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6951 Kenwood Drive, North Charleston, SC 29406
$1,850,000
Property Type:
MultiFamily
Square Footage:
18,104
Lot Size (sq. ft.):
74,052
Status:
Closed
Current Price:
$2,300,000
List Date:
1/08/2021
Last Modified:
6/24/2021
Description
100% occupied with positive cash flow! 2BD apartments were built in 2008 and the 1BD apartments were built in 1972. Owner bought brand new AC's in 2017 and LVP flooring has been replaced as units turn. Main water line from street was replaced in 2019 to reduce water bill. Additional building on lot is currently being used for storage but could be another unit, laundry facility, etc.
More Information MLS# 21000464
Contract Info
Primary Structure List Price/SqFt: 127.04
MLS List Date: 2021-01-07
Status: Closed
List Price: $2,300,000
Current Price: $1,850,000
Location, Tax & Legal
Legal Description: District 4/Ward 3
Tax Map #: 4781400142
Street #: 6951
Street Name: Kenwood
Street Suffix: Drive
County: Charleston
State: SC
Zip Code: 29406
Area: 32 - N.Charleston, Summerville, Ladson, Outside I-526
Tax District: 43 - City of North Charleston
Subdivision: None
Elementary School: Midland Park
Middle School: Northwoods
High School: Stall
Directions: From Ashley Phosphate, turn onto Stall Rd. Turn left onto N. Kenwood, Right onto Mawood Ave, then Right onto S Kenwood and it's on the right. From Rivers, Turn onto Midland Park Rd, Right onto S Kenwood ad and its on the left.
General Property Info
Ground Level: Yes
Lease Purchase: No
Potential Short Sale: No
Number of Units: 24
Primary Structure Apx SqFt: 18104
Year Built: 1972
Acreage: 1.7
Income, Expenses & Fees
Gross Income: 251690
Auction: No
Status Change Info
Sold Price/SqFt: 102.19
New Mortgage Type: Conventional
Sold Date: 2021-06-23
SqFt Source
Previous Listing: 1
Roof
Architectural: 1
Exterior
Brick - Veneer: 1
Vinyl Siding: 1
Foundation
Slab: 1
Zoning
Conforming: 1
Garage/Parking
Other (Use Remarks): 1
Driveway
Blacktop: 1
Architectural Style
Other: 1
New Owned/Pre-owned
Pre-Owned: 1
Cooling
Central Air: 1
Heat
Electric: 1
Amenities
Bus Line: 1
Cable TV: 1
Storage: 1
Trash: 1
Sale Includes
Building and Land: 1
Proposed Financing
Cash: 1
Conventional Loan: 1
Tenant Pays
Electric: 1
Other (Use Remarks): 1
Possession
At Closing: 1
Water/Sewer
Public Sewer: 1
Public Water: 1
Utility Suppliers
Carolina Water Service: 1
Dominion Energy: 1
Income Expenses Fees
Annual Expenses: 63237
Net Income: 188452
Property Features
SqFt Source: Previous Listing
Roof: Architectural
Exterior: Brick - Veneer; Vinyl Siding
Foundation: Slab
Driveway: Blacktop
Architectural Style: Other
Zoning: Conforming
Cooling: Central Air
Heat: Electric
Amenities: Bus Line; Cable TV; Storage; Trash
Sale Includes: Building and Land
Tenant Pays: Electric; Other (Use Remarks)
Proposed Financing: Cash; Conventional Loan
Possession: At Closing
Utility Suppliers: Carolina Water Service; Dominion Energy
Listing Office:
True Carolina Realty
Last Updated: June - 24 - 2021
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