Four-Unit Townhome
For Sale
$645,000
Pending
7653 Hunters Ridge Lane, North Charleston, SC 29420
Four attached townhomes offer a multifamily configuration with current rental occupancy and updated major systems.
Property Size4,026 SF
Days on Market60
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Property Features for 7653 Hunters Ridge Lane
General Information
Standard status
Pending
Size
4,026 SF
Property subtype
Multi-Family
Occupancy
75%
Units
Unit Mix
4 x 2BR/1.5BA
Multifamily Units
4
Building Details
Year Built
2001
Listing Agency:
Carolina One Real Estate
(843) 779-8660
Listed By:
Marley Presswood Group
(843) 568-3212
Source:
Marleypresswood
Added: Aug 17
Changed: Oct 15
Last Checked: Oct 14 at 11:07PM
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 Carolina One Real Estate
Investment Insights
Based on property information with market context.
Located at 7653 Hunters Ridge Lane in North Charleston, this 4,026-square-foot multifamily property contains four townhomes. Each residence includes 2 bedrooms and 1.5 baths, creating a consistent unit layout across the asset. Built in 2001, the property has had most major systems replaced or updated.
Current renters occupy 75% of the units. The property is zoned for Dorchester schools and may suit an investor or an owner-occupant seeking a residential income property, subject to applicable requirements. Tenant showings should be coordinated in advance.
Current renters occupy 75% of the units. The property is zoned for Dorchester schools and may suit an investor or an owner-occupant seeking a residential income property, subject to applicable requirements. Tenant showings should be coordinated in advance.
Key Highlights
- Four townhomes, each with 2 bedrooms and 1.5 baths
- 4,026 SF multifamily property built in 2001
- Current occupancy is 75% with renters in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,145
Cap Rate
8.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,062,900
$1.1M
Cap Rate 7%
$759,214
$759.2K
Cap Rate 9%
$590,500
$590.5K
Market Conditions
NOI Build-Up for 4,026 SF
Gross rent
$81.2K $20.16/SF
− Vacancy
−$5.2K −$1.30/SF
EGI
$75.9K $18.86/SF
− OpEx
−$22.8K −$5.66/SF
NOI
$53.1K $13.20/SF
Area
North Charleston, SC
Vacancy
6.46%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,062,900
Cap Rate 7%
$759,214
Cap Rate 9%
$590,500
Alternative Uses
Best Use
Multifamily LT 5
$759.2K
$664.3K – $885.8K
NOI $53,145 @ 7.0% cap · market cap 8.24%
Second Best
Apartment 5plus
$707.6K
$619.1K – $825.5K
NOI $49,529 @ 7.0% cap · market cap 7.68%
Theoretical Best
Office A
$1.09M
$956.6K – $1.28M
NOI $76,526 @ 7.0% cap · market cap 11.86%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
75%
Occupancy
Location Intelligence
Trade Area within ½ mile
120
Businesses Nearby
Explore this area
Business Placement
Demographics for 29420, SC
23,619
Population
9,537
Households
2.5
Avg Household Size
36
Median Age
31%
College-Educated
87%
High-School Grad
10.0 sq mi
ZIP Area
2,362
Density / Sq Mi
$69,043
Median Household Income
$40,949
Median Earnings
$1,506
Median Rent
$283,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four attached townhomes offer a multifamily configuration with current rental occupancy and updated major systems.
Where is this quadplex located?
The property is located at 7653 Hunters Ridge Lane North Charleston, SC.
What is the asking price?
The asking price for this property is $645,000.
What are key features of this property?
This property features: Four townhomes, each with 2 bedrooms and 1.5 baths; 4,026 SF multifamily property built in 2001; Current occupancy is 75% with renters in place
