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INVESTMENT HIGHLIGHTS
- Opportunity to Transfer 60% Tax Abatement on All Assets, Significantly Boosting Cash Flow
- Strong Unit Mix of Two- and Three-Bedroom Floor Plans
- Compelling Value-Add Upside Through Continued Interior Upgrades
- Prime Location Near Park Circle and Major Employment Drivers
- Renovated Units with In-Place Cash Flow and Limited Deferred Maintenance
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present the Charleston Stallion Portfolio, a 50-unit multifamily offering comprised of Dobson Place (12 units), Remount Place (22 units), and Stallion Grove (16 units), all located in the highly desirable North Charleston submarket. The portfolio features a strong mix of spacious two- and three-bedroom floor plans that cater to families, workforce housing demand, and long-term renters seeking affordability and convenience near Charleston’s major employment centers. Each property benefits from close proximity to Park Circle, one of the region’s most vibrant and rapidly redeveloping neighborhoods, as well as major demand drivers including Boeing, Joint Base Charleston, and the North Charleston Industrial Hub.
Across the portfolio, the majority of units have undergone renovations including new flooring, upgraded appliances, and modernized cabinetry, creating a solid foundation of in-place income with additional value-add potential through continued interior upgrades and operational efficiencies. All properties further benefit from a transferable 60% tax abatement, significantly reducing operating expenses and enhancing cash flow. Positioned in one of the fastest-growing MSAs in the Southeast, the Charleston Stallion Portfolio offers investors a rare opportunity to acquire scale, tax-advantaged cash flow, and long-term appreciation potential within a supply-constrained, high-demand rental market.
Across the portfolio, the majority of units have undergone renovations including new flooring, upgraded appliances, and modernized cabinetry, creating a solid foundation of in-place income with additional value-add potential through continued interior upgrades and operational efficiencies. All properties further benefit from a transferable 60% tax abatement, significantly reducing operating expenses and enhancing cash flow. Positioned in one of the fastest-growing MSAs in the Southeast, the Charleston Stallion Portfolio offers investors a rare opportunity to acquire scale, tax-advantaged cash flow, and long-term appreciation potential within a supply-constrained, high-demand rental market.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $12,486,600 CAD | Number of Properties | 3 |
| Price / SF | $335.00 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 6.19% | Total Building Size | 37,273 SF |
| Sale Type | Investment | Total Land Area | 2.11 AC |
| Status | Active |
| Price | $12,486,600 CAD |
| Price / SF | $335.00 CAD / SF |
| Cap Rate | 6.19% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 37,273 SF |
| Total Land Area | 2.11 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 1441 Remount Rd, Charleston, SC 29406 | Multifamily | 17,795 SF | 1989 | - |
| 5640-5648 Dobson St, Charleston, SC 29406 | Multifamily | 14,102 SF | 1992 | - |
| 5555 Mole Ln, Charleston, SC 29406 | Multifamily | 5,376 SF | 1988 | - |
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Charleston Stallion Portfolio
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