7620 Hunters Ridge Lane, North Charleston, SC 29420 (MLS# 23022200)

7620 Hunters Ridge Lane, North Charleston, SC 29420

$2,585,000
Property Type: MultiFamily Square Footage: 22,865 Lot Size (sq. ft.): 11,326 Status: Closed
Current Price: $2,585,000 List Date: 1/18/2024 Last Modified: 3/13/2024

Overview

Description

Light value add opportunity currently grossing $20,533 with 75% occupancy! This is a package of 5 quadplexes in an up and coming area where rents are consistently increasing. Renovated 2 bed / 1.5 baths in this portfolio are renting for 1,150/mo – 1,400/mo and renovated 3 bed / 1.5 baths in this portfolio are renting for 1,750/month. Currently 6 of the 20 units have undergone renovation leaving 14 to be renovated and rents raised.

Listing Details MLS# 23022200

Location, Tax & Legal

Tax Map #
1720801011
Street #
7620
Street Name
Hunters Ridge
Street Suffix
Lane
County
Dorchester
State
SC
Zip Code
29420
Area
61 – N. Chas/Summerville/Ladson-Dor
Tax District
208 – City of N. Charleston
Subdivision
Pepperidge
Elementary School
Windsor Hill
Middle School
Oakbrook
High School
Ft. Dorchester
Legal Description
PEPPERIDGE T-HOUSES

Contract Info

MLS List Date
2023-09-11
Primary Structure List Price/SqFt
113.62

General Property Info

Number of Units
20
# Stories
2
Primary Structure Apx SqFt
22865
Year Built
1980
Acreage
0.26
Potential Short Sale
No
Other Structures Y/N
No

Status Change Info

Sold Date
2024-02-29
Sold Price/SqFt
113.05
New Mortgage Type
Cash

Unit 1

SqFt
1033

Unit 2

SqFt
1246

More Information

Unit 3

SqFt
1033

Unit 4

SqFt
1246

SqFt Source

Tax Records
Yes

Roof

Architectural
Yes

Exterior

Brick – Solid
Yes
Brick – Veneer
Yes
Vinyl Siding
Yes

Foundation

Slab
Yes

Driveway

Concrete
Yes

Architectural Style

Quadplex
Yes

New Owned/Pre-owned

Pre-Owned
Yes

Proposed Financing

Cash
Yes
Conventional Loan
Yes

Tenant Pays

All Utilities
Yes

Possession

Tenants Rights
Yes

Water/Sewer

Public Sewer
Yes
Public Water
Yes

Utility Suppliers

Dominion Energy
Yes
Dorchester Cnty Water and Sewer Dept
Yes

Property Features

SqFt Source: Tax Records Roof: Architectural Exterior: Brick – Solid; Brick – Veneer; Vinyl Siding Foundation: Slab Driveway: Concrete Architectural Style: Quadplex Tenant Pays: All Utilities Proposed Financing: Cash; Conventional Loan Possession: Tenants Rights Utility Suppliers: Dominion Energy; Dorchester Cnty Water and Sewer Dept
IDX
Listing Office: EXP Realty LLC
Last Updated: March – 13 – 2024
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