Marcus & Millichap is pleased to present the West Ashley Portfolio, a collection of five multifamily assets with four units or fewer, located at 1516 N Avalon Circle and 1530, 1532, 1552, & 1554 Orange Grove Road in Charleston, South Carolina. All units across the portfolio underwent full renovations in 2023, providing turnkey cash flow and minimal capital expenditure requirements for new ownership.
Situated in one of the city’s most desirable and fastest-growing submarkets, the portfolio benefits from the West Ashley submarket’s strong rental demand, which is driven by its proximity to downtown Charleston, area employers, and major commercial corridors. Moreover, Charleston’s West Ashley submarket continues to experience consistent regional population growth, with the Charleston area projected to reach one million inhabitants over the next 10 to 15 years. Due to its strong economic fundamentals and a high quality of life, much of that development and densification is anticipated to occur within the West Ashley area.