All Forum Posts by: Carl Fitzgerald

The area between downtown Charleston and Park Circke is known as "The Neck". It is still a low income area that is up and coming and is becoming more desirable for it's proximity to the aforementioned areas. It has gained some value as properties have been rehabbed or new construction has been built, but there is still a long way to go and a lot of equity to be gained. The zip code is traditionally 29405 and the area runs between King St & Meeting St all the way up to Park Circle at Montage St.

I'd love to talk more about it and show you some opportunities. Let's connect and we can go take a look at the area and properties.

Thanks for the detail Peter. Would love to connect on this and take a look at both on and off market opps. Spoke to my realtor I used in DT as well and he had similar insight. From what I understand it’s neighborhood dependent up there. So I definitely don’t want to rush into anything and make sure it’s the right area, but would like to get the ball rolling on this. I’ll give you a call soon to connect.

1 Vote

Charleston, South Carolina

Quote from @Patrick Roberts:

I agree with @Peter H Derry, the neck area will boom over the next 5-10 years. Same with areas along N CHS along the rivers - there are major developments going in on both riverbanks. The neighborhoods between Park Circle and Hanahan will likely do well long term as well.

There is a gutted duplex that is just sitting in my neighborhood on Nunan St downtown right now. I believe it's FSBO. I havent looked into it, but the location is solid. Just gotta watch the flooding on that part of the street.

Thanks Patrick, this feedback is much appreciated.

0 Votes

Charleston, South Carolina

Hi All,

Just purchased my first property and moved from San Diego to Charleston. My wife and I got a duplex downtown and are house hacking one unit.
Looking to add another property. I don’t quite have enough capitol for another property downtown and am currently looking at multi families in North Charleston.
Goal is long term rental buy and hold. Ultimately build equity by having tenants cover mortgage. I am not necessarily looking to cashflow immediately.
Plan is to buy just outside the most desirable area (downtown) in an up and coming neighborhood. I think that areas on the outskirts of desirable cities where many people are moving (ie: Charleston) have great long term potential, as eventually people start to rent right outside the downtown area when prices rise.

Does anyone have general thoughts on this strategy?
Thoughts on market expectations for North Charleston?

Any insight on this specific market or recommendations for particular zips or neighborhoods with strong potential?

Thanks!

0 Votes

Charleston, South Carolina

All Forum Posts by: Carl Fitzgerald

Carl Fitzgerald has started 1 posts and replied 3 times.

Post: North Charleston Market Insight

Post: North Charleston Market Insight

Post: North Charleston Market Insight