$3,200,000

Agent Comments

The subject is comprised of 20 units, all one bed one bath. Florida Avenue Apartments was built in 1973 and recently renovated in 2023. Renovations include Roof, exterior paint, fencing, HVAC's, flooring, fixtures, cabinets, appliances, electrical, plumbing, Stairs and railing, bathrooms, kitchens, and fully upgraded laundry room. This property gives an investor an opportunity to acquire 20 multifamily units in the rapidly growing and high barrier to entry North Charleston, submarket to the Charleston, SC MSA. The subject property was renovated in 2023 and rents have increased by more than 60%.The subject property is located just under two miles south of the bustling Park Circle area of North Charleston. It offers easy access to main thoroughfares such as Rivers Avenue, Interstate-26,