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Van Buren Ave 2220 Van Buren Ave 12 Unit Apartment Building $2,462,635 CAD ($205,220 CAD/Unit) 6.12% Cap Rate North Charleston, SC 29406



INVESTMENT HIGHLIGHTS
- Fully Renovated 12-Unit Community with Six One-Bedroom and Six Two-Bedroom Units
- Strong Rents Supported by Updated Interiors and Demand from Major Employers and Military Presence
- Prime Location Near Interstate-26, Interstate-526, Downtown Charleston, Charleston Air Force Base, and Tanger Outlets
- Enhanced Curb Appeal and Long-Term Durability Through Exterior Upgrades and Site Improvements
EXECUTIVE SUMMARY
The LLG Multifamily Group at Marcus & Millichap is pleased to present Van Buren Avenue, a fully renovated 12-unit multifamily community located in North Charleston, South Carolina. The property features a balanced unit mix of six onebedroom and six two-bedroom apartments and has undergone a comprehensive interior and exterior renovation program. Interior upgrades include modernized kitchens and bathrooms, new cabinetry finishes, updated countertops, new fixtures, ceiling fans, flooring, paint, and electrical improvements, along with HVAC and water heater replacements as needed. Select units have also been enhanced with washer and dryer hookups, improving functionality and tenant appeal.
The exterior of the property has been significantly improved with new railings and stair systems, roof enhancements, parking lot concrete replacement, upgraded mailboxes, and refreshed landscaping, all of which enhance both curb appeal and long-term durability. Van Buren Avenue offers investors a true turnkey opportunity with minimal near-term capital requirements. Strategically located near Interstate 26 and Interstate 526, the property provides convenient access to downtown Charleston, Joint Base Charleston, Boeing, the Port of Charleston, and major retail corridors, supporting strong rental demand and long-term investment stability.
The exterior of the property has been significantly improved with new railings and stair systems, roof enhancements, parking lot concrete replacement, upgraded mailboxes, and refreshed landscaping, all of which enhance both curb appeal and long-term durability. Van Buren Avenue offers investors a true turnkey opportunity with minimal near-term capital requirements. Strategically located near Interstate 26 and Interstate 526, the property provides convenient access to downtown Charleston, Joint Base Charleston, Boeing, the Port of Charleston, and major retail corridors, supporting strong rental demand and long-term investment stability.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $2,462,635 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $205,220 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.30 AC |
| Cap Rate | 6.12% | Building Size | 6,300 SF |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2006 |
| Property Subtype | Apartment | Parking Ratio | 1.9/1,000 SF |
| Zoning | MF - Multifamily | ||
| Price | $2,462,635 CAD |
| Price Per Unit | $205,220 CAD |
| Sale Type | Investment |
| Cap Rate | 6.12% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.30 AC |
| Building Size | 6,300 SF |
| No. Stories | 2 |
| Year Built | 2006 |
| Parking Ratio | 1.9/1,000 SF |
| Zoning | MF - Multifamily |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Wheelchair Accessible (Rooms)
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | - | 375 |
| 2+1 | 6 | - | 675 |
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PROPERTY TAXES
| Parcel Number | 472-11-00-047 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $68,731 CAD |
PROPERTY TAXES
Parcel Number
472-11-00-047
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$68,731 CAD
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Van Buren Ave | 2220 Van Buren Ave
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