2647 Bonds Ave - Apartments FOR SALE


North Charleston, SC 29405
$2,700,000 USD
404-771-9776
2647 Bonds Ave, North Charleston, SC for Sale
$2,700,000 USD
Apartments - FOR SALE
1/1
null | 9.46% Cap Rate

2647 Bonds Ave
North Charleston, SC 29405


OVERVIEW

2647 Bonds Ave, North Charleston, SC 29405 | 8-Unit Renovated Multifamily Investment Opportunity Exceptional multifamily investment property located in the rapidly growing North Charleston submarket. This 8-unit apartment building has undergone major renovations in 2021, offering investors a turnkey asset with flexible income strategies. Property Highlights: Fully private & fenced-in property Electric Gate Access Enclosed storage on site Unit Sizes ranging from approx. 300 to 900 SF Advanced access control system for short or long term rentals Major Renovations in 2021 Estimated 6,500sf total including common areas Short-Term Rentals (Airbnb): Proven track record of approx. $288,000/year gross w/ $255k/yr NOI Long-Term Leases: Approx. $212,000/year gross revenue w/ $180k/yr NOI Operating Expenses: $32,500/year (Insurance, Utilities, Property Tax, Landscaping & Pest Control) Ideal for either passive long-term hold or active short-term rental operator Strong demand in this location for both tourist and workforce housing

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$679 USD /SF

# OF UNITS

8

PRICE/UNIT

$337,500

CAP RATE

9.46%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

8,999 SF

ZONING

R-1

APN/PARCEL ID

411-15-00-128

ASK ABOUT THIS PROPERTY

Everett DelongaMantica LLCMore Info
404-771-9776

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Everett DelongaMantica LLCMore Info
404-771-9776

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