Marcus & Millichap Sells Sandover Apartments Multifamily Community In North Charleston For Cash
4381 Gwinnett Street
Building Size
97,525 SF
Asset Type
MultiFamily
Closing
Jun 30, 2026
AI
The property involved in this transaction is Sandover Apartments, a multifamily community located at 4381 Gwinnett Street in North Charleston, SC. This asset comprises 137 units within a 97,525-square-foot structure, situated on 4.87 acres of land. The property was built in 1973 and has since been recognized for its location and the demand for multifamily assets in the area.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: All-cash
- Address: 4381 Gwinnett Street
- Market: North Charleston, SC
- Square Footage: 97,525
- Units: 137
- Acres: 4.87
- Date of Transaction: 06/30/2026
- Brokers: Ryan Lipomi & William Graves - Marcus & Millichap
The sale was arranged by Marcus & Millichap, with brokers Ryan Lipomi and William Graves Jr. facilitating the transaction. The closing of this deal was completed in just seven days, indicative of the current strong market demand for multifamily properties.
Players
Santa MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93