2133 Pierpont Ave Charleston, SC 29414

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.