$475,000 | N/A beds | N/A full baths | N/A half baths | 2,377 sqft
North Charleston, SC 29405
- N/ABeds
- N/AFull Baths
- N/AHalf Baths
- 2,377SqFt
- 1945Year Built
- 0.20Acres
- MLS# 21006345
- Multi Family
- Sold
- Approx Time on Market3 months, 12 days
- AreaNorth Charleston Inside I-526
- CountyCharleston
- Subdivision Cherokee Place
Overview
This is an opportunity to acquire a turnkey, cash flow positive, commercial/multi-family property along Charleston's growth corridor. Current multi-family rents and 100% occupancy make this an attractive cash flowing property and commercial zoning, opportunity zone status and Lowcountry Rapid Transit access provide buyer with numerous exit strategies over the coming years.List Price: $475,000Revenue: $5,175 per month or $62,100 per yearMulti-family, 8 Units (1 storage), Fully occupiedCommercial Zoning, Opportunity Zone, Street-to-street with frontage on Rivers AvenueAlong Lowcountry Rapid Transit route (Near ''Shipwatch Square'' Transit Hub)Current owners have spent the last two+ years: oInvesting in capital improvements such as a new roof, drainage, etc.oAddressing deferred maintenanceoOptimizing tenants and rents including securing leases and collecting security deposits""Property Management company in place (they also rent the storage unit)
Sale Info
Listing Date: 03-11-2021
Sold Date: 06-24-2021
Aprox Days on Market:
3 month(s), 12 day(s)
Listing Sold:
4 Year(s), 11 month(s), 27 day(s) ago
Original Asking Price: $475,000
Asking Price: $475,000
Selling Price: $450,000
Price Difference From Original:
Reduced By $25,000
Price Difference From Asking:
Reduced By $25,000
Agriculture / Farm
Grazing Permits Forest Service: No
Grazing Permits Private: No
Grazing Permits Blm: No
Horse: No
Farm Credit Service Incl: No
Association Fees / Info
Bathroom Info
Building Info
Year Built: 1945
Business Info
Rent Control: No
Buyer Compensation
Exterior Features
Pool Private: No
Garage / Parking
Garage: No
Attached Garage: No
Interior Features
Fireplace: No
Lot Info
Lot Size: 0.20
Lot Size Units: Acres
Acres: 0.20
Lot Sqft: 8712
Irrigation Water Rights: No
Offer Compensation
Other
Mobile Home Remains: No
Property Info
Property Type: B
Stories: 2
Foundation: Crawl Space, Slab
Exterior: Block/Masonry, Wood Siding
New Construction: No
Roof: Asphalt
Building Area Units: Square Feet
Entry Location: Ground Level
View: No
Home Warranty: No
Habitable Residence: No
Structure Type: Quadruplex
Room Info
Sale / Lease Info
Sold Date: 2021-06-24T00:00:00
Lease Renewal Option: No
Lease Considered: No
Lease Assignable: No
Sqft Info
Sqft: 2377
Unit Info
Number of Units Total: 8
Utilities / Hvac
Water Source: Public
Utilities: Charleston Water Service, N Chas Sewer Distric
Heating: No
Water Sewer: Public Sewer
Cooling: No
Waterfront / Water
Waterfront: No
Directions
Near Intersection Of Rivers Avenue And Cosgrove Avenue; Next To South State Bank And Across From North Charleston Police Station.Courtesy of listing office Southeastern Property Group
MLS# 24004319 
The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Charleston Trident Multiple Listing Service. Real estate listings held by brokerage firms other than Premier Properties Charleston are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Last updated on 06-19-2026 11:52 PM EST .
The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
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