Listed by Matt O'Neill
$1,293,000
8 Unit Multi-Family in Summerville
Details
APN 1530500032/1530500029/1530108001
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Square Footage 7,899
Units 8
Cap Rate 4.56%
NOI $88,115
Occupancy 83%
Pro-Forma Cap Rate 9.21%
Pro-Forma NOI $178,635
Price per SqFt $164
Class C
Year Built 1984
Buildings 3
Stories 2
Acreage 0.880
Zoning Dorchester - N-R - Neighborhood Residential
8 Units Multifamily in Charleston MSA
Marketing description
Rare opportunity to acquire an 8-unit multifamily portfolio in the desirable Summerville submarket of Charleston, SC. This portfolio consists of two quadplexes, located on Magwood Drive and Jedi Lane, each featuring well-designed two-bedroom, one and a half bath units.The properties are ideally situated near major employers (Boeing: 13.8 miles, Volvo: 16.1 miles, and the Joint Naval Base: 17.6 miles), retail and dining (downtown Summerville: 3.7 miles and Nexton Square: 6.5 miles), and key transportation routes (I-26: 5.5 miles), offering tenants convenience. Summerville continues to experience impressive population growth, making it potentially one of the most desirable submarkets in the Charleston MSA for multifamily investment.With a prime location in a high-demand rental corridor, this 8-unit portfolio has so much to offer. Whether you're looking to expand your portfolio or enter the Charleston multifamily market, Magwood Drive & Jedi Lane represent a great potential investment opportunity.Sold As-IsIncludes TMS#153-05-00-032 and #153-01-08-001
Listing Contacts
Listed by Matt O'Neill
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$88,115.00
$7,342.92/mo
Valuation Metrics
0
DSCR
6.81%
Cap Rate
6.81%
ROI
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Name
License
Brokerage
Is there information that looks off?
