5 Plex Downtown Cannonborough/Elliotborough

Multi-Family for Sale
Catylist Listing ID: 30344820
Number of Units: 5 Units
Building Size (RSF): 2,680 SF
Gross Building Area: See Agent
Sale Price: $925,000
Unit Price: $185,000 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 6.57%
Last Updated: 7/10/2019

Overview / Comments

This is an opportunity to purchase a 5 plex in Cannonborough/Elliotborough. This property has a long history of rental and would also make a great property for a buyer to reside in with the ability to generate income. This 5 unit property is made up of 2 buildings. the front house has 4 1 bedroom 1 bath apartments and the back house is a 1 bedroom 1 bath bungalow.
A- $1000 until July 31st then Aug 1st $1300
B- $1000 June-July then Aug 1st $1300
C- $1200
D- $1400
E- $1400

All units are leased now...
B will be Vacant until May 31st.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 51 - Peninsula Chas. inside of crosstown
Tax ID/APN: 460-12-01-023
Year Built: 1975

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 22,813 57,959 138,768
Median Age: 27.47 34.25 36.41
Households: 9,289 24,545 58,092
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