Multifamily Property for Sale in Charleston, SC

  • Price: $6.5M
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Charleston, SC 29401

Description

The Charleston Chestnut Mansion The Charleston Chestnut Mansion is a spectacular four unit property with nine on-site parking spaces located one block from Market Street on East Bay Street. Each unit comes with two assigned parking spaces included. Each unit is beautifully appointed with high quality materials and appliances. Furnishings are available for purchase separately, offering a turn-key living experience. The first floor contains The Jasper Suite, (renovated in 2019) and the Chestnut Suite, (renovated in 2021). These suites are approx. 1,500 SF each and have 2 bedrooms and 2 baths. The second floor is the Steeple Suite, (renovated in 2016). This suite is approx. 3,000 SF and has 3 bedrooms and 3 baths with a private elevator. The third floor is the Sail Loft Suite, (renovated in 2016). This suite is approx., 2,700 SF and has 3 bedrooms and 2 baths. Surrounded by renowned restaurants, boutique shopping, art galleries, and serene parks, this exclusive residence offers the ultimate downtown lifestyle!

Market Context

This multifamily in Charleston, SC is listed for sale at $6,500,000. It has been on the market for 164 days. Compare it against other multifamily listings for sale in Charleston, SC — <a href="/search/sale/multifamily/south-carolina/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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