4-Unit
For Sale
$660,000
1212 Boone Hill Road Unit A-D, Summerville, SC 29483
Each residence has two bedrooms and one-and-a-half bathrooms.
Property Size3,958 SF
Price / SF$166.75
Days on Market151
Property Features for 1212 Boone Hill Road Unit A-D
General Information
Standard status
Active
Size
3,958 SF
Property subtype
Residential Income
Units
Unit Mix
4 x 2BR/1.5BA
Multifamily Units
4
Additional Details
Gross Income
$61,920
Tenant in Place
Yes
Building Details
Year Built
1981
Listing Agency:
Realty One Group Coastal
Listed By:
Barnwell Cuthbert
(843) 509-9092
Source:
Indigooakrealestate
Added: Jun 1
Changed: Oct 28
Last Checked: Oct 28 at 4:20PM
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 Realty One Group Coastal
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1981, this four-unit residential income property contains 3,958 square feet. Each residence measures 989.5 square feet and includes two bedrooms and one-and-a-half bathrooms.
The property is located at 1212 Boone Hill Road in Summerville, South Carolina. The four-unit configuration and consistent layout provide a straightforward multifamily setup.
The property is located at 1212 Boone Hill Road in Summerville, South Carolina. The four-unit configuration and consistent layout provide a straightforward multifamily setup.
Key Highlights
- Four residential units totaling 3,958 square feet
- Each unit is 989.5 SF with 2 bedrooms and 1.5 baths
- Built in 1981
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,868
Cap Rate
6.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$897,360
$897.4K
Cap Rate 7%
$640,971
$641.0K
Cap Rate 9%
$498,533
$498.5K
Market Conditions
NOI Build-Up for 3,958 SF
Gross rent
$68.9K $17.40/SF
− Vacancy
−$4.8K −$1.21/SF
EGI
$64.1K $16.19/SF
− OpEx
−$19.2K −$4.86/SF
NOI
$44.9K $11.34/SF
Area
Dorchester County, SC
Vacancy
6.93%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$897,360
Cap Rate 7%
$640,971
Cap Rate 9%
$498,533
Alternative Uses
Best Use
Multifamily LT 5
$641.0K
$560.9K – $747.8K
NOI $44,868 @ 7.0% cap · market cap 6.80%
Second Best
Apartment 5plus
$591.6K
$517.6K – $690.2K
NOI $41,409 @ 7.0% cap · market cap 6.27%
Theoretical Best
Office A
$2.96M
$2.59M – $3.46M
NOI $207,344 @ 7.0% cap · market cap 31.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
216
Businesses Nearby
Explore this area
Business Placement
Demographics for 29483, SC
56,778
Population
23,133
Households
2.5
Avg Household Size
38
Median Age
30%
College-Educated
92%
High-School Grad
53.3 sq mi
ZIP Area
1,065
Density / Sq Mi
$82,194
Median Household Income
$42,929
Median Earnings
$1,220
Median Rent
$303,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence has two bedrooms and one-and-a-half bathrooms.
Where is this quadplex located?
The property is located at 1212 Boone Hill Road Unit A-D Summerville, SC.
What is the asking price?
The asking price for this property is $660,000.
What are key features of this property?
This property features: Four residential units totaling 3,958 square feet; Each unit is 989.5 SF with 2 bedrooms and 1.5 baths; Built in 1981
