2220 Van Buren Ave - Apartments FOR SALE


North Charleston, SC 29406
$1,775,000 USD
910-986-1767
2220 Van Buren Ave, North Charleston, SC for Sale
$1,775,000 USD
Apartments - FOR SALE
1/5
null | 6.12% Cap Rate

2220 Van Buren Ave
North Charleston, SC 29406


HIGHLIGHTS

  • Fully Renovated 12-Unit Community with Six One-Bedroom and Six Two-Bedroom Units
  • Prime Location Near Interstate-26, Interstate-526, Downtown Charleston, Charleston Air Force Base, and Tanger Outlets
  • Strong Rents Supported by Updated Interiors and Demand from Major Employers and Military Presence
  • Enhanced Curb Appeal and Long-Term Durability Through Exterior Upgrades and Site Improvements

OVERVIEW

The LLG Multifamily Group at Marcus & Millichap is pleased to present Van Buren Avenue, a fully renovated 12-unit multifamily community located in North Charleston, South Carolina. The property features a balanced unit mix of six onebedroom and six two-bedroom apartments and has undergone a comprehensive interior and exterior renovation program. Interior upgrades include modernized kitchens and bathrooms, new cabinetry finishes, updated countertops, new fixtures, ceiling fans, flooring, paint, and electrical improvements, along with HVAC and water heater replacements as needed. Select units have also been enhanced with washer and dryer hookups, improving functionality and tenant appeal. The exterior of the property has been significantly improved with new railings and stair systems, roof enhancements, parking lot concrete replacement, upgraded mailboxes, and refreshed landscaping, all of which enhance both curb appeal and long-term durability. Van Buren Avenue offers investors a true turnkey opportunity with minimal near-term capital requirements. Strategically located near Interstate 26 and Interstate 526, the property provides convenient access to downtown Charleston, Joint Base Charleston, Boeing, the Port of Charleston, and major retail corridors, supporting strong rental demand and long-term investment stability.

FOR SALE DETAILS

PRICE

$1,775,000 USD

PRICE/SF

$282 USD /SF

# OF UNITS

12

PRICE/UNIT

$147,917

CAP RATE

6.12%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Van Buren Ave

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2006

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

MF

APN/PARCEL ID

472-11-00-047

ASK ABOUT THIS PROPERTY

Ryan LipomiMarcus & MillichapMore Info
910-986-1767

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Ryan LipomiMarcus & MillichapMore Info
910-986-1767

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