1088 Berkeley St

Beds
Baths
14,380 Sq. Ft.
$80 / Sq. Ft.
14,380
Sq. Ft.
$80
per Sq. Ft.

Description

This fantastic 22 unit apartment complex has been incredibly well-maintained and has an 8% + cap rate. This property includes 3 separate apartment buildings with 2 bedroom, 1 bath units. 2 parking spaces are included per unit. Rents are currently below market, but it has been tested at the $700 rate and were rented right away. There is a security system in place, and a coin laundry service and vending machine is available onsite. Vending machines can be added for additional revenue. This apartment...This fantastic 22 unit apartment complex has been incredibly well-maintained and has an 8% + cap rate. This property includes 3 separate apartment buildings with 2 bedroom, 1 bath units. 2 parking spaces are included per unit. Rents are currently below market, but it has been tested at the $700 rate and were rented right away. There is a security system in place, and a coin laundry service and vending machine is available onsite. Vending machines can be added for additional revenue. This apartment property is located centrally in Charleston, and it is in a growing area. A backflow test is done every year according to county notice, by county list of contractors, paid on time and test passed every year. The HVAC units are well maintained and have been repaired or replaced over the years
  1. Listed by Matt O'Neill Real Estate

Property Details for 1088 Berkeley Street

Subdivision Name
None
LISTING UPDATED: 04/27/2020 11:35 AM

Property Details for 1088 Berkeley Street

StatusClosed
MLS #16000215
Days on Market42
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeOther
MLS TypeResidential Income
Year Built1977
Lot Size0.71 AC / 30,927 SF
CountyBerkeley County

Location

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Building Information for 1088 Berkeley Street

Stories2Residences22Year Built1977Lot Size0.71 AC / 30,927 SF

Payment Calculator

$8,052 per month

30 year fixed, 6.46% Interest

Principal and Interest

$5,791

Property Taxes

$2,261

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 1088 Berkeley Street

Summary
Location and General Information
  • Latitude: 32.905894
  • Longitude: -79.990726
  • Directions: Take Exit 211a-211b From I-26 W. Use The Right Lane To Take Exit 211a-211b For Remount Road Toward Aviation Avenue/air Force Base/hanahan. Keep Right To Continue On Exit 211b, Follow Signs For Remount Road. Continue On Remount Rd/state Rd S-10-13. Drive To Berkeley St In Hanahan.
Taxes and HOA
  • Tax Map Number: 2661300048
School Information
  • Elementary School: Hanahan
  • High School: Hanahan
  • Middle Or Junior School: Hanahan
Parking
  • Attached Garage YN: None
  • Carport YN: None
  • Covered Spaces: 2.0
  • Garage Spaces: 2.0
  • Garage YN: No
  • Parking Features: 2 Car
  • Parking Total: 2.0
Property
Lot Information
  • Building Area Total: 14380.0
  • Building Area Units: Square Feet
  • Foundation Details: Slab
  • New Construction YN: No
  • Structure Type: Condominium, More than 4
Property and Assessments
  • Photos Count: 24
Utilities
  • Utilities: Berkeley Elect Co-Op
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Heating YN: No
  • Cooling YN: No
  • Laundry Features: Common Area, Dryer Connection, Washer Hookup
  • Stories: 2
Exterior Features
  • Construction Materials: Brick Veneer
Multi Family
Multi-Family Information
  • Number Of Units Total: 22

Property History for 1088 Berkeley Street

DateEvent & SourcePriceAppreciation
May 20, 2016

Sold (Public Record)

Public Record #571122568

$1,150,000
May 19, 2016

Sold

CHS Regional MLS #16000215

$1,150,000
Feb 16, 2016

Pending

CHS Regional MLS #16000215

Jan 5, 2016

Listed (Active)

CHS Regional MLS #16000215

$1,354,000
DateEvent & SourcePrice
05/20/2016

Sold (Public Record)

Public Record #571122568

$1,150,000
05/19/2016

Sold

CHS Regional MLS #16000215

$1,150,000
02/16/2016

Pending

CHS Regional MLS #16000215

01/05/2016

Listed (Active)

CHS Regional MLS #16000215

$1,354,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1088 Berkeley Street

Taxable ValueLand$8,413Additions$78,372Total$86,785
Tax Record2024$27,134 ($2,261 / month)
Home Facts
Total Finished SqFt5,200 SqFtAbove Grade Finished SqFt5,200 SqFtLot Size27,878 SqFtStyleMulti-Family Res (5+ Units)ZoningHANAHAN - RM-CountyBERKELEYAPN266-13-00-048

Schools near 1088 Berkeley Street

This home is within Berkeley 01.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 5 to 8
Rating
School
Distance
Hanahan Elementary School
PublicPK to 5

Hanahan Middle School
Public6 to 8

Hanahan High School
Public9 to 12

Cane Bay Middle
Public5 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Matt O'Neill Real Estate

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