Exceptional value-add investment and redevelopment opportunity in one of Charleston's most sought-after locations. This 8-unit townhome community presents a rare chance for investors and developers to reposition a multifamily asset with substantial upside. Ideally situated within the City of Charleston, the property is just steps from Avondale's popular restaurants, shops,… Read More and entertainment, including Pearlz Oyster Bar and Triangle Char & Bar.The property currently generates approximately $13,750 in monthly rental income, with several units leased below market rates and one vacant unit ready for renovation and lease-up. Investors have multiple value-creation strategies to consider, including renovating units to achieve market rents and holding for long-term cash flow, selling as a stabilized multifamily investment, or establishing a condominium regime and selling the townhomes individually (subject to applicable approvals). Each townhome averages approximately 900 square feet and features a private courtyard along with off-street parking for two to three vehicles--an increasingly rare amenity in this highly desirable location. With strong rental demand, flexible exit strategies, and significant upside potential, this property represents an outstanding investment opportunity in the Charleston market. Read Less
Courtesy of Chamberlain Chesnut Real Estate
Listing Snapshot
Days Online
1
Last Updated
Property Type
Residential Income
Square Ft.
7,200
Lot Size
0.71 Acres
Year Built
1967
MLS Number
26020935
30 Days Snapshot Of 29407
$719k
-2%
(avg) sold price
37
-19%
homes sold
61
-22%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1967, 2 stories, Construction materials: "Brick Veneer", "Stucco", "Wood Siding", Other structures: No
Lot
0.71 acres, 30,928 square feet, Area: 0.71
Roof
Architectural
Sewer
Public Sewer
Utilities
Charleston Water Service, Dominion Energy
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