facebook

traded

+ Submit
Home

/

Deals

/

South Carolina

/

Multifamily

/

Sale

/

1815 Clement Avenue

Marcus & Millichap Sells Clement Arms Apartments In North Charleston, SC For $5.44M
SOLDMultiFamily

Marcus & Millichap Sells Clement Arms Apartments In North Charleston, SC For $5.44M

1815 Clement Avenue

$5,440,000

Building Size

Asset Type

MultiFamily

Closing

Oct 11, 2023

AI

Clement Arms Apartments, a 49-unit multifamily community located at 1815 Clement Avenue in North Charleston, South Carolina, has been sold for $5.44 million. The property spans across 1.24 acres and was brokered by Nate McDaniel, Ryan Lipomi, and William Graves of Marcus & Millichap.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $5,440,000
  • Units: 49
  • Price Per Unit: $111,020
  • Address: 1815 Clement Avenue
  • Market: North Charleston, SC

Marcus & Millichap facilitated the sale of Clement Arms Apartments, a multifamily community comprising 49 units in North Charleston, South Carolina. The transaction, valued at $5.44 million, was successfully concluded by the brokerage team led by Nate McDaniel, Ryan Lipomi, and William Graves.

Players

William Graves

Marcus & Millichap

Broker

$44.1M

vol

8 deals

Broker

North Charleston MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.92%

Cash-on-Cash

-0.83%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93