Investment Overview

Marcus & Millichap is pleased to present Palmetto Square located in North Charleston, South Carolina. This 16-unit property, built in 1980, consists of fifteen 2-bedroom, 1.5-bathroom townhomes and one studio unit. The property has been well-maintained, with significant recent upgrades that enhance its value. The roofs on three buildings were replaced in 2017, 2019, and 2021, ensuring long-term durability and reducing potential maintenance costs. The property features copper wiring, offering reliable electrical infrastructure. In addition to structural improvements, Palmetto Square has undergone a complete renovation, making it an attractive option for tenants and investors alike. The townhomes have been freshly painted and feature updated light fixtures, vanities, and new flooring throughout. New HVAC systems and countertops have also been installed, further increasing the property’s appeal and functionality. Each unit is equipped with washer and dryer connections and a rear patio area with a storage closet for additional convenience. These features, combined with recent updates, make Palmetto Square a low-maintenance, high-potential investment in the growing North Charleston Market. North Charleston is one of the fastest-growing areas in South Carolina. The city is part of the Charleston metropolitan area, a region known for its thriving economy, driven by industries such as aerospace, automotive manufacturing, and technology. North Charleston’s proximity to Charleston International Airport and major highways like I-26 and I-526 makes it a key logistics hub for businesses and residents alike. With continued economic expansion and a diverse employment base, North Charleston remains a strong, stable market for multifamily investments.