Property Description

Exceptional value-add investment and redevelopment opportunity in one of Charleston's most sought-after locations. This 8-unit townhome community presents a rare chance for investors and developers to reposition a multifamily asset with substantial upside. Ideally situated within the City of Charleston, the property is just steps from Avondale's popular restaurants, shops, and entertainment, including Pearlz Oyster Bar and Triangle Char & Bar.The property currently generates approximately $13,750 in monthly rental income, with several units leased below market rates and one vacant unit ready for renovation and lease-up. Investors have multiple value-creation strategies to consider, including renovating units to achieve market rents and holding for long-term cash flow, selling as a stabilized multifamily investment, or establishing a condominium regime and selling the townhomes individually (subject to applicable approvals). Each townhome averages approximately 900 square feet and features a private courtyard along with off-street parking for two to three vehicles--an increasingly rare amenity in this highly desirable location. With strong rental demand, flexible exit strategies, and significant upside potential, this property represents an outstanding investment opportunity in the Charleston market.