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Multifamily

43 Vanderhorst

43 Vanderhorst St, Charleston, SC 29403

Listing Price: $1,275,000

Cap Rate
4.54%
Number of Units
3
Price/Unit
$425,000
Price/Gross SF
$469.61
Gross SF
2,715

Investment Overview

Marcus and Millichap is pleased to present 43 Vanderhorst, located in Downtown Charleston. The subject property consists of 3 units with a total of 9 Bedrooms and 4 Bathrooms totaling 2,715 SF. Unit A has 4 Bedrooms and 2 Bathrooms, Unit B has 3 Bedrooms and 1 Bathroom, and Unit C has 2 Bedrooms and 1 Bathroom. This property benefits from a central location that is steps from College of Charleston, MUSC, and King St. This is evident in the property’s strong occupancy history and 0% vacancy over the last 5 years. This property will give an investor the opportunity to increase the below market rents immediately following the expiration of the current leases. 43 Vanderhorst has central heating and air conditioning and the tenants are responsible for all utilities. Based off market comparables, a new owner has the opportunity to increase rents 30%-40%.

Investment Highlights

  • Ability to Increase Rents 30-40%
  • Centrally Located in Downtown Charleston
  • 3 Blocks to the College of Charleston
  • 4 Blocks to Medical University of South Carolina

Exclusively Listed By

Multifamily

43 Vanderhorst

Listing Price: $1,275,000

Cap Rate
4.54%
Number of Units
3
Price/Unit
$425,000
Price/Gross SF
$469.61
Gross SF
2,715

Investment Highlights

  • Ability to Increase Rents 30-40%
  • Centrally Located in Downtown Charleston
  • 3 Blocks to the College of Charleston
  • 4 Blocks to Medical University of South Carolina

Investment Overview

Marcus and Millichap is pleased to present 43 Vanderhorst, located in Downtown Charleston. The subject property consists of 3 units with a total of 9 Bedrooms and 4 Bathrooms totaling 2,715 SF. Unit A has 4 Bedrooms and 2 Bathrooms, Unit B has 3 Bedrooms and 1 Bathroom, and Unit C has 2 Bedrooms and 1 Bathroom. This property benefits from a central location that is steps from College of Charleston, MUSC, and King St. This is evident in the property’s strong occupancy history and 0% vacancy over the last 5 years. This property will give an investor the opportunity to increase the below market rents immediately following the expiration of the current leases. 43 Vanderhorst has central heating and air conditioning and the tenants are responsible for all utilities. Based off market comparables, a new owner has the opportunity to increase rents 30%-40%.

Exclusively Listed By

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