(UNDER CONTRACT)Sandover Apartments

MUlTI-FAMILY

MARKET VALUE

$17,500,000

Property Description

Sandover Apartments is a C-class asset with far-below market rents, along with a promising growth curve ahead of it. Listed below are some highlights of the property.

Sandover Apartments boasts strong investor returns, with a projected Average Annual Return of 18%+
The property was underwritten with a conservative vacancy rate of 7%
Previous ownership has proven rent increases by renovating 11 units.
Surrounding North Charleston encompasses the 19th fastest growing city in the United States.
Rent growth of $150-$200+ after renovations.

Property Details

Property Type

MUlTI-FAMILY

Bedrooms

1-2

Bathrooms

1-1.5

Size

750 SQ FT

Year Built

1973

Property Location

4381 Gwinnett St, North Charleston, SC 29418, USA