End-Unit Residential Income
402 East Ave, Bluffton, SC 29910
For Sale
$349,000
Low-maintenance end-unit residence with a screened lanai, lagoon and wooded views, and an updated stainless-steel appliance kitchen.
Property Size1,622 SF
Price / SF$215.17
Days on Market52
Property Features for 402 East Ave
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Multifamily Units
Amenities
front porch
vaulted ceilings
updated kitchen
screened lanai
plantation shutters
upgraded lighting
Building Details
Year Built
Listing Agency:
Maxey Blackstream Christie's International Real Estate
(864) 553-1998
Listed By:
Michael Broadhurst · License SC #4130
(843) 837-7773
Source:
Thebroadhurstgroup
Added: Sep 20
Changed: Nov 8
Last Checked: Nov 8 at 6:10AM
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 Maxey Blackstream Christie's International Real Estate
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Investment Insights
Based on property information with market context.
This 1,622-square-foot end-unit residence, built in 2006, combines a bright open layout with vaulted ceilings and a main-level owner's suite. Two additional bedrooms and a loft are located upstairs, while the updated kitchen includes granite countertops, a backsplash, and stainless-steel Jenn-Air appliances. A front porch, screened lanai, plantation shutters, upgraded lighting, and a 1-car garage add to the home's functional features.
The property overlooks a lagoon and wooded area, providing added privacy and natural light. HOA coverage includes exterior maintenance and the roof, which was replaced in 2023. Located at 402 East Ave in Bluffton, the residence is positioned near shopping, dining, and medical facilities, with Old Town Bluffton and Hilton Head Island a short drive away.
The property overlooks a lagoon and wooded area, providing added privacy and natural light. HOA coverage includes exterior maintenance and the roof, which was replaced in 2023. Located at 402 East Ave in Bluffton, the residence is positioned near shopping, dining, and medical facilities, with Old Town Bluffton and Hilton Head Island a short drive away.
Key Highlights
- 1,622 SF end‑unit residence built in 2006
- Roof replaced in 2023; HOA covers exterior maintenance
- Main‑level owner's suite with two additional bedrooms upstairs
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,289
Cap Rate
4.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$345,780
$345.8K
Cap Rate 7%
$246,986
$247.0K
Cap Rate 9%
$192,100
$192.1K
Market Conditions
NOI Build-Up for 1,622 SF
Gross rent
$33.1K $20.40/SF
− Vacancy
−$1.7K −$1.02/SF
EGI
$31.4K $19.38/SF
− OpEx
−$14.1K −$8.72/SF
NOI
$17.3K $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%
$345,780
Cap Rate 7%
$246,986
Cap Rate 9%
$192,100
Alternative Uses
Best Use
Apartment 5plus
$247.0K
$216.1K – $288.2K
NOI $17,289 @ 7.0% cap · market cap 4.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$489.4K
$428.2K – $571.0K
NOI $34,257 @ 7.0% cap · market cap 9.82%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
192
Businesses Nearby
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Business Placement
Demographics for 29910, SC
49,140
Population
21,169
Households
2.3
Avg Household Size
41
Median Age
46%
College-Educated
95%
High-School Grad
104.4 sq mi
ZIP Area
471
Density / Sq Mi
$96,122
Median Household Income
$41,829
Median Earnings
$1,848
Median Rent
$420,200
Median Home Value
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Market
Properties on Market for Residential income properties in Beaufort County
Frequently Asked Questions
What type of property is this?
Residential income property - Low-maintenance end-unit residence with a screened lanai, lagoon and wooded views, and an updated stainless-steel appliance kitchen.
Where is this residential income property located?
The property is located at 402 East Ave Bluffton, SC.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: 1,622 SF end‑unit residence built in 2006; Roof replaced in 2023; HOA covers exterior maintenance; Main‑level owner's suite with two additional bedrooms upstairs
