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1 S Anderson Avenue, Charleston, SC 29412

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For Sale

$1,199,900

8 beds • 4,254 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $282.06
    Price per square foot

  • 41-50 Years Old
    Age

Explore this Property

Rare Investment Opportunity on James Island!1 South Anderson Avenue is a solid brick quadplex offering four well-maintained 2-bedroom, 1.5-bathroom units in the heart of James Island. Each spacious unit features durable vinyl flooring throughout - no carpet in sight - and each unit has had some kitchen updates.The property brings in $7,300/month in gross rental income with all 4 units rented out at current market rates. With strong in-place cash flow and rental upside over time, this is an ideal addition to any investor's portfolio. Tenants enjoy a practical layout with comfortable living areas, eat-in kitchens, private patios, laundry room in each unit, and 2 upstairs bedrooms & full shared bathroom upstairs. Walking through each unit you'll find they have been very well maintained. The property also offers ample off-street parking in the dedicated parking lot behind the building, low-maintenance landscaping, and a durable brick exterior. *Quadplex is Fully leased, though one of the leases is up in a few months, so an investor could live in one unit and continue renting out the others!* Conveniently located just 6 miles to Folly Beach, 4 miles to Downtown Charleston, and only 3 miles from local favorite Pour House, the Terrace Theater, and restaurants at the Terrace Plaza. It's easy to see how this quadplex combines steady income with long-term appreciation potential in one of Charleston's most desirable submarkets. This is your chance to own a turn-key multifamily property in an unbeatable James Island location - make your offer today!
MLS# 25015172

Courtesy Of eXp Realty Charleston

(888) 440-2798

Property Features

  • Age
    41-50 Years Old
  • Architecture Style
    Other
  • Exterior Type
    Brick
  • Lot Size
    0.25 Acres

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Directions to 1 S Anderson Avenue, Charleston, SC 29412

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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