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Multifamily

6930 Stall Road

6930 Stall Rd, North Charleston, SC 29406

Listing Price: $320,000

Cap Rate
5.32%

Investment Overview

Marcus & Millichap is pleased to present 6930 Stall Road located in North Charleston SC. The property consists of a Duplex and Two Tenant Owned Mobile Homes. The Duplex is currently rented at $795 per unit per month and has a rental increase to $895 starting January 1st, 2022. The Tenant Owned Homes are located on the back of the +/- .38-acre parcel and are rented out at $450 per month. The property has been updated with new cabinets, carpet, roof, and exterior paint over the past couple years. These upgrades made to the property make it low cost for future maintenance. Tenants are responsible for electric. The TOH are metered out but currently ownership pays for city water & sewer. The City of North Charleston is completing the last phase of “The Palmetto Commerce Parkway Phase 3 (PCP3)”. The Palmetto Commerce Parkway is going to provide a four-lane roadway between Ashley Phosphate Road and West Aviation Avenue near Remount Road. This would facilitate better distribution of traffic in the area north of the I-26/I-526 Interchange and provide a new connection for commuters traveling through the City of North Charleston. This project will be right by Stall Road and will provide opportunities for new ownership in the future.

Investment Highlights

  • Rent Increases in January 2022
  • Newly Renovated
  • High Barrier to Entry Market
  • Palmetto Commerce Parkway in Last Phase Near Property

Exclusively Listed By

Multifamily

6930 Stall Road

Investment Highlights

  • Rent Increases in January 2022
  • Newly Renovated
  • High Barrier to Entry Market
  • Palmetto Commerce Parkway in Last Phase Near Property

Investment Overview

Marcus & Millichap is pleased to present 6930 Stall Road located in North Charleston SC. The property consists of a Duplex and Two Tenant Owned Mobile Homes. The Duplex is currently rented at $795 per unit per month and has a rental increase to $895 starting January 1st, 2022. The Tenant Owned Homes are located on the back of the +/- .38-acre parcel and are rented out at $450 per month. The property has been updated with new cabinets, carpet, roof, and exterior paint over the past couple years. These upgrades made to the property make it low cost for future maintenance. Tenants are responsible for electric. The TOH are metered out but currently ownership pays for city water & sewer. The City of North Charleston is completing the last phase of “The Palmetto Commerce Parkway Phase 3 (PCP3)”. The Palmetto Commerce Parkway is going to provide a four-lane roadway between Ashley Phosphate Road and West Aviation Avenue near Remount Road. This would facilitate better distribution of traffic in the area north of the I-26/I-526 Interchange and provide a new connection for commuters traveling through the City of North Charleston. This project will be right by Stall Road and will provide opportunities for new ownership in the future.

Exclusively Listed By

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