1370 Remount RdNorth Charleston, SC 29406

This exceptional 16-unit apartment complex, situated on a 0.6-acre lot in North Charleston, South Carolina, presents a compelling investment opportunity. The property, comprised of three two-story buildings, boasts 13,900 square feet and features fifteen 2-bedroom, 1.5-bathroom townhomes and one studio unit. Built in 1980 and completely renovated in 2023, the property enjoys 100% occupancy, generating a strong Net Operating Income (NOI) of $151,075, representing a 6.71% cap rate and a pro-forma cap rate of 7.48%. Recent upgrades include new roofs (installed between 2017 and 2021), updated flooring, light fixtures, vanities, countertops, and HVAC systems throughout. Each unit includes washer/dryer connections and a private rear patio with storage. The property benefits from copper wiring and is ideally located near Charleston International Airport, I-26, and I-526, providing easy access to major employers and transportation arteries. The asking price is $2,250,000, or $140,625 per unit. This represents a strong investment in a rapidly growing area of South Carolina with high rental demand. The property's recent renovations, prime location, and high occupancy rate make it an attractive option for investors seeking a stable and profitable multifamily asset.