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Chicora Arms 3211 Spruill Ave 18 Unit Apartment Building $2,000,000 ($111,111/Unit) North Charleston, SC 29405
INVESTMENT HIGHLIGHTS
- Proximity to Park Circle
- Opportunity Zone
- Strong value-add potential
- Proximity to Riverfront Park
- Excellent access to regional employment centers, port activity, and downtown Charleston
EXECUTIVE SUMMARY
Chicora Arms Apartments is currently an 18-unit multi-family unit and can be a 20-unit building. Located within a short distance of the Park Circle area, convenient to highways I-26 and I-526, Naval Station, downtown Charleston and the Port. This property is within an opportunity zone.
PROPERTY FACTS Under Contract
| Price | $2,000,000 | Building Class | C |
| Price Per Unit | $111,111 | Lot Size | 0.13 AC |
| Sale Type | Investment | Building Size | 14,586 SF |
| No. Units | 18 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1966 |
| Property Subtype | Apartment | Parking Ratio | 1.37/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | R-2 - City of North Charleston - R-2 MULTI-FAMILY RESIDENTIAL DISTRICT | ||
| Price | $2,000,000 |
| Price Per Unit | $111,111 |
| Sale Type | Investment |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 14,586 SF |
| No. Stories | 2 |
| Year Built | 1966 |
| Parking Ratio | 1.37/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R-2 - City of North Charleston - R-2 MULTI-FAMILY RESIDENTIAL DISTRICT |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 10 | - | - |
1 1
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $35,070 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$35,070
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Chicora Arms | 3211 Spruill Ave
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