1819 Clement Ave, North Charleston, SC 29405

Commercial property for lease

• Description
• CASH BUYERS ONLY. Ideal for a 1031 exchange. This listing consists of 16 units. 12 Efficiency/Studio units plus 4 One-bedroom units. The current owner has had a long-term agreement with Origin SC (Formally, Family Services Inc) as well as a signed annual contract with Charleston Dorchester Mental Health which keep the units occupied. All rental and water payments are deposited directly into account of owner at the beginning of each month. No hassle of waiting to collect each month. 2015 NOI $82,343. All efficiency units are now renting at $495/ mo. Two of the four 1 bedroom units are currently renting at $550/mo and the other two 1 bedroom units will be raised from the current $500/mo to $550 per month for the next tenant. All rent adjustments have been approved by Family Services. Building price details: $675,000.
• Exterior Features

• Parking:	Yes
  Parking Spaces:	10
  Parking Type:	Surface

• Contact info
• Doug M Hart

  Armada Realty Group
• Note

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