling 1.39 acres has easy access to I-526 and is in close proximity to popular Park Circle. This property serves as an excellent investment or future development opportunity.

- Current income is approximately $2,445/month Gross for the c-store and $5,950/month Gross for the mobile homes.
- All mobile homes do convey in as-is, where-is condition.
- Owner does not have title to all mobile homes.
- Current c-store store tenant has first right of refusal for all offers.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 31 - N.Charleston Area inside I-526
Tax ID/APN: 4710700001
Area Description: North Charleston is a vibrant city that attracts more than 2 million visitors annually. This thriving, business friendly area is a major economic driver of the 800,000-person Charleston, SC MSA. North Charleston brings an atmosphere of prosperity, excitement, and continued growth to the hub of the Lowcountry.
Year Built: 1978

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,296 44,713 107,516
Median Age: 35.07 33.44 34.55
Households: 3,811 17,465 42,164

Contact

Photograph of Listing Agent

Blair A Belk

Belk / Lucy SCCMLS Member
Photograph of Listing Agent

Trey E Lucy, III

Belk / Lucy SCCMLS Member
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