0 Saint Ives Road

    North Charleston, SC 29406
    • $1,820,000
    • STATUS: Active Under Contract
    • ON SITE: 645 days
    • ID#: 30177795
    Under Contract
    UPDATED: 57 min ago
    $1,820,000
    • 0
      BEDS
    • 4.5
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS

    School Ratings & Info

    Description

    Surveying 17 rental complexes in the surrounding area, the average rent-per-unit comes out to $906 (with a vacancy rate of 5.9%). Summerville, Goose Creek and North Charleston have experienced a supply wave, as a result these submarkets have delivered over 400 units as of 17Q3. The current pipeline for construction of apartment units in this area is 312/units which will be delivered in the 4 quarter of 2017. These new apartments only represent 3.3% of the inventory in the area. At this time there are no proposals for future developments of multi- family units in this area for the next year. A complex built on this property could offer a new product, unique in its amenities, within 2.5 miles of Trident Technical College. The apartment complexes in the area fail to adequately attract newer, younger tenants. The location is ideally situated between downtown Charleston and Summerville, SC. The areas manufacturing market combined with the influx of young professionals could make this location attractive.

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    www.thecassinagroup.com/homes/79866714

    0 Saint Ives Road North Charleston, SC 29406

    • Price: $1,820,000
    • Status: Active Under Contract
    • Updated: 57 min ago
    • ID#: 30177795
    0
    Beds
    0
    Baths
    0
    ½ Baths
    4.5
    Acres
    Neighborhood:
    N. Charleston - Outside Mark Clark
    County:
    Charleston
    Area:
    N. Charleston - Outside Mark Clark
    Property Description
    Surveying 17 rental complexes in the surrounding area, the average rent-per-unit comes out to $906 (with a vacancy rate of 5.9%). Summerville, Goose Creek and North Charleston have experienced a supply wave, as a result these submarkets have delivered over 400 units as of 17Q3. The current pipeline for construction of apartment units in this area is 312/units which will be delivered in the 4 quarter of 2017. These new apartments only represent 3.3% of the inventory in the area. At this time there are no proposals for future developments of multi- family units in this area for the next year. A complex built on this property could offer a new product, unique in its amenities, within 2.5 miles of Trident Technical College. The apartment complexes in the area fail to adequately attract newer, younger tenants. The location is ideally situated between downtown Charleston and Summerville, SC. The areas manufacturing market combined with the influx of young professionals could make this location attractive.
    Exterior Features

    Land Size Min 4.500 Land Size Units Acre

    Property Features

    Property Status Existing Property Sub Type Multi-FamilyOther Property Type Vacant Land Sale Price Min 1820000.00 Title 0 Saint Ives Road Zoning Other

    Listing courtesy of Avison Young - South Carolina Inc.
     
    The Cassina Group, LLC
    309 Coleman Boulevard
    Mount Pleasant SC, 29464