Multifamily Property with Month-to-Month
For Sale
$279,000
Pending
218 Parlor Drive, Ladson, SC 29456
Currently occupied by one tenant on a month-to-month basis.
Property Size1,708 SF
Days on Market49
Property Features for 218 Parlor Drive
General Information
Standard status
Pending
Size
1,708 SF
Property subtype
Multi-Family
Building Details
Year Built
1984
Listing Agency:
Beach Residential
Listed By:
Marley Presswood Group
(843) 568-3212
Source:
Marleypresswood
Added: Sep 1
Changed: Oct 16
Last Checked: Oct 16 at 8:35AM
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 Beach Residential
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Investment Insights
Based on property information with market context.
This multifamily property was built in 1984 and is being offered in its current condition. The property needs work, and the seller will make no repairs as part of the sale.
One tenant currently occupies the property under a month-to-month arrangement. Showings require 24 hours’ notice. Flood insurance is not required for the property.
One tenant currently occupies the property under a month-to-month arrangement. Showings require 24 hours’ notice. Flood insurance is not required for the property.
Key Highlights
- One tenant currently occupies the property
- Month‑to‑month tenancy in place
- 24‑hour notice required for showings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,869
Cap Rate
6.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$357,380
$357.4K
Cap Rate 7%
$255,271
$255.3K
Cap Rate 9%
$198,544
$198.5K
Market Conditions
NOI Build-Up for 1,708 SF
Gross rent
$35.0K $20.52/SF
− Vacancy
−$2.6K −$1.50/SF
EGI
$32.5K $19.02/SF
− OpEx
−$14.6K −$8.56/SF
NOI
$17.9K $10.46/SF
Area
Dorchester County, SC
Vacancy
7.30%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$357,380
Cap Rate 7%
$255,271
Cap Rate 9%
$198,544
Alternative Uses
Best Use
Apartment 5plus
$255.3K
$223.4K – $297.8K
NOI $17,869 @ 7.0% cap · market cap 6.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.28M
$1.12M – $1.49M
NOI $89,475 @ 7.0% cap · market cap 32.07%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
507
Businesses Nearby
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Business Placement
Demographics for 29456, SC
37,577
Population
16,136
Households
2.3
Avg Household Size
33
Median Age
24%
College-Educated
92%
High-School Grad
18.1 sq mi
ZIP Area
2,076
Density / Sq Mi
$79,038
Median Household Income
$41,683
Median Earnings
$1,473
Median Rent
$244,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Currently occupied by one tenant on a month-to-month basis.
Where is this multifamily property located?
The property is located at 218 Parlor Drive Ladson, SC.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: One tenant currently occupies the property; Month‑to‑month tenancy in place; 24‑hour notice required for showings
