956 Margaret Drive

Multi-Family for Sale
Catylist Listing ID: 30208370
Number of Units: 10 Units
Building Size (RSF): 920 SF
Gross Building Area: See Agent
Sale Price: $829,000
Unit Price: $82,900 Per Unit
Property Use Type: Investment, Business
Sale Terms: Other
Cap Rate: 0.07%
Last Updated: 11/3/2018

Overview / Comments

Easy income property with tenants currently occupying 8 of the 10 units. Each unit is 2 Beds and 1.5 Baths with laundry/mudroom adjoining the kitchen that opens to an open patio. Future lease rates should be over $900 per unit when leases renew throughout the year producing a solid future cap rate.

All but one unit has had new appliances (new kitchen appliances, ceiling fans, water heater), new carpet, and fresh paint.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Dorchester
Submarket/Township: 62 - Summerville/Ladson Area to Hwy.165
Taxing Authority: Dorchester County
Tax ID/APN: 154-00-00-025
Zoning: OTHER
Highway Access: Easy access to I-26
Airports: Charleston International Airport
Site Description: 0.62 Acres
Area Description: Residential
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 2
Year Built: 1984
Year Renovated: 2016
Roof Type: Arched
Construction/Siding: Brick
Parking Type: Surface
Laundry: In Each Unit
Heat Type: Electricity
Heat Source: Central
Fuel: Electric
Easements: Utilities
Easements Description: Drainage easement in rear of property
Land Ownership: Fee Simple
Legal Description: TMS# 154-00-00-025

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,540 66,481 153,688
Median Age: 32.3 34.19 34.75
Households: 4,851 24,822 57,090


Photograph of Listing Agent

Billy D Gressette

Grescon Development LLC SCCMLS Member
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