Four-Unit Multifamily
For Sale
$609,000
Pending
7668 Hunters Ridge Lane Unit 1.4, North Charleston, SC 29420
Recent exterior work and updates to one vacant residence add to the property's existing four-unit configuration.
Property Size4,069 SF
Days on Market175
Property Features for 7668 Hunters Ridge Lane Unit 1.4
General Information
Standard status
Pending
Size
4,069 SF
Property subtype
MULTI_FAMILY
Site & Location
Neighborhood
Windsor Hill Plantation
Highway Access
Yes
Additional Details
Multifamily Units
4
Building Details
Building Size
4,069 SF
Year Built
1973
Buildings
1
Listing Agency:
eXp Realty
Listed By:
Ellen O'Neil
(843) 300-8530
Source:
Ellenoneilproperties
Added: May 8
Changed: Oct 27
Last Checked: Oct 27 at 3:26AM
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 eXp Realty
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Investment Insights
Based on property information with market context.
This 1973 multifamily property contains four separate residences within 4,069 square feet. Recent work includes a roof replacement, new fascia boards, and exterior repainting. The vacant unit has also received new flooring and paint.
Located in North Charleston, the property is near Boeing, Joint Base Charleston, Charleston International Airport, shopping, dining, and major highways.
Located in North Charleston, the property is near Boeing, Joint Base Charleston, Charleston International Airport, shopping, dining, and major highways.
Key Highlights
- Four separate units in a 4,069‑square‑foot property
- Roof replaced; fascia boards and exterior paint updated
- Vacant unit has new flooring and paint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,712
Cap Rate
8.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,074,240
$1.1M
Cap Rate 7%
$767,314
$767.3K
Cap Rate 9%
$596,800
$596.8K
Market Conditions
NOI Build-Up for 4,069 SF
Gross rent
$82.0K $20.16/SF
− Vacancy
−$5.3K −$1.30/SF
EGI
$76.7K $18.86/SF
− OpEx
−$23.0K −$5.66/SF
NOI
$53.7K $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%
$1,074,240
Cap Rate 7%
$767,314
Cap Rate 9%
$596,800
Alternative Uses
Best Use
Multifamily LT 5
$767.3K
$671.4K – $895.2K
NOI $53,712 @ 7.0% cap · market cap 8.82%
Second Best
Apartment 5plus
$715.1K
$625.7K – $834.3K
NOI $50,058 @ 7.0% cap · market cap 8.22%
Theoretical Best
Office A
$1.10M
$966.8K – $1.29M
NOI $77,344 @ 7.0% cap · market cap 12.70%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
4
Residential units
Yes
Highway access
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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Recent exterior work and updates to one vacant residence add to the property's existing four-unit configuration.
Where is this quadplex located?
The property is located at 7668 Hunters Ridge Lane Unit 1.4 North Charleston, SC.
What is the asking price?
The asking price for this property is $609,000.
What are key features of this property?
This property features: Four separate units in a 4,069‑square‑foot property; Roof replaced; fascia boards and exterior paint updated; Vacant unit has new flooring and paint
