The Kohler Team at KW Commercial is proud to introduce SANDOVER APARTMENTS - a prime multifamily opportunity located in NORTH CHARLESTON, SC. This fantastic 137-unit community features a mix of 1- and 2-story buildings across 5.93 acres, delivering a total net rentable area of 97,245 SF with a density of 28.13 units per acre. Built in 1973, the property offers units averaging 710 SF. Residents benefit from individual electric systems, copper plumbing, and forced-air HVAC, ensuring comfort and convenience. The property includes 18 residential buildings and a laundry facility, all amidst ample parking with 184 spaces (1.34 per unit). Don't miss this unique opportunity to own a piece of North Charleston's thriving real estate market at the SANDOVER APARTMENTS. This is a True Value Add opportunity with a small number of units having been renovated over the past 3 years. Also, included in the sale is an additional 3 lots of vacant land equaling almost 1.5 acres that could accommodate another 40+ units to be added to the community.
*NOTE: The property is offered without any assumable debt or seller financing. This sale will be new debt OR cash.
● 137 Value-Add apartments, circa 1973, 5% renovated.
● Over $1M of CapEx invested by current ownership in the last 3 years, including gut-rebuilds
● Opportunity to renovate 129 classis units to market quality
● 3 Parcels, totaling 1+ acres, of raw dirt ready for additional units, up to 28 by-right
● Strong local economy and local MSA demographics
● Wood Frame; Slab construction
● Copper/PVC Plumbing
● Individually Metered Water & Electric
● No creative debt offered; No seller note; No Assumable Debt
● Management will consider staying in place