Updated Residential Income
New
For Sale
$249,999
114 Slater St, Bluffton, SC 29909
A refreshed interior includes new LVP flooring, fresh paint, and a renovated kitchen.
Property Size1,024 SF
Price / SF$244.14
Days on Market3
Property Features for 114 Slater St
General Information
Standard status
Active
Size
1,024 SF
Property subtype
Multi-Family
Amenities
fenced backyard
Building Details
Year Built
2007
Listing Agency:
Engel & Volkers
(843) 715-4422
Listed By:
Michael Broadhurst · License #4130
(843) 837-7773
Source:
Thebroadhurstgroup
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 2:22AM
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 Engel & Volkers
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Investment Insights
Based on property information with market context.
Built in 2007, this residential property has undergone interior updates that include new LVP flooring, fresh paint throughout, and a renovated kitchen. A fenced backyard adds outdoor space.
The home is within the Mill Creek at Cypress Ridge community, which offers amenities. Shopping, restaurants, and parks are accessible from the neighborhood.
The home is within the Mill Creek at Cypress Ridge community, which offers amenities. Shopping, restaurants, and parks are accessible from the neighborhood.
Key Highlights
- Renovated kitchen, new LVP flooring, and fresh interior paint
- Fenced backyard
- Located in Mill Creek at Cypress Ridge, a community with amenities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,915
Cap Rate
4.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$218,300
$218.3K
Cap Rate 7%
$155,929
$155.9K
Cap Rate 9%
$121,278
$121.3K
Market Conditions
NOI Build-Up for 1,024 SF
Gross rent
$20.9K $20.40/SF
− Vacancy
−$1.0K −$1.02/SF
EGI
$19.8K $19.38/SF
− OpEx
−$8.9K −$8.72/SF
NOI
$10.9K $10.66/SF
Area
Beaufort County, SC
Vacancy
5.00%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$218,300
Cap Rate 7%
$155,929
Cap Rate 9%
$121,278
Alternative Uses
Best Use
Apartment 5plus
$155.9K
$136.4K – $181.9K
NOI $10,915 @ 7.0% cap · market cap 4.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$309.0K
$270.3K – $360.5K
NOI $21,627 @ 7.0% cap · market cap 8.65%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
79
Businesses Nearby
Explore this area
Business Placement
Demographics for 29909, SC
23,621
Population
12,635
Households
1.9
Avg Household Size
68
Median Age
50%
College-Educated
98%
High-School Grad
55.7 sq mi
ZIP Area
424
Density / Sq Mi
$91,376
Median Household Income
$41,740
Median Earnings
$2,174
Median Rent
$416,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Residential income property - A refreshed interior includes new LVP flooring, fresh paint, and a renovated kitchen.
Where is this residential income property located?
The property is located at 114 Slater St Bluffton, SC.
What is the asking price?
The asking price for this property is $249,999.
What are key features of this property?
This property features: Renovated kitchen, new LVP flooring, and fresh interior paint; Fenced backyard; Located in Mill Creek at Cypress Ridge, a community with amenities
