4556 Oakwood Ave North Charleston, SC 29405
- Commercial real estate
- 4,698 SF
- 0.90 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 4556 Oakwood Ave
- Year built
- 1970
- Lot size
- 0.90 lot acres
- Property size
- 4,698 SF
- Property type
- Commercial real estate
- APN
- 4700800140
Description
This exceptional investment opportunity presents three renovated duplex units situated on a 0.9-acre lot in desirable North Charleston, South Carolina. The property, located at 4556 Oakwood Ave, boasts a total of 4,698 square feet of net rentable space, with each unit offering approximately 900 square feet. Each unit features two bedrooms and one bathroom, an eat-in kitchen, and a living room, along with a washer and dryer. Currently operating at 100% occupancy, the property generates a substantial net operating income (NOI) of $97,500, resulting in a compelling 6.09% cap rate. The asking price is $1,600,000, translating to $282.03 per square foot and $441,666.67 per unit. Built in 1970 and extensively renovated in 2023, this property benefits from a multi-family zoning designation, allowing for flexibility and potential future development. The property includes ample parking with two spaces per unit. Long-term tenants are currently in place, and current lease rates are below market value, presenting an immediate opportunity to increase revenue. This property is a short walk from the vibrant Park Circle area, offering convenient access to local amenities and attractions. The sale includes ownership at closing and is suitable for a 1031 exchange. The property's strong cash flow, prime location, and recent renovations make it an attractive investment for discerning buyers.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- North Charleston
- County
- Charleston
- State
- South Carolina
- Longitude
- -79.978121
- Latitude
- 32.87683
