Viewing Listing MLS# 30653567 | 3733 St. Johns, North Charleston SC
North Charleston, SC 29405
- $133.36Price per SqFt
- 10,873SqFt
- 445Days on Market
- N/AZoning
- 1966Year Built
- Multi FamilyUse
- MLS# 30653567
- Commercial Sales
- Multi Family
- Sold
- Approx Time on MarketN/A
- AreaNorth Charleston Inside I-526
- CountyCharleston
- SubdivisionN/A
Overview
3733 St. Johns provides an opportunity to purchase a completely stabilized and renovated apartment complex just outside Park Circle. The property includes a large 12-unit building and four 2-bedroom houses. Three houses have been updated, but the fourth is vacant and needs to be completely renovated. The main apartment building also underwent a unit and common area renovation. In addition to the interior renovations, the property has experienced extensive exterior improvements as well. Some of the exterior capital expenditures include parking lot site-work and rejuvenation, exterior repairs and painting, complete landscaping overhaul, and a new roof will be installed before closing. The property shows great, and the area is continuing to experience rapid redevelopment.The property voluntarily participates in the Section 8 program and the majority of the rent is coming from one of the various housing authorities. While a purchaser has the ability to convert the units to market-rate as the surrounding area continues to grow, the current setup as Section 8 provides good stability with no issues in rent collection and near-zero vacancy. Each unit is separately metered for electricity, but the landlord provides at his expense, water, sewer, cable, and internet.
Sale Info
Listing Date: 01-30-2023
Sold Date: 01-27-2021
Listing Sold: 
3 Year(s), 2 month(s), 24 day(s) ago
Asking Price: $1,450,000
Selling Price: $1,450,000
Price Difference:
Same as list price
Building Info
Anchored: No
Year Built: 1966
Financial
Asking Price Type: Fixed Price
Garage / Parking
Lot Info
County: Charleston
Land Size: 0.00
Misc
Title: 15-units Multifamily
Offer Compensation
Property Info
Second Property Subtype: Multi Family
Zoning: City of North Charleston - R-
Nearest Msa: Charleston-North Charleston, SC
Sale Terms: Cash
Property Type: A
Original Price: $1,450,000
Build To Suit: No
Property Use Type: Investment, Multi-Family
Class Type: Multi Family
Sold Info
Sold Date: 2021-01-27T00:00:00
Sqft Info
Rentable Area: 10873
Unit Info
Utilities / Hvac
Courtesy of listing office Woodlock Brokerage LLC