969 Harbor View Road Charleston, SC 29412
MULTI_FAMILY - Charleston, SC
Property Features for 969 Harbor View Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Rooms
- Bedroom 3, Bedroom 1, Bedroom 4, Bedroom 2
- Standard status
- Active Under Contract
- Size
- 1,647 SF
- Lot size
- 0.35 Acres
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1970
- Number of units
- 2
- Building materials
- Brick Veneer
- Roof type
- Asphalt
Listing agent Zack Lord (843) 804-6818
Listing office NAI Charleston, LLC Charleston, SC (843) 804-6818
Listing date Feb 12, 2025
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Investment Insights
Based on property information with market context.
Positioned along the major Harbor View corridor on James Island, the property benefits from easy access and visibility. The parcel is zoned General Business in the City of Charleston and allows for multiple uses, including retail/fast food with a drive-through or office. The duplex sits on a corner parcel and is being offered for sale.
Key Highlights
- Duplex investment property on James Island in an established market, with tenants currently paying rent
- Zoned General Business in the City of Charleston, with stated flexibility for multiple uses including retail/fast food with drive‑through or office
- Well‑situated along the Harbor View corridor with major‑corridor access
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.6k | $19.80 |
| − Vacancy | −$1.8k | −$1.09 |
| EGI | $30.8k | $18.71 |
| − OpEx | −$9.2k | −$5.61 |
| NOI | $21.6k | $13.10 |