Two-Unit Multifamily
2001 Hugo Avenue A & B, North Charleston, SC 29405
For Sale
$625,000
The property contains 2,820 square feet across two addresses in North Charleston.
Property Size2,820 SF
Price / SF$221.63
Days on Market47
Property Features for 2001 Hugo Avenue A & B
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Amenities
Crawl Space
Building Details
Building Size
Year Built
Stories
Listed By:
Daniel Tsveer
(843) 814-0090
Source:
Evrealestate
Added: Sep 24
Changed: Nov 8
Last Checked: Nov 8 at 3:56PM
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 Daniel Tsveer
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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.
Located at 2001 Hugo Avenue A & B in North Charleston, this multifamily property contains 2,820 square feet. The building dates to 1940 and includes a crawl space.
The property is in Charleston County, with access via Spruill Avenue to Hugo Avenue.
The property is in Charleston County, with access via Spruill Avenue to Hugo Avenue.
Key Highlights
- 2,820‑square‑foot multifamily property
- Built in 1940
- Crawl‑space foundation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,693
Cap Rate
5.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$693,860
$693.9K
Cap Rate 7%
$495,614
$495.6K
Cap Rate 9%
$385,478
$385.5K
Market Conditions
NOI Build-Up for 2,820 SF
Gross rent
$67.7K $24.00/SF
− Vacancy
−$4.6K −$1.63/SF
EGI
$63.1K $22.37/SF
− OpEx
−$28.4K −$10.07/SF
NOI
$34.7K $12.30/SF
Area
North Charleston, SC
Vacancy
6.80%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$693,860
Cap Rate 7%
$495,614
Cap Rate 9%
$385,478
Alternative Uses
Best Use
Apartment 5plus
$495.6K
$433.7K – $578.2K
NOI $34,693 @ 7.0% cap · market cap 5.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$765.8K
$670.0K – $893.4K
NOI $53,603 @ 7.0% cap · market cap 8.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
262
Businesses Nearby
Explore this area
Business Placement
Demographics for 29405, SC
25,620
Population
13,058
Households
2
Avg Household Size
37
Median Age
27%
College-Educated
84%
High-School Grad
14.7 sq mi
ZIP Area
1,743
Density / Sq Mi
$54,566
Median Household Income
$35,887
Median Earnings
$1,196
Median Rent
$266,200
Median Home Value
Market
Average Price Trend$/SF for Multifamily properties in North Charleston, SC
Properties on Market for Multifamily properties in North Charleston
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - The property contains 2,820 square feet across two addresses in North Charleston.
Where is this multifamily property located?
The property is located at 2001 Hugo Avenue A & B North Charleston, SC.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 2,820‑square‑foot multifamily property; Built in 1940; Crawl‑space foundation
