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$ 2,223,680
Est. payment /mo
Active
1300 Ocean BLVD Isle Of Palms, SC 29451
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 31009462
Property Sub-Type Multi Family
Property Description
This six-unit condominium portfolio offers investors turnkey exposure to three of Charleston's most sought-after submarkets in a single acquisition. Anchoring the portfolio is a beachfront unit at 1300 Ocean Blvd on Isle of Palms, one of the Lowcountry's premier barrier island destinations, prized for its strong short-term rental demand and limited supply of inventory. Rounding out the portfolio are two units at Concord 45 Sycamore in West Ashley, a stable, established submarket just minutes from downtown Charleston with consistent tenant demand, and three units at Rivers Point Row on James Island, a rapidly growing area offering easy access to both downtown and Folly Beach. Five of the six units are currently leased and generating stable cash flow, with the sixth vacant and ready for immediate lease-up or owner-occupancy. Across the portfolio, current rents sit below market, offering a clear opportunity to push rates upward and drive meaningful NOI growth as leases turn over, giving investors both proven in-place income and a straightforward value-add path.
Location
State SC
County Charleston
Listed by Brent Case • Coldwell Banker Comm/Atlantic
NEARBY SCHOOL & BUSINESS
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