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- LoopNet Team
18 Killians St
Charleston, SC 29403
Land For Sale
·
0.15 AC
PROPERTY FACTS
ABOUT 18 KILLIANS ST , CHARLESTON, SC 29403
GREAT INVESTMENT OPPORTUNITY IN CENTRAL DOWNTOWN CHARLESTON,SC WITH 8.5% PRO-FORMA CAP RATE! THIS LOT IS CLEARED WITH BUILD READY PLANS FOR A 6 BED 6 BATH DUPLEX. PRIME LOCATION WALKING DISTANCE FROM THE MEDICAL UNIVERSITY OF SC AND JUST STEPS FROM LOCAL RESTAURANTS AND SHOPPING. THIS A PERMIT READY OPPORTUNITY FOR AN INVESTOR, DEVELOPER OR OWNER OCCUPANT. - CLEARED LOT WITH EXISTING CURB CUT ON FISHBURNE STREET, STAMPED ARCHITECTURAL PLANS, STAMPED ENGINEERING PLANS, GEOTECHNICAL REPORT/ SOIL TESTS COMPETED, AND SURVEY. - PLANS HAVE BEEN VALUE ENGINEERED TO REDUCE CONSTRUCTION COSTS AND MAXIMIZE RENTAL INCOME. DESIGN INCLUDES ROOFTOP DECKS, SPACIOUS BEDROOMS WITH TALL CEILINGS AND COVERED GROUND FLOOR PARKING. - PLANS HAVE BEEN REVIEWED BY ZONING ADMINISTRATOR AND ARE READY FOR PERMITTING. PRO-FORMA INCOME PROJECTIONS: NOI: $64,700 ANNUAL RETURN ON EQUITY: 14.86% (25% DOWN,5% INTEREST, 30 YR AM) 5 YEAR IRR: 26.7%
