Catylist ID: #30819840
Multi-Family for Sale in North Charleston!!!
Multi-Family for Sale
|Catylist Listing ID:||30819840|
|Number of Units:||8 Units|
|Building Size (RSF):||5,376 SF|
|Gross Building Area:||See Agent|
|Gross Land Area:||0.22 Acres|
|Unit Price:||$104,750 Per Unit|
|In Opportunity Zone?||Yes|
|Property Use Type:||Investment|
Overview / Comments
Matt O’Neill Real Estate Commercial is pleased to offer this eight unit apartment building in an Opportunity Zone between Downtown Charleston and Park Circle. The property consists of eight 2br/1ba units and expresses plenty of opportunity for the next owner. The complex is 1 block away from Charleston’s first Mass Rapid Transit System, the Lowcountry Rapid Transit and will have a designated stop at Reynolds Ave. The project is going online in 2026. The City of North Charleston recently took ownership of Reynolds Ave from The State of SC and has plans to add parking as well as redo the streetscape. The City’s redevelopment concept is similar to the work done on E Montague/Park Circle. The City of North Charleston also plans to further develop the land previously used as the Naval Base with residential and commercial opportunities.
All units are separately metered for electricity (except for one meter shared by two units), and water, sewer, and electric are the responsibility of the tenants. Five of the eight units have been renovated. Market rent is $1100/unit.
Showings will be done after an offer/LOI is presented to the seller.
*Seller is a licensed Real Estate Agent
Attachments & Media
|Nearest MSA:||Charleston-North Charleston|
|Submarket/Township:||31 - N.Charleston Area inside I-526|
|Site Description:||Opportunity Zone hot area between Downtown Charleston and Park Circle.|
|Area Description:||Residential area with homes and apartment buildings|
|Total Number of Buildings:||1|
|Number of Stories:||2|
|Zoning Description:||R-2 Multi-family residential district|
|Lot Frontage:||85 ft|
|Legal Description:||LOT 20 & 21|
|Proximity:||1 mile||3 miles||5 miles|
Paul S KeltonMatt O'Neill Real Estate SCCMLS Member
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