Taking offers on a great multifamily investment opportunity in a rapidly growing area. This property has great potential and consists of 4 units: 2 - two bedroom and 2 - one-bedroom apartments. Once renovated, the quadplex is capable of generating a gross monthly income of over $3000, based on comparable properties. The immediate area is changing quickly with continued growth on the old navy base, plans to re-develop the naval hospital into 300+ apartments, and construction under way of a 165,000 sq ft commercial office space. The Lowcountry Rapid Transit system will also run very close by. The property is in need of repair, Buyer will need to determine the level of updates depending upon their strategy. This offering price reflects an as-is sale, no repairs will be made.Four individual electric meters. Electric panels, plumbing, vinyl siding, roof, windows, and doors were all updated 10-15 years ago. Agent is part owner.
Listing Date: 05-17-2021
Sold Date: 07-09-2021
Aprox Days on Market: 
1 month(s), 21 day(s)
Listing Sold: 
2 Year(s), 9 month(s), 19 day(s) ago
Original Asking Price: $199,000
Asking Price: $199,000
Selling Price: $185,000
Price Difference From Original:
Reduced By $14,000
Price Difference From Asking:
Reduced By $14,000
Grazing Permits Forest Service: Yes
Grazing Permits Private: Yes
Grazing Permits Blm: Yes
Horse: No
Farm Credit Service Incl: Yes
Community Features: Bus Line
Year Built: 1940
Rent Control: No
Pool Private: No
Garage: No
Attached Garage: No
Interior Features: Ceiling Fan(s)
Fireplace: No
Lot Size: 0.10
Lot Size Units: Acres
Acres: 0.10
Lot Sqft: 4356
Irrigation Water Rights: Yes
Mobile Home Remains: Yes
Property Type: B
Stories: 2
Foundation: Crawl Space
Exterior: Vinyl Siding
New Construction: No
Roof: Asphalt
Building Area Units: Square Feet
Special: Handy Man Special
Entry Location: Ground Level
View: No
Home Warranty: Yes
Habitable Residence: Yes
Structure Type: Quadruplex
Beds: 6
Sold Date: 2021-07-09T00:00:00
Lease Renewal Option: Yes
Lease Considered: Yes
Lease Assignable: Yes
Unit Sqft: 568
Unit Sqft: 574
Unit Sqft: 456
Unit Sqft: 808
Sqft: 2618
Number of Units Total: 4
Unit Bedrooms: 1
Unit Bedrooms: 2
Unit Bedrooms: 2
Unit Bedrooms: 1
Water Source: Public
Utilities: Charleston Water Service, Dominion Energy
Heating: Yes
Heat: Electric
Water Sewer: Public Sewer
Cooling: Yes
Waterfront: No
Courtesy of listing office Lighthouse Real Estate, LLC