120 Fred St - Apartments FOR SALE


Summerville, SC 29483
$1,550,000 USD
843-408-0858
120 Fred St, Summerville, SC for Sale
$1,550,000 USD
Apartments - FOR SALE
1/4
null | 7.75% Cap Rate

120 Fred St
Summerville, SC 29483


HIGHLIGHTS

  • Located in "The #1 Suburb in the USA" - Daily mail
  • Centrally located in Downtown Summerville
  • Fully Leased With automated management and rent collection in place

OVERVIEW

Birchin Lane Realty Advisors is pleased to present This Fully leased multifamily investment opportunity located in downtown summerville SC. comprised of 8 units, the building underwent a full interior renovation in 2024, featuring all new appliances, HVAC, fixtures, Duration paint, LVP flooring and new tankless water heaters. The low-maintenance brick building, with new systems in place, boasts quartz countertops and stainless steel appliances, offering modern appeal and convenience with 10 on site parking spaces. Situated in the high-demand Summerville area with 100% occupancy, this property presents a seamless, automated management system, with digital access locks on all doors, whole building and branding in place making it an attractive and rewarding investment within the rapidly growing Summerville SC market. Turn key investment opportunity with $156,000 in gross annual rent and low operating costs. Each unit has its own power meter, water is shared for the building. Sale is for the building and .19 Acres of land with frontage on Fred Street The vacant lot facing W 5th North Street is not part of this offering, but could also be purchased for an additional $120,000.00. This lot has preliminary site plan for 3 single family home lots., but could also accommodate town homes. The current N-MX zoning allows for residential and commercial uses.

FOR SALE DETAILS

PRICE

$1,550,000 USD

PRICE/SF

$312 USD /SF

# OF UNITS

8

PRICE/UNIT

$193,750

CAP RATE

7.75%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments, Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

NMX_SV

APN/PARCEL ID

130-15-13-002

ASK ABOUT THIS PROPERTY

Jesse LongBirchin Lane Realty Advisors, LLCMore Info
843-408-0858

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Jesse LongBirchin Lane Realty Advisors, LLCMore Info
843-408-0858

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.