For Sale
$4,160,000
1850 Pebble RdCharleston, SC 29407
32-unit apartment building, high potential
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 120
Highlights
- Significant rental upside potential: Current rents are $200-400 below market, allowing for increases to $1300-1400 per unit after renovations.
- Excellent West Ashley location: Convenient access to major highways, schools, shopping (including Food Lion, Target, and Citadel Mall).
- Strong employment base: Proximity to major employers like Roper St. Francis, Boeing, Joint Base Charleston, and MUSC, supporting high occupancy.
- Substantial value-add opportunity: Renovating the remaining eight units to match the two renovated units will significantly increase property value and rental income, achieving market rents of $1300-1400.
Property Details for 1850 Pebble Rd
- Property type
- Apartment buildings
- Square Feet
- 22,000 SF
- Class
- C
- Year Built
- 1973
- Buildings
- 4
- Stories
- 2
- Lot Size (sq. ft)
- 41,818 SF
- Units
- 32
Location Insight
- City
- Charleston
- County
- Charleston
- State
- South Carolina
- Latitude
- 32.7874664
- Longitude
- -80.0234065
1850 Pebble Rd, Charleston, South Carolina
Nearby Similar for Sale
FAQs
- What type of property is this?
- Apartment building - 32-unit apartment building, high potential
- Where is the apartment building located?
- The property is located at 1850 Pebble Rd Charleston, SC.
- What is the asking price?
- The asking price for this property is $4,160,000.
- What are key features of this property?
- This property features: Significant rental upside potential: Current rents are $200-400 below market, allowing for increases to $1300-1400 per unit after renovations.; Excellent West Ashley location: Convenient access to major highways, schools, shopping (including Food Lion, Target, and Citadel Mall).; Strong employment base: Proximity to major employers like Roper St. Francis, Boeing, Joint Base Charleston, and MUSC, supporting high occupancy.
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