Multifamily
The Ranch at Cooper River
325 Gulledge St, Moncks Corner, SC 29461
Listing Price: $9,000,000
Investment Overview
Marcus & Millichap is pleased to present The Ranch at Cooper River, a 64-unit multifamily community located at 325 Gulledge Street, Moncks Corner, SC 29461.
Constructed in 1981, this two-story garden-style property features a diverse unit mix:
-16 One-Bedroom, One-bathroom Units
-48 Two-bedroom, One-bathroom Units
LOCATION HIGHLIGHTS
Strategically positioned in a thriving market, The Ranch at Cooper River Apartments offers proximity to key landmarks and employment hubs:
-32 Miles from Downtown Charleston
-25 miles from the Charleston International Airport
-2.4 Miles from Roper St. Francis Moncks Corner Medical Plaza
VALUE-ADD OPPORTUNITY
New ownership can capitalize on the existing value-add strategy by:
-Completing renovations on the remaining units
-Increasing rents to align with market rates
-Leveraging the property’s prime location
Additionally, ownership could implement water and sewer bill-back charges.
The Ranch at Cooper River Apartments represents a compelling investment opportunity in a stable and expanding market, with significant upside potential through continued renovations and operational enhancements.
The Ranch at Cooper River
Investment Highlights
- SC Tax Abatement Opportunity: Current rents are below Area Median Income (AMI) requirements, potentially qualifying for tax benefits.
- Value-Add Potential: Opportunity to continue interior renovations and increase rents to market levels, as current rents are on the lower end of the market.
- Prime Location: Close to major employers, educational institutions, and local amenities.
- Diverse Unit Mix: Appeals to a broad tenant base in a growing market.
- Stable and Growing Market: Ideal for investors seeking a high-growth, professional-driven rental market.
Exclusively Listed By
Financing By
Listing Price: $9,000,000
Investment Highlights
- SC Tax Abatement Opportunity: Current rents are below Area Median Income (AMI) requirements, potentially qualifying for tax benefits.
- Value-Add Potential: Opportunity to continue interior renovations and increase rents to market levels, as current rents are on the lower end of the market.
- Prime Location: Close to major employers, educational institutions, and local amenities.
- Diverse Unit Mix: Appeals to a broad tenant base in a growing market.
- Stable and Growing Market: Ideal for investors seeking a high-growth, professional-driven rental market.
Investment Overview
Marcus & Millichap is pleased to present The Ranch at Cooper River, a 64-unit multifamily community located at 325 Gulledge Street, Moncks Corner, SC 29461. Constructed in 1981, this two-story garden-style property features a diverse unit mix: -16 One-Bedroom, One-bathroom Units -48 Two-bedroom, One-bathroom Units LOCATION HIGHLIGHTS Strategically positioned in a thriving market, The Ranch at Cooper River Apartments offers proximity to key landmarks and employment hubs: -32 Miles from Downtown Charleston -25 miles from the Charleston International Airport -2.4 Miles from Roper St. Francis Moncks Corner Medical Plaza VALUE-ADD OPPORTUNITY New ownership can capitalize on the existing value-add strategy by: -Completing renovations on the remaining units -Increasing rents to align with market rates -Leveraging the property’s prime location Additionally, ownership could implement water and sewer bill-back charges. The Ranch at Cooper River Apartments represents a compelling investment opportunity in a stable and expanding market, with significant upside potential through continued renovations and operational enhancements.
Exclusively Listed By
Financing By
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