CLEMENT ARMS APARTMENTS – 50 UNITS, 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.
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 |
Agent Information Michael Deaton
Location Map
CLEMENT ARMS APARTMENTS – 50 UNITS, NORTH CHARLESTON, SC
Address:
1815 Clements Ave, North Charleston, SC 29405, USA
Price: $
3,500,000
Unit:
50