2133 Pierpont Ave Charleston, SC 29414
- Residential income homes
- 4,153 SF
- 0.41 lot acres
Current Use by Public Records
- Comedian/Actor Brian T Shirley / Entertainer
- Press The Dress / Wedding Service
Property Details for 2133 Pierpont Ave
- Year built
- 1968
- Lot size
- 0.41 lot acres
- Property size
- 4,153 SF
- Property type
- Residential income homes
- APN
- 353-03-00-078
Description
This exceptional Charleston investment opportunity presents an eight-unit, single-family rental portfolio located at 2133 Pierpont Ave, Charleston, SC 29414. The property, situated on a 0.41-acre lot, boasts a total of 4,153 square feet across two one-story buildings. Built in 1968, the property features eight one-bedroom, one-bathroom units, all currently leased on a short-term basis, offering immediate cash flow. Rental rates range from $800 to $1200 per month, presenting potential for increased revenue through market rate adjustments. Each unit includes an open kitchen and living area with a private rear patio. The property includes 16 parking spaces and a fenced storage area measuring approximately 36 feet 6 inches wide by 96 feet 9 inches deep. The property is zoned SR-1 and is located in a desirable single-family residential area at the intersection of Pierpont Avenue and Bull Creek Lane, adjacent to high-end homes with deep-water lots. The property has been under the same ownership for 27 years, offering a stable history and potential for long-term growth. The asking price is $1,091,000, representing a compelling 6.60% cap rate. This is a rare opportunity to acquire a well-maintained, cash-flowing multifamily property in a prime Charleston location.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Charleston
- County
- Charleston
- State
- South Carolina
- Longitude
- -80.0321504
- Latitude
- 32.8303055
