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