North Charleston SC Multi Family for Sale
- Type:
- Townhouse
- Sq.Ft.:
- 6,657
- Status:
- Active
- Beds:
- 9
- Lot size:
- 0.12 Acres
- Year built:
- 2005
- Baths:
- MLS#:
- 24019444
- Subdivision:
- Lake Palmetto
View additional info
Courtesy: Tift Properties
ADDITIONAL INFORMATION
Three active short term rentals sold fully furnished generating over 300,000 per year in income. All future bookings will transfer upon sale complete pass through investment at a high rate of return. Agents and buyers search through loopnet, crexi, mls, or any other real estate platform and try to find a pass through cap rate at 8.5%. The rentals have many five star reviews with streamlined management already in place. All three rentals are unique booking experiences since they are lake front (these units consistently rent higher than well known park circle rentals) and can accommodate a large family due to each townhome being over 2200 sq ft. Since the properties are fee simple and built after 2004 maintenance is minimal without worry of an overbearing HOA or large assessments.The neighborhood is a short drive to bustling Park Circle's restaurants and shops, near the North Area brewery district and up and coming Navy Yard, and is just a few minutes from the Paradiso at Mixson, a family friendly club with a large, heated saltwater pool, cabana rentals, co-working spaces, a restaurant, and regular social events. Lake Palmetto is also moments to Charleston International Airport for quick weekend getaways or incoming guests.
- Type:
- Duplex
- Sq.Ft.:
- 8,928
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 1.22 Acres
- Year built:
- 1973
- Baths:
- MLS#:
- 24007429
- Subdivision:
- Fetteressa
View additional info
Courtesy: The Boulevard Company, LLC
ADDITIONAL INFORMATION
**Signed Engineer Letter stating 2 additional Multi-Family Units are allowed to be built on the property.** Inviting and charming 10 Unit complex tucked right off exploding Dorchester Road. This area in North Charleston is seeing massive growth! Even with a total of 5 buildings (10 units), this unique property is very spacious with expansive green space. The property consists of FIVE -3br,1ba units, Four -2br,1ba units, and One -2br/1.5ba unit. Brand new roofs on all buildings! All units are separately metered for electricity & water and it is the tenants responsibility. Multiple large green space areas give so much extra creative potential. New Washer / Dryer hookups in all units.Leases are showing market rents at this complex to be $1900 for 3 bedroom units and $1500.00 for 2 bedroom units. The complex is 0.5 miles from I-526, 3.3 miles from the I-526 / I-26 interchange, 3.1 miles away from Tanger Outlets, 4.9 miles away from Joint Base Charleston. Roper St Francis is also planning to be building their new campus close to Tanger Outlets.
Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2024 Charleston Trident Multiple Listing Service, Inc. All rights reserved.
North Charleston Real Estate
The median home value in North Charleston, SC is $272,000. This is lower than the county median home value of $511,600. The national median home value is $338,100. The average price of homes sold in North Charleston, SC is $272,000. Approximately 43.14% of North Charleston homes are owned, compared to 45.41% rented, while 11.45% are vacant. North Charleston real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a North Charleston real estate agent to arrange a tour today!
North Charleston, South Carolina 29418 has a population of 114,542. North Charleston 29418 is more family-centric than the surrounding county with 30.88% of the households containing married families with children. The county average for households married with children is 28.39%.
The median household income in North Charleston, South Carolina 29418 is $52,264. The median household income for the surrounding county is $70,807 compared to the national median of $69,021. The median age of people living in North Charleston 29418 is 33.7 years.
North Charleston Weather
The average high temperature in July is 90.3 degrees, with an average low temperature in January of 38 degrees. The average rainfall is approximately 49.4 inches per year, with 0.5 inches of snow per year.