Six-Unit Apartment
936 Sheep Island Road #Unit A & B, Summerville, SC 29486
For Sale
$525,000
Four rear units complement a front duplex, with heating and cooling provided by window units.
Property Size3,292 SF
Price / SF$159.48
Days on Market116
Property Features for 936 Sheep Island Road #Unit A & B
General Information
Standard status
Size
Property subtype
Additional Details
Gross Income
Multifamily Units
Tenant in Place
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
Connie White Real Estate & Design, LLC
Listed By:
Connie White · License #78160
(843) 532-3356
Source:
Bottletreeproperties
Added: Jul 15
Changed: Nov 6
Last Checked: Nov 7 at 1:31AM
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 Connie White Real Estate & Design, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2008, this 3,292-square-foot apartment property contains six units on one parcel. The front building is a duplex, with four additional units positioned behind it. Window units provide heating and cooling throughout. The front duplex has a covered porch and shared carport; the rear units have access to a fenced yard and covered carport or patio areas.
Two septic tanks serve the property. The six-unit configuration brings together the front duplex and four units at the rear on a single parcel.
Two septic tanks serve the property. The six-unit configuration brings together the front duplex and four units at the rear on a single parcel.
Key Highlights
- Six units on one parcel: a front duplex plus four rear units
- 3,292 square feet; built in 2008
- Window units provide heating and cooling
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,441
Cap Rate
6.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$688,820
$688.8K
Cap Rate 7%
$492,014
$492.0K
Cap Rate 9%
$382,678
$382.7K
Market Conditions
NOI Build-Up for 3,292 SF
Gross rent
$67.6K $20.52/SF
− Vacancy
−$4.9K −$1.50/SF
EGI
$62.6K $19.02/SF
− OpEx
−$28.2K −$8.56/SF
NOI
$34.4K $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%
$688,820
Cap Rate 7%
$492,014
Cap Rate 9%
$382,678
Alternative Uses
Best Use
Apartment 5plus
$492.0K
$430.5K – $574.0K
NOI $34,441 @ 7.0% cap · market cap 6.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.46M
$2.16M – $2.87M
NOI $172,455 @ 7.0% cap · market cap 32.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
1,644
Businesses Nearby
Explore this area
Business Placement
Demographics for 29486, SC
41,148
Population
19,452
Households
2.1
Avg Household Size
35
Median Age
31%
College-Educated
90%
High-School Grad
62.3 sq mi
ZIP Area
660
Density / Sq Mi
$87,386
Median Household Income
$45,533
Median Earnings
$1,612
Median Rent
$329,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Four rear units complement a front duplex, with heating and cooling provided by window units.
Where is this apartment building located?
The property is located at 936 Sheep Island Road #Unit A & B Summerville, SC.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Six units on one parcel: a front duplex plus four rear units; 3,292 square feet; built in 2008; Window units provide heating and cooling
