Apartment Building with Marsh-View
105-2201 Boundary St Beaufort, SC 29902
105-2201 Boundary St, Beaufort, SC, 29902
$280,000
For Sale
$280,000
Small apartment building subdivided into five rental units, with rear units offering marsh views.
Property Size1,196 SF
Price / SF$234.11
Days on Market141
Property Features for 105-2201 Boundary St
General Information
- Standard status
- Active
- Size
- 1,196 SF
Listing agency
Principal Advisors
(843) 271-7511
Listed by
Gerald La Hay · License #141553
(843) 271-7511
Source
Exprealty
Added: Mar 4 Updated: Jul 22 at 10:59AM Checked: Jul 22 at 10:59AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Principal Advisors
Investment Insights
Based on property information with market context.
Marsh Suites @ Carolina Cove is an income-producing apartment property in Beaufort, SC that has been subdivided into five rental units within an approximately 1,196+-sf building. The rent roll is reported as fully leased since 01/01/2025, with rear-facing units described as having marsh views.
The seller’s provided financial summary lists NOI of $30,711 with a reported 10.97% cap rate. For investment details, call or email for further information.
The seller’s provided financial summary lists NOI of $30,711 with a reported 10.97% cap rate. For investment details, call or email for further information.
Key Highlights
- 1,196+-SF property subdivided into 5 rental units
- Fully leased rent roll since 01/01/2025
- Rear‑facing units offer marsh views
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $24.4k | $20.40 |
| − Vacancy | −$1.2k | −$1.02 |
| EGI | $23.2k | $19.38 |
| − OpEx | −$10.4k | −$8.72 |
| NOI | $12.7k | $10.66 |
1,196 SF · lease $20.40/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$182.1K
$159.4K – $212.5K
NOI $12,748 @ 7.0% cap · market cap 4.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$360.9K
$315.8K – $421.0K
NOI $25,260 @ 7.0% cap · market cap 9.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Small apartment building subdivided into five rental units, with rear units offering marsh views.
Where is this apartment building located?
The property is located at 105-2201 Boundary St Beaufort, SC.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: 1,196+-SF property subdivided into 5 rental units; Fully leased rent roll since 01/01/2025; Rear‑facing units offer marsh views
