MLS ID: 25015172
Under Contract - $999,000

About this property

Bedrooms 8
sq2 4254
Lot Size 0.2500 acres
Year Built 1981
DOM 196

Address

Address:
1 Anderson Avenue
Subdivision:
Creek Point
City:
Charleston
Zip Code:
29412
County:
Charleston
State:
SC

Features and Amenities

Cooling
Central Air
Heating
Heat Pump
Community Features
Bus Line
Interior Features
Ceiling Fan(s)
Utilities
Charleston Water Service, Dominion Energy
Other
Central

Description

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 close to 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 if they'd prefer to "house-hack!"* 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 - if this is the kind of investment you're looking to add to your portfolio, inquire for more details today!

Schools

Name Address Phone Type Grade
Camp Road Middle 1825 Camp Road 8437622784 Public 6-8 SPED
Name Address Phone Type Grade
Harbor View Elementary 1576 Harborview Drive 8437622749 Public PK-5 SPED
James Island Elementary 1872 Grimball Road 8437628240 Public PK-5 SPED
Stiles Point Elementary 883-A Mikell Drive 8437622767 Public PK-5 SPED
Name Address Phone Type Grade
James Island Charter High 1000 Fort Johnson Road 8437622754 Public 9-12 SPED
Name Address Phone Type Grade
Murray-LaSaine Montessori 691 Riverland Drive 8437622765 Public PK-8 SPED

Price Change history

  1. $1,199,900 $282/SqFt

  2. $999,000 $235/SqFt

Mortgage Calculator

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Map

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James Schiller

James Schiller

Realtor, Brand Name Real Estate
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