4020 Ohear Avenue, North Charleston, SC 29405 (MLS# 24011053)

4020 Ohear Avenue, North Charleston, SC 29405

$2,000,000
Property Type: MultiFamily Square Footage: 10,464 Lot Size (sq. ft.): 37,897 Status: Closed
Current Price: $2,000,000 List Date: 5/02/2024 Last Modified: 12/06/2024

Overview

Description

Fully leased 16 unit multi-family opportunity, only 1 mile from popular Park Circle. All units are 1BR/1BA and all were fully renovated in 2021. In addition, there is residual land on the same parcel for potential additional multi-family development (estimated residual acreage is .35). An additional 16 unit structure was located on the property but was destroyed by fire prior to the current owners purchase. Common area coin-operated laundry leased on both floors (revenue split 50/50 with vendor).

Listing Details MLS# 24011053

Location, Tax & Legal

Tax Map #
4701600024
Street #
4020
Street Name
Ohear
Street Suffix
Avenue
County
Charleston
State
SC
Zip Code
29405
Area
31 – North Charleston Inside I-526
Tax District
43 – City of North Charleston
Subdivision
Edgewood
Elementary School
North Charleston
Middle School
Morningside
High School
North Charleston
Directions
From McMillan Ave., turn on St. Johns Ave. At the curve in the road, property turns into OHear Ave. 4020 OHear will be directly on your right.
Legal Description
LT 1 2 3 4 5 20 & 21 BLK 8

Contract Info

MLS List Date
2024-05-02
Primary Structure List Price/SqFt
258.03

General Property Info

Number of Units
16
# Stories
2
Primary Structure Apx SqFt
10464
Year Built
1967
Acreage
0.87
Potential Short Sale
No
Other Structures Y/N
No

Status Change Info

Sold Date
2024-12-05
Sold Price/SqFt
191.13
New Mortgage Type
Conventional

SqFt Source

Tax Records
Yes

Roof

Architectural
Yes

More Information

Exterior

Brick – Veneer
Yes

Foundation

Crawl Space
Yes

Architectural Style

More than 4
Yes

New Owned/Pre-owned

Pre-Owned
Yes

Tenant Pays

Electric
Yes

Possession

Tenants Rights
Yes

Property Features

SqFt Source: Tax Records Roof: Architectural Exterior: Brick – Veneer Foundation: Crawl Space Architectural Style: More than 4 Tenant Pays: Electric Possession: Tenants Rights
IDX
Listing Office: Southeastern Management Group
Last Updated: December – 06 – 2024
Properties marked with IDX logo are provided courtesy of Charleston Trident Multiple Listing Service, Inc. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Charleston Trident Multiple Listing Service. Real estate listings held by brokerage firms other than the website owner are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing this data believes it to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information is provided exclusively for consumers’ personal, non-commerical use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.