956 Margaret Drive

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30208370
Status: Pending/Contingent
Number of Units: 10 Units
Building Size (RSF): 920 SF
Gross Building Area: See Agent
Sale Price: $839,000
Unit Price: $83,900 Per Unit
Property Use Type: Investment, Business
Sale Terms: Other
Cap Rate: 0.07%
Last Updated: 5/1/2018

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 $1000 per unit when leases renew throughout the year producing a future cap rate of more than 0.12

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

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

Contact

Photograph of Listing Agent

Billy D Gressette

Grescon Development LLC SCCMLS Member
© Copyright 2001-2018 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither South Carolina Statewide Commercial MLS nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.