Fully-Leased Multi-Family Investment in Park Circle

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30188977
Property Subtypes: Mid-Rise
Status: Pending/Contingent
Number of Units: 8 Units
Building Size (RSF): 7,144 SF
Gross Building Area: See Agent
Sale Price: $849,000
Unit Price: $106,125 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 5.55%
Last Updated: 2/21/2018

Overview / Comments

Welcome to Bexley Commons located in the heart Park Circle. This fully leased property is in walking distance to the new, thriving Spruill Corridor and it is in close proximity to the popular commercial corridor of Park Circle. The site has eight two bedroom/two bath units approximately 879 square feet each. One of the units is currently being used as a common room for residents as well as a gym but could easily be converted back to a 2bed/2 bath unit.  There are six garage bays and individual storage units for each tenant located on the ground level.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 31 - N.Charleston Area inside I-526
Tax ID/APN: 470-08-00-020
Percent Occupied: 100%
Community Amenities: Exercise Room
Property Located Between: Spruill Ave and O'hear Avenue
Airports: Charleston International Airport
Total Number of Buildings: 1
Property Condition: Excellent
Number of Stories: 2
Year Built: 2008
Year Renovated: 2008
Parking Type: Surface, Underground
Laundry: In Each Unit
Heat Type: Electricity
Heat Source: Central
Interior Description: The flooring in each unit is ceramic tile and carpet in the bedrooms and living room. Each unit has three fans and a washer and dryer hook up.
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,776 40,071 111,117
Median Age: 35.01 34.14 34.91
Households: 2,919 14,867 44,637

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