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4105 Ohear Avenue, North Charleston, SC 29405 (MLS # 18010424) – Steven Clarke Real Estate

4105 Ohear Avenue, North Charleston, SC 29405 (MLS # 18010424)

4105 Ohear Avenue, North Charleston, SC 29405 (MLS # 18010424)


Price $849,500
Status Conditional
Beds 0
Baths 0 bath
Home size 7,200 sq ft
Lot Size 9,583 sqft
Days on Market 8
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.
Property Type(s): Multi Family
Last Updated 4/17/2018 Year Built 1960
Community 31 - North Charleston Inside I-526 County Charleston

SCHOOLS

Elementary School North Charleston
Jr. High School Morningside
High School North Charleston

Additional Details

AREA 31 - North Charleston Inside I-526
CONSTRUCTION Block/Masonry, Wood Siding
EXTERIOR Cable TV Available
LOT 9583 sq ft
STORIES 2
STYLE More than 4

Location

 

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Listing Provided by BHHS Carolina Sun Real Estate
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