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94 Morris St A, B, C, D 94 Morris St 4 Unit Apartment Building $3,064,044 CAD ($766,011 CAD/Unit) 6.03% Cap Rate Charleston, SC 29403

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INVESTMENT HIGHLIGHTS

  • Potential to enclose back porch and add a bedroom
  • Fully leased through July 2026
  • 10 on site parking spots, income producing potential

EXECUTIVE SUMMARY

94 Morris Street is a rare four-unit investment opportunity in downtown Charleston, just one block from MUSC and three blocks from the College of Charleston. Fully leased through July 2026, it offers investors immediate stability and consistent demand from students, medical professionals, and young professionals. The property features 10 bedrooms and 5 bathrooms across four units, with an uncommon downtown amenity: on-site parking for 10 vehicles. One unit also includes an enclosed porch that could be converted into an additional bedroom, creating future value. With King Street dining, shopping, and entertainment just steps away, this is a turnkey investment in one of Charleston's most desirable neighborhoods.
Beyond its prime location and stable leases, this property showcases excellent management and strong rental history. The surrounding neighborhood blends historic charm with modern convenience, making it especially attractive for long-term tenants. Investors will appreciate the low-maintenance condition and value-add potential, whether through reconfiguration of existing space or maximizing parking income. Opportunities like this rarely become available in Charleston's downtown market94 Morris Street delivers both immediate returns and room for future growth.

DATA ROOM Click Here to Access

FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual $99,999
Annual Per SF $9.99
Operating Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Price $3,064,044 CAD
Price Per Unit $766,011 CAD
Sale Type Investment
Cap Rate 6.03%
Gross Rent Multiplier 12.97
No. Units 4
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Single-Family Home
Building Class C
Lot Size 0.13 AC
Building Size 3,805 SF
Average Occupancy 100%
No. Stories 2
Year Built/Renovated 1852/2018
Parking Ratio 2.63/1,000 SF
Zoning DR2 - Diverse Residential

AMENITIES

  • Smoke Detector

UNIT AMENITIES

  • Dishwasher
  • Washer/Dryer
  • Kitchen
  • Oven
  • Tub/Shower
  • Dining Room
  • Freezer

SITE AMENITIES

  • Recycling

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+1 3 $4,118 CAD -
4+2 1 $7,817 CAD -
Walk Score®
Walker's Paradise (92)
Bike Score®
Very Bikeable (75)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
460-15-02-034
Land Assessment
$0 CAD (2024)
Improvements Assessment
$0 CAD (2024)
Total Assessment
$73,019 CAD (2024)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025 Payable 2025
  • Listing ID: 37828262

  • Date on Market: 2025-09-25

  • Last Updated:

  • Address: 94 Morris St, Charleston, SC 29403

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