Just Listed
Address
3733 St. Johns North Charleston, SC
Price
$ 1,450,000
Property Attributes
  • MLS#30653567
  • TypeContingent
  • CountyCHARLESTON
  • CityNorth Charleston
  • AreaN. Charleston Inside 526
  • Zip29405
  • Style
  • Price$ 1,450,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
Listing Provided Courtesy Of:
Woodlock Brokerage LLC
Property Description

3733 St. Johns provides an opportunity to purchase a completely stabilized and renovated apartment complex just outside Park Circle. The property includes a large 12-unit building and four 2-bedroom houses. Three houses have been updated, but the fourth is vacant and needs to be completely renovated. The main apartment building also underwent a unit and common area renovation. In addition to the interior renovations, the property has experienced extensive exterior improvements as well. Some of the exterior capital expenditures include parking lot site-work and rejuvenation, exterior repairs and painting, complete landscaping overhaul, and a new roof will be installed before closing. The property shows great, and the area is continuing to experience rapid redevelopment. The property voluntarily participates in the Section 8 program and the majority of the rent is coming from one of the various housing authorities. While a purchaser has the ability to convert the units to market-rate as the surrounding area continues to grow, the current setup as Section 8 provides good stability with no issues in rent collection and near-zero vacancy. Each unit is separately metered for electricity, but the landlord provides at his expense, water, sewer, cable, and internet.

Price History
9/27/2020 Listed $1,450,000

General Features

Property Sub Type Low-Rise/Garden
Property Type Multi-Family
Submarket 31 - N.Charleston Area inside I-526

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 29405

Price
AVG $290K
$1.45M

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