Skip to main content

Multi-Family

9 Allway Street

9 Allway St, Charleston, SC 29403

Listing Price: $400,000

Lot Size
0.09 acres
Price/Acre
$4,444,444
Land Type
Redevelopment

Investment Overview

Marcus and Millichap is pleased to present 9 Allway St in Downtown Charleston, SC. This is a well located duplex with the bottom unit being a 2 Bedroom 1 Bathroom and a top unit being 3 Bedrooms 1 Bathroom. The total square-footage is 2,340 and includes a shared washer and dryer. Both units are sub-metered and tenants are responsible for their own utilities. Currently the property is being lease at about half of market rent, giving an investor the opportunity to increase rents immediately or renovate and capture even higher rental rates. This property would be a great rental for employees/students of the Medical University of South Carolina with it being less than a mile from the main campus. Also, it is only a mile from King St. offering easy access to restaurants and nightlife. This area of downtown Charleston has seen an increase in new development, with the West Edge Development built in 2019 including a new Publix, Office Space, Retail Space, Multifamily, and the Charleston Harbor Club. The West Edge Development is less than a half mile from 9 Allway St. It could also be a good rental for The Citadel or College of Charleston which are less than 2 miles from this location.

Investment Highlights

  • Centralized and Desirable Location in Downtown Charleston
  • Value Add Opportunity with Proven Resale Value After Stabilization
  • Strong retail in close proximity

Exclusively Listed By

Listing Price: $400,000

Lot Size
0.09 acres
Price/Acre
$4,444,444
Land Type
Redevelopment

Investment Highlights

  • Centralized and Desirable Location in Downtown Charleston
  • Value Add Opportunity with Proven Resale Value After Stabilization
  • Strong retail in close proximity

Investment Overview

Marcus and Millichap is pleased to present 9 Allway St in Downtown Charleston, SC. This is a well located duplex with the bottom unit being a 2 Bedroom 1 Bathroom and a top unit being 3 Bedrooms 1 Bathroom. The total square-footage is 2,340 and includes a shared washer and dryer. Both units are sub-metered and tenants are responsible for their own utilities. Currently the property is being lease at about half of market rent, giving an investor the opportunity to increase rents immediately or renovate and capture even higher rental rates. This property would be a great rental for employees/students of the Medical University of South Carolina with it being less than a mile from the main campus. Also, it is only a mile from King St. offering easy access to restaurants and nightlife. This area of downtown Charleston has seen an increase in new development, with the West Edge Development built in 2019 including a new Publix, Office Space, Retail Space, Multifamily, and the Charleston Harbor Club. The West Edge Development is less than a half mile from 9 Allway St. It could also be a good rental for The Citadel or College of Charleston which are less than 2 miles from this location.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower