$1,750,000 -> $1,750,000 on 10/05/2021 |
20 unit apartment complex in hot area in the path of progress between Park Circle and Downtown. 21st unit is a coin-fed laundry rm with full bath as storage/security room. Complex has video security, six-foot perimeter fence, surface parking and central HVACs. Unit mix is 18 - 1 bd 1 ba and 2 - 2 bd 1 ba. Owner pays water and most power. New roof in 2019 and multiple new HVACs. Current rent roll is $16,570. Some legacy tenants, opportunity to boost rents. Opp Zone. Find 2019-20 P&Ls, current rent roll and 2021 YTD and T-12 attached; financing quote, and underwriting by John Brady of CBRE attached.City of N Charleston took over Reynolds Ave, added parking; has plans to streetscape Reynolds similar to the efforts undertaken that transformed Montague/Pk Cir.Owner is agent
LISTED BY Horne Realty, LLC, (843) 875-4676