3317 Florida Avenue, North Charleston, SC 29405
$3,200,000
Property Type:
MultiFamily
Square Footage:
9,492
Lot Size (sq. ft.):
19,166
Status:
Active
Current Price:
$3,200,000
List Date:
4/18/2024
Last Modified:
4/29/2024
Description
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,
More Information MLS# 24009665
Contract Info
MLS List Date: 2024-04-17
Status: Active
List Price: $3,200,000
Current Price: $3,200,000
Location, Tax & Legal
Tax Map #: 4690800057
Street #: 3317
Street Name: Florida
Street Suffix: Avenue
County: Charleston
State: SC
Zip Code: 29405
Area: 31 - North Charleston Inside I-526
Tax District: 43 - City of North Charleston
Subdivision: Buckfield
Elementary School: Chicora
Middle School: Morningside
High School: North Charleston
Legal Description: LTS 84 85 86 & 87
General Property Info
Primary Structure Apx SqFt: 9492
Year Built: 1972
Acreage: 0.44
Lease Purchase: No
Potential Short Sale: No
Other Structures Y/N: No
Income, Expenses & Fees
Gross Income: 226356
Office/Member Info
Buyers Agency Compensation: 1
Buyers Agency Compensation Type: %
Property Features
SqFt Source: Tax Records
Garage/Parking: Other (Use Remarks)
Architectural Style: More than 4
New Owned/Pre-owned: Pre-Owned
Possession: At Closing
Listing Office: RE/MAX FullSail, LLC
Last Updated: April - 29 - 2024
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