325 Gulledge St - Apartments FOR SALE


Moncks Corner, SC 29461
$9,000,000 USD
803-371-7839
325 Gulledge St, Moncks Corner, SC for Sale
$9,000,000 USD
Apartments - FOR SALE
1/6
null | 6.11% Cap Rate

325 Gulledge St
Moncks Corner, SC 29461


HIGHLIGHTS

  • SC Tax Abatement Opportunity: Current rents are below Area Median Income (AMI) requirements, potentially qualifying for tax benefits.
  • Value-Add Potential: Opportunity to continue interior renovations and increase rents to market levels.
  • Prime Location: Close to major employers, educational institutions, and local amenities.
  • Diverse Unit Mix: Appeals to a broad tenant base in a growing market.
  • Stable and Growing Market: Ideal for investors seeking a high-growth, professional-driven rental market.

OVERVIEW

Marcus & Millichap is pleased to present The Ranch at Cooper River, a 64-unit multifamily community located at 325 Gulledge Street, Moncks Corner, SC 29461. Constructed in 1981, this two-story garden-style property features a diverse unit mix: -16 One-Bedroom, One-bathroom Units -48 Two-bedroom, One-bathroom Units LOCATION HIGHLIGHTS Strategically positioned in a thriving market, The Ranch at Cooper River Apartments offers proximity to key landmarks and employment hubs: -32 Miles from Downtown Charleston -25 miles from the Charleston International Airport -2.4 Miles from Roper St. Francis Moncks Corner Medical Plaza VALUE-ADD OPPORTUNITY New ownership can capitalize on the existing value-add strategy by: -Completing renovations on the remaining units -Increasing rents to align with market rates -Leveraging the property’s prime location Additionally, ownership could implement water and sewer bill-back charges. The Ranch at Cooper River Apartments represents a compelling investment opportunity in a stable and expanding market, with significant upside potential through continued renovations and operational enhancements.

FOR SALE DETAILS

PRICE

$9,000,000 USD

PRICE/SF

$152 USD /SF

# OF UNITS

64

PRICE/UNIT

$140,625

CAP RATE

6.11%

% LEASED

91%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Ranch at Cooper River

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1981

PARKING SPACES

120

LAND DETAILS

LAND ACRES

4.56 AC

LAND SF

198,634 SF

ZONING

R3

APN/PARCEL ID

142-11-02-028,142-11-02-031

ASK ABOUT THIS PROPERTY

William GravesMarcus & MillichapMore Info
803-371-7839

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William GravesMarcus & MillichapMore Info
803-371-7839

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