1283 Sumner Avenue

    North Charleston, SC 29406
    • $250,000
    • STATUS: Active Under Contract
    • ON SITE: 3 days
    • ID#: 19023467
    Under Contract
    UPDATED: 59 min ago
    $250,000
    • 0
      BEDS
    • 0.71
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,523
      SQFT
    • $99
      $/SQFT
    Type:
    Multi-Family
    Built:
    1974
    County:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    ATTENTION INVESTORS!!!! HIGH CAP RATE PROPERTY(S) OPPORTUNITY!!! THIS PROPERTY HAS NINE (9) FULLY RENTABLE UNITS (5 MOBIL HOMES, 2 DUPLEX, 2 SINGLE FAMS) AND TWO(2) ADDITIONAL VACANT PADS FOR ADDING MORE UNITS!!! ON A QUIANT DEAD-END STREET CORNER (RES- MOBILE HOME PARK!). ------- ***NOI IS CURRENTLY $51,740!! - ***CAP RATE IS CURRENTLY OVER 9%! (CURRENT NORTH CHARLESTON CAP RATE IS 7.1%) ----------- RENTS ARE AS FOLLOWS: **UNIT 1 - $1100, **UNIT 2 - $700, **UNIT 3 - $700, **UNIT 4 - $650, *UNIT 5 - $650, *UNIT 6 - $495, *UNIT 7 - $450, *UNIT 8 - $450, *UNIT 9 - $450 (Once repairs made, currently vac) ----- Square ft. and age of all units are est. ***SEE MLS# 19022699 FOR PKG DEAL!!*** OVER $124,000 IN GROSS ANNUAL INCOME!!****

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    Real estate listing marked with the CTMLS logo or an abbreviated logo are provided courtesy of the Charleston Trident MLS Broker Reciprocity Database. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Cassina Group, LLC. Data last updated: 2019-08-17T16:31:49.54.
    www.thecassinagroup.com/homes/97897551

    1283 Sumner Avenue North Charleston, SC 29406

    • Price: $250,000
    • Status: Active Under Contract
    • Updated: 59 min ago
    • ID#: 19023467
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.71
    Acres
    2,523
    SQFT
    $99
    $/SQFT
    1974
    Built
    Neighborhood:
    N. Charleston - Outside Mark Clark
    County:
    Charleston
    Area:
    N. Charleston - Outside Mark Clark
    Elementary School:
    Matilda Dunston
    Middle School:
    Morningside
    High School:
    North Charleston
    Property Description
    ATTENTION INVESTORS!!!! HIGH CAP RATE PROPERTY(S) OPPORTUNITY!!! THIS PROPERTY HAS NINE (9) FULLY RENTABLE UNITS (5 MOBIL HOMES, 2 DUPLEX, 2 SINGLE FAMS) AND TWO(2) ADDITIONAL VACANT PADS FOR ADDING MORE UNITS!!! ON A QUIANT DEAD-END STREET CORNER (RES- MOBILE HOME PARK!). ------- ***NOI IS CURRENTLY $51,740!! - ***CAP RATE IS CURRENTLY OVER 9%! (CURRENT NORTH CHARLESTON CAP RATE IS 7.1%) ----------- RENTS ARE AS FOLLOWS: **UNIT 1 - $1100, **UNIT 2 - $700, **UNIT 3 - $700, **UNIT 4 - $650, *UNIT 5 - $650, *UNIT 6 - $495, *UNIT 7 - $450, *UNIT 8 - $450, *UNIT 9 - $450 (Once repairs made, currently vac) ----- Square ft. and age of all units are est. ***SEE MLS# 19022699 FOR PKG DEAL!!*** OVER $124,000 IN GROSS ANNUAL INCOME!!****
    Exterior Features

    Architectural Style DuplexMobile HomeOtherSingle Family Detached

    Interior Features

    Unit1 Baths 1.50 Unit1 Bedrooms 3 Unit1 Sq Ft 1100 Unit2 Baths 2.00 Unit2 Bedrooms 4 Unit2 Sq Ft 2523 Unit3 Baths 1.00 Unit3 Bedrooms 2 Unit3 Sq Ft 700 Unit4 Baths 1.00 Unit4 Bedrooms 2 Unit4 Sq Ft 700

    Listing courtesy of Atlantic Edge Real Estate.


    Real estate listing marked with the CTMLS logo or an abbreviated logo are provided courtesy of the Charleston Trident MLS Broker Reciprocity Database. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Cassina Group, LLC. Data last updated: 2019-08-17T16:31:49.54.
     
    The Cassina Group, LLC
    309 Coleman Boulevard
    Mount Pleasant SC, 29464