$2,000,000
$2,700,000
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37,897 SqFt
SOLD DATE : 12/05/2024
Key Details
Sold Price $2,000,000
Property Type Commercial
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 37,897 sqft
Price per Sqft $52
MLS Listing ID 31003337
Sold Date 12/05/24
Year Built 1967
Lot Size 0.870 Acres
Acres 0.87
Property Description
Fully leased 16 unit multi-family opportunity, only 1 mile from popular Park Circle. All units are 1BR/1BA and all were fully renovated in 2021. In addition, there is residual land on the same parcel for potential additional multi-family development (estimated residual acreage is .35). An additional 16 unit structure was located on the property but was destroyed by fire prior to the current owners purchase. Common area coin-operated laundry leased on both floors (revenue split 50/50 with vendor).
Location
State SC
County Charleston
Zoning City of North Charleston - R-2 - Multi-Family Residential District
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Bought with James Bakker • Lee & Associates - Chas