INVESTOR ALERT! (See MLS# 24002511 -- Additional Quadruplex offering next door -- can be sold together). Excellent chance for an investor seeking a recently renovated quadruplex (4 Units) situated in close proximity to the Naval Base and rapidly developing Red Bank corridor in Goose Creek, SC! The offering comprises one building with a total of four (4) SEPARATELY DEEDED, well-maintained units, all currently occupied by tenants. New ownership has the flexibility to sell units individually or mark rents to market upon expiration. The subject property features two-story townhome-style units, providing a unique living experience. Rental rates are currently below market, giving new ownership the opportunity to increase rents without much heavy lifting.Updated units in the area are commanding rents in the range of ~$1475 to $1800+ per month for 2/3 bedrooms. The properties have recently undergone significant upgrades, including new HVAC`s (2022), new roofs (2023), updated bathrooms, and new LVP flooring in almost all units. The heavy lifting has been completed, presenting a turnkey investment opportunity. Again, all units are SEPARATELY DEEDED, offering the flexibility to sell units individually, either immediately or in the future. Further, tenants have separate utilities; they are responsible for their electricity and water, enhancing the property`s profitability. Don`t miss out on this distinctive opportunity in the rapidly developing Red Bank area of Goose Creek!
Listing Date: 01-31-2024
Sold Date: 04-11-2024
Aprox Days on Market: 
2 month(s), 10 day(s)
Listing Sold: 
2 Year(s), 2 month(s), 21 day(s) ago
Original Asking Price: $720,000
Asking Price: $720,000
Selling Price: $625,000
Price Difference From Original:
Reduced By $95,000
Price Difference From Asking:
Reduced By $95,000
Horse: No
Year Built: 2004
Rent Control: No
Pool Private: No
Gar Pkg: Other
Garage: No
Attached Garage: No
Fireplace: No
Laundry Features: Electric Dryer Hookup, Washer Hookup
Lot Size: 0.21
Lot Size Units: Acres
Acres: 0.21
Lot Sqft: 9147.6
Property Type: B
Stories: 2
Foundation: Slab
Exterior: Vinyl Siding
New Construction: No
Roof: Architectural, Asphalt
Property Subtype: No
Building Area Units: Square Feet
View: No
Home Warranty: No
Structure Type: Condominium, Quadruplex
Beds: 8
Sold Date: 2024-04-11T00:00:00
Unit Sqft: 1,047
Unit Sqft: 1,047
Unit Sqft: 1,047
Unit Sqft: 1,047
Sqft: 4188
Number of Units Total: 4
Unit Bedrooms: 2
Unit Bedrooms: 2
Unit Bedrooms: 2
Unit Bedrooms: 2
Water Source: Public
Utilities: BCW & SA, Berkeley Elect Co-Op, Charleston Water Service
Heating: Yes
Heat: Electric, Forced Air
Water Sewer: Public Sewer
Cooling: Central Air
Cooling: Yes
Waterfront: No
Courtesy of listing office Avenue Realty Company - 843-277-5845