3863 Reddin Rd - Apartments FOR SALE


North Charleston, SC 29405
$1,175,000 USD
864-238-7732
3863 Reddin Rd, North Charleston, SC for Sale
$1,175,000 USD
Apartments - FOR SALE
1/11
null | Request Cap Rate

3863 Reddin Rd
North Charleston, SC 29405


HIGHLIGHTS

  • 12 Unit Multifamily apartment complex located in the Park Circle area of North Charleston

OVERVIEW

Prime 12-Unit Multifamily Investment in Park Circle – 3863 Reddin Rd, North Charleston, SC 29405 An exceptional investment opportunity in the heart of Park Circle, one of North Charleston’s most sought-after neighborhoods! This 12-unit multifamily complex at 3863 Reddin Rd offers strong rental income potential in a rapidly growing market. Property Highlights: 12 well-maintained units, including 3 newly renovated units with modern finishes 9 additional units in great condition, offering steady rental income Located in Park Circle, known for its walkability, breweries, restaurants, and community events High-demand rental market with strong occupancy rates Easy access to I-26 & I-526, just minutes from Downtown Charleston, Charleston International Airport, and major employers Significant appreciation potential in one of the fastest-growing areas in the region With a mix of renovated and well-maintained units, this property presents a fantastic value-add opportunity while maintaining consistent cash flow. Don’t miss your chance to invest in one of Charleston’s hottest rental markets! 2 star Multi-Family Class C Lowrise apartments 1 story 12 units (1 bedroom 1 bathroom) Built in 1958 Masonry Construction 0.25 land acreage 10,890 land sq ft 5,336 total sq ft Average condition Rent Roll: - Unit 1: $800 - Unit 2: Vacancy - Unit 3: $1100 - Unit 4: $1000 - Unit 5: $1000 - Unit 6: $1100 - Unit 7: Vacancy - Unit 8: $1000 - Unit 9: Vacancy - Unit 10: $1000 - Unit 11: $1100 - Unit 12: $1000

FOR SALE DETAILS

PRICE

$1,175,000 USD

PRICE/SF

$230 USD /SF

# OF UNITS

12

PRICE/UNIT

$97,917

CAP RATE

Request Cap Rate

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1958

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,855 SF

ZONING

MF

APN/PARCEL ID

469-04-00-023

ASK ABOUT THIS PROPERTY

Alex SanderseXp CommercialMore Info
864-238-7732

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Alex SanderseXp CommercialMore Info
864-238-7732

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.