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Listing 5 out of 48
$849,500 Contingent

4105 Ohear Avenue
North Charleston, SC 29405

16 units | Multi Family Home
9583 sq ft - MLS# 18010424
Property Photo
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Description

Tremendous opportunity for investor at 8.4% cap rate with LOW rents to keep current buildings or for a developer to build multi-unit or single family homes. Current building is a 16 unit complex with 14 one-bedroom and 2 two-bedroom units. Plenty of parking. Tenants pay their own utilities. All units have washer hook-ups and a few have washer and dryer hookups. VERY conservative cap rate at 8.4% with rents low. Increase rents to market rate and enjoy a 10.4% cap. Clean units that have been well maintained and always full! Great lot that backs up to the marsh and located next to a community of all brand new homes. Convenient access for tenants to 526 and 26.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Contingent
  • County/Area: Charleston County
  • Zip Code: 29405
  • Year Built: 1960
  • Elementary School: North Charleston
  • Middle School: Morningside
  • High School: North Charleston
  • Sq.Ft.: 7,200 sq ft
  • Style: More Than 4
  • Stories: 2 Story
  • Units: 16 units
  • Lot Size: 9583 sq ft
  • Area: 31 - North Charleston Inside I-526
  • Amenities: Cable TV Available
  • Siding: Block/Masonry, Wood Siding
Courtesy of BHHS Carolina Sun Real Estate

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Ron Henderson

Ronald Henderson

SC Lic# 13414
Century 21 Properties Plus
Summerville, SC 29483

843-224-3883
Contact Me

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Ron Henderson | 843-224-3883 | Contact Me
118 W. Richardson Avenue - Summerville, SC 29483
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