$2,585,000
7620 Hunters Ridge Lane
North Charleston, SC 29420
MLS# 23022200
Status: Closed
22865 sqft


7620 Hunters Ridge Lane, North Charleston, SC 29420
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Property 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.

Details
Contract Info
MLS List Date: 2023-09-11
Status: Closed
List Price: $2,598,000
Current Price: $2,585,000
Primary Structure List Price/SqFt: 113.62
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
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
Bedrooms: 2
Baths: 1.5
Unit 2
SqFt: 1246
Bedrooms: 3
Baths: 1.5
Unit 3
SqFt: 1033
Bedrooms: 2
Baths: 1.5
Unit 4
SqFt: 1246
Bedrooms: 3
Baths: 1.5
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

Listing Office: EXP Realty LLC

Last Updated: March - 13 - 2024

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

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About Me

Josiah Williams was born and raised in the Holy City and loves everything the city has to offer. He believes Charleston has something to offer for everyone; whether you enjoy the outdoors, amazing cuisine or the deep history embedded within this great city.

Contact Info

Josiah Williams Real Estate

3103 Ion Avenue
Sullivan’s Island, SC 29482

Direct: 843.860.0858
Fax: 843.881.0824