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Multifamily

Marsia Quadplex

2053 Marsia Ln, North Charleston, SC 29405

Listing Price: $669,000

Cap Rate
6.16%
Number of Units
4
Price/Unit
$167,250
Price/Gross SF
$152.05
Gross SF
4,400

Investment Overview

Marcus and Millichap are pleased to present 2053 Marsia Lane, located in North Charleston, South Carolina. This property is a recently completed comprehensive renovated freestanding quadruplex, 2-bedroom 1 Bath units. Renovations were completed in May 2022; this includes an upgrade of all building services including; air-conditioning with new individually controlled centralized HVAC units; individually metered water and power supply for separate unit billing; and new shingle roof including replacement of all waterproofing and pest prevention. Internal renovations consist of; brand new timber vinyl flooring throughout; complete bathroom reconfiguration with new walk-in shower featuring new floor to wall tiling, WC and vanity suite; kitchen upgrade with new granite counter tops and appliances (stove, microwave and fridge); energy efficient lighting and installation of ceiling fans to all rooms. Currently tenants have new 12-month leases on a staggered expiry profile. New Ownership has the opportunity to increase rents by 15%+ within the first year with minimal repair and maintenance costs.

Investment Highlights

  • Newly Renovated - 2022
  • Ability to Increase Rents by 15%+
  • Minimal Repair and Maintenance Costs
  • Rapidly Expanding Charleston Market

Exclusively Listed By

Multifamily

Marsia Quadplex

Listing Price: $669,000

Cap Rate
6.16%
Number of Units
4
Price/Unit
$167,250
Price/Gross SF
$152.05
Gross SF
4,400

Investment Highlights

  • Newly Renovated - 2022
  • Ability to Increase Rents by 15%+
  • Minimal Repair and Maintenance Costs
  • Rapidly Expanding Charleston Market

Investment Overview

Marcus and Millichap are pleased to present 2053 Marsia Lane, located in North Charleston, South Carolina. This property is a recently completed comprehensive renovated freestanding quadruplex, 2-bedroom 1 Bath units. Renovations were completed in May 2022; this includes an upgrade of all building services including; air-conditioning with new individually controlled centralized HVAC units; individually metered water and power supply for separate unit billing; and new shingle roof including replacement of all waterproofing and pest prevention. Internal renovations consist of; brand new timber vinyl flooring throughout; complete bathroom reconfiguration with new walk-in shower featuring new floor to wall tiling, WC and vanity suite; kitchen upgrade with new granite counter tops and appliances (stove, microwave and fridge); energy efficient lighting and installation of ceiling fans to all rooms. Currently tenants have new 12-month leases on a staggered expiry profile. New Ownership has the opportunity to increase rents by 15%+ within the first year with minimal repair and maintenance costs.

Exclusively Listed By

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