2135 Montford Ave Charleston, SC 29403
This exceptional 2017-built triplex in Charleston's vibrant Downtown area presents a compelling investment opportunity. The property boasts 4,197 square feet across three units, each offering approximately 1,300 square feet of living space with 3 bedrooms and 2.5 bathrooms. High-end finishes, open floor plans with high ceilings, stainless steel appliances, and large windows are featured throughout. Units on the second and third floors include spacious balconies. Five off-street parking spaces are included – a highly desirable amenity. The property enjoys 100% occupancy with staggered lease renewals beginning March 1, 2025, generating a current gross annual revenue of $102,000. Its prime location offers easy access to Wagener Terrace, Historic Downtown Charleston, and the burgeoning NoMo area, a developing tech hub with numerous restaurants and breweries. Proximity to the Charleston International Airport (10-15 minute drive) and the planned Magnolia Development (a 20-acre mixed-use project) further enhances its investment potential. The property sits on a 0.11-acre lot and is zoned Resid-Dup/Tri. A $2,500 lender credit is available towards closing costs and prepaids when using the seller's preferred lender, in addition to any negotiated seller concessions. This stabilized investment offers a blend of luxury living and strong financial returns.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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