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$6,350,000
Est. payment /mo
42,950 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 42,950 sqft
Price per Sqft $147
MLS Listing ID 31008062
Year Built 1972
Lot Size 0.986 Acres
Acres 0.986
Property Sub-Type Multi Family
Property Description
North Corner Pointe is a 60-unit value-add multifamily community located at 3369 Osceola St & 3360 Apache St in North Charleston, SC. Built between 1969-1972, the property is offered free and clear. Initial exterior repositioning has been completed, with interiors offering a proven $200-$500 per unit upside. Recent renovated leases are achieving $1,300 per month, with projected value-add potential exceeding $200,000 in additional annual income at stabilization. Positioned within one mile of transformative developments including The Navy Yard, a new $1.2B hospital campus, and Boeing's major employment hub, the property sits in the epicenter of growth within the Charleston metro. Two planned rapid transit stops nearby further enhance long-term fundamentals. The asset may also qualify for South Carolina Code 12-37-220(B)(11)(e) property tax abatement, presenting a meaningful opportunity to increase cash flow. Please see attached PM for more information.
Location
State SC
County Charleston
Zoning City of North Charleston - R-2 - Multi-Family Residential District
Exterior
Parking Features Surface
Garage Spaces 40.0
Building
Sewer Public Sewer
Water Public
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Listed by Troy Gandee • Maven Realty
Nearby Locations
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