Investment Opportunity

Multi-Family for Sale
Catylist Listing ID: 30646476
Number of Units: 5 Units
Building Size (RSF): 1,658 SF
Sale Price: $799,900
Unit Price: $159,980 Per Unit
Property Use Type: Investment
Building Name: The Park at Rivers Edge
Sale Terms: Cash to Seller
Cap Rate: 6.75%
Average Occupancy Rate: 973
Last Updated: 9/8/2020

Overview / Comments

Two (2) Townhouses 7964 Vermont Road and 5207 Pomfret Street
One Duplex 7970/7972 Weld Street
One Condominium #4101 700 Daniel Ellis Drive

Five units being sold as investment package - solid rental history for all; four units located in North Charleston, remaining in James Island. Properties are in gated communities with all amenities. 7964 Vermont and 7970 Weld are 2 bedroom/2 bath units. 7972 Weld is 3 bedroom/2 bath w/fireplace & garage. 5207 Pomfret is two story, 3 bedroom/2.5 bath unit with fireplace & garage. 4101 Daniel Ellis is 2 bedroom/1bath unit with balcony and fireplace. Four are currently occupied; 5207 Pomfret just went on market listed at $1,650/month. Appliances in all including washer/dryer. Solid P&Ls for past eight (8) years. Regime fees currently paid by Landlord.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 32 - N.Chas./Summerville outside I-526
Taxing Authority: Charleston
Tax ID/APN: 404-02-00-141
Zoning: OTHER
Percent Occupied: 80%
Community Amenities: Outdoor Pool, Community Building, Jogging Paths, Tennis Courts, Play Ground
Property Located Between: 1/4 mile past Cross County Road on Dorchester
Highway Access: Dorchester Road
Airports: Charleston International
Site Description: Well maintained lawns and communities
Area Description: wooded
Total Number of Buildings: 5
Property Condition: Excellent
Number of Stories: 1
Year Built: 2009
Roof Type: Gable
Construction/Siding: Vinyl Siding
Exterior Description: Vinyl siding townhomes
Parking Description: driveways
Total Parking Spaces: 2
Laundry: In Each Unit
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Fuel: Electric
Air Conditioning: Package Unit
Internet Access: Cable
Interior Description: Units are 2 or 3 bedroom 1, 2 or 2.5 bath. Vinyl plank flooring in three units/carpet 2 units w/fireplaces - appliances in kitchen including washer & dryer. Sliding rear doors
Zoning Description: Multi-family residential R2
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,382 46,611 125,618
Median Age: 35.88 33.27 33.65
Households: 2,953 17,666 48,314

Contact

Photograph of Listing Agent

Patty B Wilson

Brooks & Khoury LLC SCCMLS Member
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