CLEMENT ARMS APARTMENTS – 50 UNITS IN NORTH CHARLESTON, SC

PRICE:
$ 3,500,000
STATUS:
Sold
ADDRESS:
1815 Clements Ave, North Charleston, SC 29405, USA
OVERVIEW:

SOLD 3/4/2022 FOR $3,500,000
$70,000 per unit

Deaton Investment Real Estate represented the buyer and Marcus & Millichap represented the seller in this transaction. Clement Arms Apartments is a 50-unit, all brick apartment community located in North Charleston, SC. Built in 1980, the property features a mix of studio and one-bedroom floor plans. This offering presents an opportunity for a buyer to increase rents significantly through heavy value-add improvements.

Link To Tax Records
UNIT INFORMATION
Unit Type Size Rent
9 UNITS STUDIO 600 SF $575
41 UNITS 1BD/1BA 750 SF $650
PROPERTY INFORMATION
PIN 4691600004
Tax Value $1,437,500
Taxes $27,624.26
Lot Size 1.24 ACERS
Year Built 1980
Exterior BRICK
Floors CARPET, VIYNL
Foundation SLAB
HVAC WINDOW UNITS; BASEBOARD
Utilities TENANT PAYS UTILITIES
Legal Description LTS 49 THRU 56 AND PTS 48 & 57
Appliances RANGE, REFRIGERATOR
Sold Date 2022-03-04
Zoning RES

Location Map

CLEMENT ARMS APARTMENTS – 50 UNITS IN NORTH CHARLESTON, SC
Address: 1815 Clements Ave, North Charleston, SC 29405, USA Price: $ 3,500,000 Unit: 50