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.