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7620 Hunters Ridge Lane, North Charleston, SC 29420
$2,585,000
Property Type:
MultiFamily
Square Footage:
22,865
Lot Size (sq. ft.):
11,326
Status:
Closed
Current Price:
$2,598,000
List Date:
1/18/2024
Last Modified:
3/13/2024
Description
Light value add opportunity currently grossing $20,533 with 75% occupancy! This is a package of 5 quadplexes in an up and coming area where rents are consistently increasing. Renovated 2 bed / 1.5 baths in this portfolio are renting for 1,150/mo - 1,400/mo and renovated 3 bed / 1.5 baths in this portfolio are renting for 1,750/month. Currently 6 of the 20 units have undergone renovation leaving 14 to be renovated and rents raised.
More Information MLS# 23022200
Contract Info
Primary Structure List Price/SqFt: 113.62
MLS List Date: 2023-09-11
Status: Closed
List Price: $2,598,000
Current Price: $2,585,000
Location, Tax & Legal
Legal Description: PEPPERIDGE T-HOUSES
Tax Map #: 1720801011
Street #: 7620
Street Name: Hunters Ridge
Street Suffix: Lane
County: Dorchester
State: SC
Zip Code: 29420
Area: 61 - N. Chas/Summerville/Ladson-Dor
Tax District: 208 - City of N. Charleston
Subdivision: Pepperidge
Elementary School: Windsor Hill
Middle School: Oakbrook
High School: Ft. Dorchester
General Property Info
# Stories: 2
Potential Short Sale: No
Other Structures Y/N: No
Number of Units: 20
Primary Structure Apx SqFt: 22865
Year Built: 1980
Acreage: 0.26
Status Change Info
Sold Price/SqFt: 113.05
New Mortgage Type: Cash
Sold Date: 2024-02-29
SqFt Source
Tax Records: 1
Unit 1
SqFt: 1033
Bedrooms: 2
Baths: 1.5
Unit 2
SqFt: 1246
Bedrooms: 3
Baths: 1.5
Unit 3
SqFt: 1033
Bedrooms: 2
Baths: 1.5
Unit 4
SqFt: 1246
Bedrooms: 3
Baths: 1.5
Roof
Architectural: 1
Exterior
Brick - Solid: 1
Brick - Veneer: 1
Vinyl Siding: 1
Foundation
Slab: 1
Driveway
Concrete: 1
Architectural Style
Quadplex: 1
New Owned/Pre-owned
Pre-Owned: 1
Proposed Financing
Cash: 1
Conventional Loan: 1
Tenant Pays
All Utilities: 1
Possession
Tenants Rights: 1
Water/Sewer
Public Sewer: 1
Public Water: 1
Utility Suppliers
Dominion Energy: 1
Dorchester Cnty Water and Sewer Dept: 1
Property Features
SqFt Source: Tax Records
Roof: Architectural
Exterior: Brick - Solid; Brick - Veneer; Vinyl Siding
Foundation: Slab
Driveway: Concrete
Architectural Style: Quadplex
Tenant Pays: All Utilities
Proposed Financing: Cash; Conventional Loan
Possession: Tenants Rights
Utility Suppliers: Dominion Energy; Dorchester Cnty Water and Sewer Dept
Listing Office:
EXP Realty LLC
Last Updated: March - 13 - 2024
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