Bought with Coldwell Banker Comm/Atlantic Int'l
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Key Details
Sold Price $710,000
Property Type Condo
Sub Type Condominium
Listing Status Sold
Purchase Type For Sale
Square Footage 4,588 sqft
Price per Sqft $154
Subdivision Pineland Heights
MLS Listing ID 24002511
Sold Date 04/12/24
Bedrooms 12
Year Built 2004
Lot Size 9,147 Sqft
Acres 0.21
Property Description
INVESTOR ALERT! (See MLS# 24002512 for Additional Quadruplex offering next door -- can be sold together). Excellent chance for an investor seeking a recently renovated quadruplex (4 Units) situated in close proximity to the Naval Base and rapidly developing Red Bank corridor in Goose Creek, SC! The offering comprises one building with a total of four (4) SEPARATELY DEEDED, well-maintained units, all currently tenant occupied. New ownership has the flexibility to sell units individually or mark rents to market upon expiration. The subject property features two-story townhome-style units, providing a unique living experience. Rental rates are currently below market, giving new ownership the opportunity to increase rents without much heavy lifting.Updated units in the area are commanding rents in the range of ~$1475 to $1800+ per month for 2/3 bedrooms. The properties have recently undergone significant upgrades, including new HVAC's (2022), new roofs (2023), updated bathrooms, and new LVP flooring in almost all units. The heavy lifting has been completed, presenting a turnkey investment opportunity. Again, all units are SEPARATELY DEEDED, offering the flexibility to sell units individually, either immediately or in the future. Further, tenants have separate utilities; they are responsible for their electricity and water, enhancing the property's profitability. Don't miss out on this distinctive opportunity in the rapidly developing Red Bank area of Goose Creek!
Location
State SC
County Berkeley
Area 72 - G.Cr/M. Cor. Hwy 52-Oakley-Cooper River
Interior
Heating Electric, Forced Air
Cooling Central Air
Exterior
Utilities Available BCW & SA, Berkeley Elect Co-Op, Charleston Water Service
Roof Type Architectural,Asphalt
Building
Story 2
Foundation Slab
Sewer Public Sewer
Water Public
New Construction No
Schools
Elementary Schools Goose Creek Primary
Middle Schools Sedgefield Intermediate
High Schools Goose Creek
Others
Financing Cash,Conventional
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