North Charleston, SC 29420
- $167.57Price per SqFt
- 40,848SqFt
- 148Days on Market
- N/AZoning
- 2000Year Built
- Multi FamilyUse
- MLS# 31005582
- Commercial Sales
- Multi Family
- Active
- Approx Time on Market4 months, 28 days
- AreaNorth Charleston/summerville/ladson Dorchester
- CountyDorchester
- Subdivision N/A
Overview
Located less than half a mile from Ashley Phosphate Road, The Cedars presents an exceptional investment opportunity in the thriving North Charleston market. This well-maintained 37-unit townhome condominium portfolio features two-bedroom, 1.5-bathroom layouts, offering desirable living spaces for residents. With a Gross Potential Rent of $618,838 annually, and the ability to potentially increase to $732,600, investors have the potential opportunity to enhance returns. The portfolio includes a mix of annual and month-to-month leases, providing flexibility in revenue optimization. Parking availability further enhances tenant convenience and appeal. Strategically positioned within the high-growth Charleston MSA, The Cedars benefits from strong market fundamentals. Investors can potentially expect a Year 1 cap rate of 6.09%, with a Gross Rent Multiplier (GRM) improvement from 11.06 to 9.34, underscoring the asset's upside potential. This offering may be ideal for investors seeking a stabilized, income-producing property in one of South Carolina's most dynamic real estate markets. Don't miss this opportunity to acquire a well-positioned asset in the heart of North Charleston.Seller is a licensed real estate agent.Also list as MLS# with 9 of the 37 units.Sale includes the following: 172-12-08-040.002, 172-12-08-040.003, 172-12-08-040.004, 172-12-08-040.005, 172-12-08-040.006, 172-12-08-040.010, 172-12-08-040.011, 172-12-08-040.012, 172-12-08-040.017, 172-12-08-040.019, 172-12-08-040.020, 172-12-08-040.022, 172-12-08-040.023,172-12-08-040.024, 172-12-08-040.025, 172-12-08-040.026, 172-12-08-040.027, 172-12-08-040.028, 172-12-08-040.029, 172-12-08-040.030, 172-12-08-040.032, 172-12-08-040.033, 172-12-08-040.034, 172-12-08-040.035, 172-12-08-040.036, 172-12-08-040.037, 172-12-08-040.038, 172-12-08-040.040, 172-12-08-040.041, 172-12-08-040.042, 172-12-08-040.043, 172-12-08-040.044, 172-12-08-040.045, 172-12-08-040.047, 172-12-08-040.048, 172-12-08-040.049, 172-12-08-040.050
Building Info
Anchored: No
Year Built: 2000
Financial
Garage / Parking
Parking Type: Surface
Lot Info
County: Dorchester
Land Size: 4.04
Misc
Title: 37 Condo Units!
Offer Compensation
Property Info
Second Property Subtype: Multi Family
Zoning: Dorchester - R-4 - Multi-Fami
Nearest Msa: Charleston-North Charleston, SC
Property Type: A
Original Price: $6,845,000
Property Use Type: Multi-Family, Residential
Class Type: Multi Family
Sold Info
Sqft Info
Rentable Area: 40848
Unit Info
Utilities / Hvac
Water Source: Public
Sewer: Public Sewer
Directions
Follow I-26 W to Ashley Phosphate Rd/State Rd S-10-75 in North Charleston. Take exit 209A-209B from I-26 W. Use the left 2 lanes to turn left onto Ashley Phosphate Rd/State Rd S-10-75. Turn right onto Windsor Hill Blvd. Turn right onto Cedars Pkwy.Courtesy of listing office Matt O'Neill Real Estate
The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Charleston Trident Multiple Listing Service. Real estate listings held by brokerage firms other than are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Last updated on 07-22-2025 11:51 PM EST .
The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
Copyright 2025 Charleston Trident Multiple Listing Service, Inc. All rights reserved.