Ashley/Orrs Portfolio 4 Buildings, 7 Units

Multi-Family for Sale
Catylist Listing ID: 30667765
Property Subtypes: Duplex/Fourplex, Other
Number of Units: 7 Units
Building Size (RSF): 12,825 SF
Gross Building Area: See Agent
Sale Price: $3,750,000
Unit Price: $535,714.29 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 6.14%
Last Updated: 11/19/2020

Overview / Comments

Almost 13,000 SF of desirable, high end rentals, this incredible investment includes 4 buildings, 7 units, 28 bedrooms sprawling over an entire city block. Two modern new builds, w/ 4 units, all 4 br's & 4.5 baths, 1750 sf each. These units are graciously configured to spread out over 3 private floors, w/ highly desirable private roof top decks, luxury kitchens, shiplap ceilings, coastal chic design & views galore. Flanking either end of these new construction buildings, are 2 historic Charleston homes, one fronting Ashley Avenue (2 units) & another fronting Orrs Court (1 unit). Both historic buildings were just renovated in January 2018. All structures raised out of Flood Zone and built to the highest standards. Entire property is fully leased through July 31, 2021

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 52 - Peninsula Chas. outside of crosstown
Tax ID/APN: 4600702049
Total Number of Buildings: 4
Property Condition: Good
Year Built: 2017
Parking Type: Surface
In Flood Plain?: Yes
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 23,557 60,900 143,922
Median Age: 27.27 34.92 35.99
Households: 8,731 25,795 60,487
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