1523-1525 N Avalon Cir - Apartments FOR SALE


Charleston, SC 29407- West Ashley
$1,200,000 USD
832-515-1289
1523-1525 N Avalon Cir, Charleston, SC for Sale
$1,200,000 USD
Apartments - FOR SALE
1/5
null | Request Cap Rate

1523-1525 N Avalon Cir
Charleston, SC 29407
West Ashley


HIGHLIGHTS

  • Property Overview: Two Renovated Triplexes, Attractive Two-Bedroom & One-Bathroom layouts, currently $427 below market rents.
  • Property Overview: New Roofs & Windows 2024, 6/6 Units New Flooring, 3/6 Units New Cabinets, All Buildings & Units freshly painted
  • Property Overview: Tenants Pay Utilities, All Units W/D Connections
  • Prime Location: Situated in West Ashley, one of Charleston’s most established and desirable submarkets
  • Economic Drivers: Anchored by Boeing, MUSC, Volvo, Joint Base Charleston, and a $12B+ annual tourism economy
  • Rental Strength: Housing Authority of the City of Charelston: 2025 SAFMR calculated by HUM - FMR 2BD $1860

OVERVIEW

Located in the highly desirable West Ashley submarket of Charleston, The Avalon presents a rare opportunity to acquire two renovated triplexes in one of the Southeast’s strongest rental markets. Each property features spacious 900 sq ft, two-bedroom, one-bathroom units, situated on .4 acres +/-, with both producing reliable cash flow at below market rents in an area where rental demand continues to outpace supply. With six total units, this property offers investors a scalable multifamily asset in a market characterized by population growth, rising incomes, and limited housing availability. Charleston is a nationally recognized economic and cultural hub, recently ranked among the fastest-growing metropolitan areas in the United States. The city benefits from a diverse and expanding economic base anchored by aerospace, automotive, healthcare, and a vibrant tourism industry that draws millions of visitors annually. Major employers such as Boeing, Volvo, the Medical University of South Carolina, and Joint Base Charleston create a broad employment foundation that supports long-term housing stability. West Ashley itself is one of Charleston’s most established and desirable submarkets, known for its strong schools, convenient access to downtown, and proximity to key retail, dining, and recreation destinations. For investors, the fundamentals of this asset are particularly compelling. The combination of unit mix, market rents, and location provides both immediate income, with the opportunity to push rents to submarket levels, and long-term appreciation potential. Charleston’s strict zoning, geographic barriers to development, and sustained population growth ensure persistent upward pressure on rents and property values. With stabilized occupancy, strong tenant demand, and proven rental performance, The Avalon offers a durable investment in a high-barrier-to-entry market positioned for continued growth.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$490 USD /SF

# OF UNITS

6

PRICE/UNIT

$200,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1968

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,354 SF

ZONING

SR-2

APN/PARCEL ID

352-13-00-130

ASK ABOUT THIS PROPERTY

Jeff ShugartsUS Developments, LLCMore Info
832-515-1289

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Jeff ShugartsUS Developments, LLCMore Info
832-515-1289

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