9 Residential Apartments on Broad Street!

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30237638
Property Subtypes: Student Housing, Other
Status: Pending/Contingent
Number of Units: 9 Units
Building Size (RSF): 6,099 SF
Gross Building Area: See Agent
Sale Price: $1,995,000
Unit Price: $221,666.67 Per Unit
Property Use Type: Investment
Building Name: 176/178 Broad
Sale Terms: Undisclosed
Cap Rate: 5.0%
Last Updated: 5/7/2018

Overview / Comments

Multi-Family ready for renovation. Nine residential units plus storage building which could be converted into tenth residential unit. Two properties side by side with plenty of parking and lots of charm! Located in the most desirable part of the Historic Charleston community this is a great project for someone who would like to live in one building and rent out the second or a pure investor. The other tms parcel included in this listing is 457-12-01-100. 176 Broad has six units, gross rent is $7550 per month and approx sf is 3875. 178 Broad has three rental units, gross rent is $3900 per month and approx sf is 2224.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 51 - Peninsula Chas. inside of crosstown
Taxing Authority: Charleston
Tax ID/APN: 457-12-01-099 , 457-12-01-100
Total Number of Buildings: 2
Property Condition: Average
Number of Stories: 2
Year Built: 1880
Year Renovated: 1986
Roof Type: Folded Plate
Construction/Siding: Wood Siding
Parking Type: Surface
Parking Description: At least 9 parking spots available on the property.
Total Parking Spaces: 9
Sprinklers: None

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,554 60,455 128,338
Median Age: 28.89 34.56 36.72
Households: 6,912 25,612 54,071
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