8-Unit Multi-Family in an OPPORTUNITY ZONE

[Parker Stiles]

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8-Unit Multi-Family in an OPPORTUNITY ZONE

3310 Florida Ave. North Charleston, SC 29405

Rare opportunity to own a multi-family complex of this size in Charleston! This property is also located in one of Trump's "Opportunity Zones." We have been working on this deal for over 14 months, and finally have control of it. All units are occupied and on paper leases! There is a property manager in place, and the "Walk Score" is 73.

All units are 2/1, around 700 SF, & on leases! One paying $750/mo and the other 7 are paying $700/mo. I believe with a little cosmetic work during turnovers you can get this renting at $800 per unit for a total income of $76,800/year. The roof was replaced in 2004. About $45,000 was invested a little while ago in new appliances, new wood on porch decking and stairs, and some other interior cosmetics.