MLS# 16000215 | 1088 Berkeley Street Hanahan SC | subdivision
843-225-7007
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Hanahan, SC 29410
- N/ABeds
- N/AFull Baths
- N/AHalf Baths
- 14,380SqFt
- 1977Year Built
- 0.71Acres
- MLS# 16000215
- Multi Family
- Sold
- Approx Time on Market4 months, 13 days
- AreaHanahan
- CountyBerkeley
- SubdivisionNone
Overview
This fantastic 22 unit apartment complex has been incredibly well-maintained and has an 8% + cap rate. This property includes 3 separate apartment buildings with 2 bedroom, 1 bath units. 2 parking spaces are included per unit. Rents are currently below market, but it has been tested at the $700 rate and were rented right away. There is a security system in place, and a coin laundry service and vending machine is available onsite. Vending machines can be added for additional revenue. This apartment property is located centrally in Charleston, and it is in a growing area. A backflow test is done every year according to county notice, by county list of contractors, paid on time and test passed every year. The HVAC units are well maintained and have been repaired or replaced over the yearsas needed. Filters done monthly on schedule. Water, Sewer, Trash paid by owner (see P&L). Electric is paid by individual meters via SCE&G except for the laundry and parking lot lights (see P&L). This is a great opportunity, so call for more information today.
Sale Info
Listing Date: 01-05-2016
Sold Date: 05-19-2016
Aprox Days on Market:
4 month(s), 13 day(s)
Listing Sold:
7 Year(s), 11 month(s), 6 day(s) ago
Original Asking Price: $1,354,000
Asking Price: $1,354,000
Selling Price: $1,150,000
Price Difference From Original:
Reduced By $204,000
Price Difference From Asking:
Reduced By $204,000
Agriculture / Farm
Grazing Permits Forest Service: Yes
Grazing Permits Private: Yes
Grazing Permits Blm: Yes
Horse: No
Farm Credit Service Incl: Yes
Association Fees / Info
Bathroom Info
Building Info
Year Built: 1977
Business Info
Rent Control: No
Buyer Compensation
Exterior Features
Pool Private: No
Garage / Parking
Gar Pkg: 2 Car
Garage: No
Attached Garage: No
Interior Features
Fireplace: No
Laundry Features: Dryer Connection
Lot Info
Lot Size: 0.71
Lot Size Units: Acres
Acres: 0.71
Lot Sqft: 30927.6
Irrigation Water Rights: Yes
Offer Compensation
Other
Mobile Home Remains: Yes
Property Info
Property Type: B
Stories: 2
Foundation: Slab
Exterior: Brick Veneer
New Construction: No
Building Area Units: Square Feet
View: No
Home Warranty: Yes
Habitable Residence: Yes
Structure Type: Condominium, More than 4
Room Info
Sale / Lease Info
Sold Date: 2016-05-19T00:00:00
Lease Renewal Option: Yes
Lease Considered: Yes
Lease Assignable: Yes
Sqft Info
Sqft: 14380
Unit Info
Number of Units Total: 22
Utilities / Hvac
Water Source: Public
Utilities: Berkeley Elect Co-Op
Heating: No
Water Sewer: Public Sewer
Cooling: No
Waterfront / Water
Waterfront: No
Directions
Take Exit 211a-211b From I-26 W. Use The Right Lane To Take Exit 211a-211b For Remount Road Toward Aviation Avenue/air Force Base/hanahan. Keep Right To Continue On Exit 211b, Follow Signs For Remount Road. Continue On Remount Rd/state Rd S-10-13. Drive To Berkeley St In Hanahan.Courtesy of listing office Matt O'Neill Real Estate
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The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Charleston Trident Multiple Listing Service. Real estate listings held by brokerage firms other than Marshall Walker Real Estate are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Last updated on 04-25-2024 10:04 AM EST .
The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
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