7620 Hunters Ridge Lane, North Charleston, SC 29420
$2,585,000
Property Type:
MultiFamily
Square Footage:
22,865
Lot Size (sq. ft.):
11,326
Status:
Closed
Current Price:
$2,598,000
List Date:
1/18/2024
Last Modified:
3/13/2024
Overview
Description
Light value add opportunity currently grossing $20,533 with 75% occupancy! This is a package of 5 quadplexes in an up and coming area where rents are consistently increasing. Renovated 2 bed / 1.5 baths in this portfolio are renting for 1,150/mo - 1,400/mo and renovated 3 bed / 1.5 baths in this portfolio are renting for 1,750/month. Currently 6 of the 20 units have undergone renovation leaving 14 to be renovated and rents raised.
Listing Details MLS# 23022200
Location, Tax & Legal
- Tax Map #
- 1720801011
- Street #
- 7620
- Street Name
- Hunters Ridge
- Street Suffix
- Lane
- County
- Dorchester
- State
- SC
- Zip Code
- 29420
- Area
- 61 - N. Chas/Summerville/Ladson-Dor
- Tax District
- 208 - City of N. Charleston
- Subdivision
- Pepperidge
- Elementary School
- Windsor Hill
- Middle School
- Oakbrook
- High School
- Ft. Dorchester
- Legal Description
- PEPPERIDGE T-HOUSES
Contract Info
- MLS List Date
- 2023-09-11
- Primary Structure List Price/SqFt
- 113.62
General Property Info
- Number of Units
- 20
- # Stories
- 2
- Primary Structure Apx SqFt
- 22865
- Year Built
- 1980
- Acreage
- 0.26
- Potential Short Sale
- No
- Other Structures Y/N
- No
Status Change Info
- Sold Date
- 2024-02-29
- Sold Price/SqFt
- 113.05
- New Mortgage Type
- Cash
Unit 1
- SqFt
- 1033
Unit 2
- SqFt
- 1246
More Information
Unit 3
- SqFt
- 1033
Unit 4
- SqFt
- 1246
SqFt Source
- Tax Records
- Yes
Roof
- Architectural
- Yes
Exterior
- Brick - Solid
- Yes
- Brick - Veneer
- Yes
- Vinyl Siding
- Yes
Foundation
- Slab
- Yes
Driveway
- Concrete
- Yes
Architectural Style
- Quadplex
- Yes
New Owned/Pre-owned
- Pre-Owned
- Yes
Proposed Financing
- Cash
- Yes
- Conventional Loan
- Yes
Tenant Pays
- All Utilities
- Yes
Possession
- Tenants Rights
- Yes
Water/Sewer
- Public Sewer
- Yes
- Public Water
- Yes
Utility Suppliers
- Dominion Energy
- Yes
- Dorchester Cnty Water and Sewer Dept
- Yes
Property Features
SqFt Source:
Tax Records
Roof:
Architectural
Exterior:
Brick - Solid; Brick - Veneer; Vinyl Siding
Foundation:
Slab
Driveway:
Concrete
Architectural Style:
Quadplex
Tenant Pays:
All Utilities
Proposed Financing:
Cash; Conventional Loan
Possession:
Tenants Rights
Utility Suppliers:
Dominion Energy; Dorchester Cnty Water and Sewer Dept
Listing Office:
EXP Realty LLC
Last Updated: March - 13 - 2024
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