Two-Building Apartment
2139 Aberdeen Avenue North Charleston, SC 29405
For Sale
Contact for pricing
Two separate apartment buildings total eight 2-bedroom units, with seven currently leased and one recently renovated.
Property Size7,764 SF
Price / SF$193.20
Days on Market21
Property Features for 2139 Aberdeen Avenue
General Information
- Standard status
- Active
- Size
- 7,764 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1978
Listing Agency:
The Boulevard Company
Listed By:
Al Simmons · License #SC 94799
Source:
Crexi
Added: Jul 4
Changed: Jul 21
Last Checked: Jul 24 at 7:13AM
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 The Boulevard Company
Investment Insights
Based on property information with market context.
This apartment complex consists of two separate buildings containing four 2-bedroom, 1.5-bath units per building. Seven of the eight units are currently leased, and one unit is being renovated. Additional space is available at the rear of the apartment complexes, where another rental property could possibly be added, subject to verification of feasibility.
The property is located at 2139 Aberdeen Avenue in North Charleston, SC 29405. The lot is accessible via Graverly Avenue.
Under the current setup, tenants pay all utilities except for water and sewer, which are paid by the seller. Please do not disturb tenants in place. Requests to view the unit that is being renovated require at least 24 to 48 hours’ notice, and the sellers will require an LOI or PSA before viewing any occupied unit. All information is furnished for buyer verification.
The property is located at 2139 Aberdeen Avenue in North Charleston, SC 29405. The lot is accessible via Graverly Avenue.
Under the current setup, tenants pay all utilities except for water and sewer, which are paid by the seller. Please do not disturb tenants in place. Requests to view the unit that is being renovated require at least 24 to 48 hours’ notice, and the sellers will require an LOI or PSA before viewing any occupied unit. All information is furnished for buyer verification.
Key Highlights
- Two separate apartment buildings with total of 8 units
- Each building has four 2‑bedroom, 1.5‑bath units (8 total)
- 7 units are currently leased, with 1 unit recently renovated
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 | $186.3k | $24.00 |
| − Vacancy | −$12.7k | −$1.63 |
| EGI | $173.7k | $22.37 |
| − OpEx | −$78.1k | −$10.07 |
| NOI | $95.5k | $12.30 |
7,764 SF · lease $24.00/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.36M
$1.19M – $1.59M
NOI $95,516 @ 7.0% cap · market cap 6.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.11M
$1.84M – $2.46M
NOI $147,578 @ 7.0% cap · market cap 9.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Two separate apartment buildings total eight 2-bedroom units, with seven currently leased and one recently renovated.
Where is this apartment building located?
The property is located at 2139 Aberdeen Avenue North Charleston, SC.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Two separate apartment buildings with total of 8 units; Each building has four 2‑bedroom, 1.5‑bath units (8 total); 7 units are currently leased, with 1 unit recently renovated
