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Listed by Chamberlain Chesnut Real Estate
$1,850,000
Est. payment /mo
7,200 SqFt
UPDATED:
Key Details
Property Type Multi-Family, Townhouse
Sub Type More than 4,Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 7,200 sqft
Price per Sqft $256
Subdivision Ashley Forest
MLS Listing ID 26020935
HOA Y/N No
Year Built 1967
Lot Size 0.710 Acres
Acres 0.71
Property Sub-Type More than 4,Townhouse
Property Description
Exceptional value-add investment and redevelopment opportunity in one of Charleston's most sought-after locations. This 8-unit townhome community presents a rare chance for investors and developers to reposition a multifamily asset with substantial upside. Ideally situated within the City of Charleston, the property is just steps from Avondale's popular restaurants, shops, and entertainment, including Pearlz Oyster Bar and Triangle Char & Bar.The property currently generates approximately $13,750 in monthly rental income, with several units leased below market rates and one vacant unit ready for renovation and lease-up. Investors have multiple value-creation strategies to consider, including renovating units to achieve market rents and holding for long-term cash flow, selling as a stabilized multifamily investment, or establishing a condominium regime and selling the townhomes individually (subject to applicable approvals).
Each townhome averages approximately 900 square feet and features a private courtyard along with off-street parking for two to three vehicles--an increasingly rare amenity in this highly desirable location. With strong rental demand, flexible exit strategies, and significant upside potential, this property represents an outstanding investment opportunity in the Charleston market.
Each townhome averages approximately 900 square feet and features a private courtyard along with off-street parking for two to three vehicles--an increasingly rare amenity in this highly desirable location. With strong rental demand, flexible exit strategies, and significant upside potential, this property represents an outstanding investment opportunity in the Charleston market.
Location
State SC
County Charleston
Area 11 - West Of The Ashley Inside I-526
Exterior
Utilities Available Charleston Water Service, Dominion Energy
Roof Type Architectural
Building
Dwelling Type More than 4,Townhouse
Story 2
Sewer Public Sewer
Water Public
Structure Type Brick Veneer,Stucco,Wood Siding
New Construction No
Schools
Elementary Schools St. Andrews
Middle Schools C E Williams
High Schools West Ashley
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