Multifamily Property for Sale in North Charleston, SC

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: North Charleston, SC 29406

Description

Marcus & Millichap is pleased to present Dobson MHP, a 19 pad manufactured housing community with an additional single family residence located in North Charleston, one of the most dynamic and rapidly growing submarkets within the greater Charleston MSA. Situated on approximately 1.9 acres, the property features a well balanced mix of 16 park owned homes (POHs), 3 tenant owned homes (TOHs), and a single family residence, providing multiple income streams and operational flexibility for investors. The asset presents a compelling opportunity to acquire a stabilized community with in place cash flow while offering upside through operational efficiencies and potential rent growth. The North Charleston market continues to benefit from strong population growth, a diverse employment base, and ongoing economic investment throughout the region. Anchored by major employers such as Boeing, Mercedes-Benz Vans, and the Charleston International Airport, the area has experienced sustained demand for affordable housing options, positioning manufactured housing communities as an increasingly attractive asset class. Additionally, the property’s proximity to Park Circle, a rapidly revitalizing district known for its dining, retail, and community amenities, further enhances its appeal to residents. Continued infrastructure expansion and access to the Port of Charleston have supported job creation and long term economic stability. As housing affordability constraints persist across the broader Charleston region, communities like Dobson MHP are well positioned to capture renter demand seeking cost effective living alternatives. Investment Highlights: • 19 pad community with an additional single family residence and a diversified unit mix including 16 POHs and 3 TOHs • Located in the high-growth North Charleston submarket within the Charleston MSA • Strong in-place cash flow with value-add potential through rent optimization and expense management • Benefiting from proximity to major emp

Market Context

This multifamily in North Charleston, SC is listed for sale. It is offered at an approximate 8.9% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 68 days. Compare it against other multifamily listings for sale in North Charleston, SC — <a href="/search/sale/multifamily/south-carolina/north-charleston">view the full market</a>.

As of Q4 2019, the Charleston multifamily market showed a 4.6% vacancy rate, average asking rents near $1804.00/unit/mo, and rents up 12.7% year over year. Source: Consensus Q4 2019 market report.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Multifamily market FAQ

Is the Charleston multifamily market tightening or softening?
Vacancy is around 4.6%, with asking rents rising year over year (Q4 2019).

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