Skip to main content

Multifamily

The Haven at Arco

5059 N Arco Ln, North Charleston, SC 29418

Listing Price: Request For Offer

Number of Units
126
Occupancy
91.2%
Gross SF
49,140

Investment Overview

Marcus & Millichap are pleased to present The Haven at Arco, located in North Charleston, South Carolina. The property sits on 2.67 acres consisting of 126 studio units. This property offers an investor the chance to obtain a multifamily conversion prospect situated close to various demand drivers. The Subject property is fully occupied with short terms leases and awaiting long term approval. The average unit size is 390 SF and the average current rent is around $1,500 with two week leases.

North Charleston is a vibrant city known for its historical significance and modern amenities. As the state’s third-largest city, it’s a hub for commerce, culture, and industry. Over the years, North Charleston has seen growth in real estate, driven in part by its proximity to Charleston and its growing economy. North Charleston’s economy is robust and diverse, driven by various sectors. The city’s economy has historically been influenced by aerospace and aviation, particularly with Boeing’s significant presence, contributing to job growth and economic development. Additionally, the manufacturing industry plays a pivotal role, with several companies operating in the area.

Moreover, North Charleston has a thriving retail sector, thanks to its numerous shopping centers, restaurants, and entertainment venues. The healthcare industry also contributes significantly to the local economy, with hospitals and medical facilities providing employment opportunities. Overall, North Charleston’s economy is diverse, with a blend of industries contributing to its growth and stability.

Investment Highlights

  • 8% Cap Rate
  • Located 0.4 miles from Tanger Outlets
  • Located 3.7 miles to Charleston International Airport
  • Located 10 miles to Downtown Charleston

Exclusively Listed By

Financing By

Multifamily

The Haven at Arco

Listing Price: Request For Offer

Number of Units
126
Occupancy
91.2%
Gross SF
49,140

Investment Highlights

  • 8% Cap Rate
  • Located 0.4 miles from Tanger Outlets
  • Located 3.7 miles to Charleston International Airport
  • Located 10 miles to Downtown Charleston

Investment Overview

Marcus & Millichap are pleased to present The Haven at Arco, located in North Charleston, South Carolina. The property sits on 2.67 acres consisting of 126 studio units. This property offers an investor the chance to obtain a multifamily conversion prospect situated close to various demand drivers. The Subject property is fully occupied with short terms leases and awaiting long term approval. The average unit size is 390 SF and the average current rent is around $1,500 with two week leases. North Charleston is a vibrant city known for its historical significance and modern amenities. As the state’s third-largest city, it’s a hub for commerce, culture, and industry. Over the years, North Charleston has seen growth in real estate, driven in part by its proximity to Charleston and its growing economy. North Charleston’s economy is robust and diverse, driven by various sectors. The city’s economy has historically been influenced by aerospace and aviation, particularly with Boeing’s significant presence, contributing to job growth and economic development. Additionally, the manufacturing industry plays a pivotal role, with several companies operating in the area. Moreover, North Charleston has a thriving retail sector, thanks to its numerous shopping centers, restaurants, and entertainment venues. The healthcare industry also contributes significantly to the local economy, with hospitals and medical facilities providing employment opportunities. Overall, North Charleston’s economy is diverse, with a blend of industries contributing to its growth and stability.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower