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Bank Owned Multi-family development. Investment property in North Charleston located outside of the former Naval Base known as Noisette Project. 13 apartment units in four buildings. Unit mix includes (3) 2-bedroom, (4) 1-bedroom, and (6) studio efficiencies. Three buildings contain 1,488 SF and the fourth contains 1,776 SF. Concrete block construction. Average rent is $385. Through the process on the bank taking ownership we currently have 5 of the units rented to quality tenants. This leaves 8 apartment units available for a potential rental income of an additional $3,080. Current rental income for 5 units $1,925/mo. = $5,005 per MONTH.
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| 3264 | 1205545 |
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