5603 Dobson is a 6 unit apartment building with positive cash flow priced over a 10.5 CAP. Each unit is 1 bedroom/1 bathroom. The property stays fully occupied and rents in the area have been steadily increasing with room for improvement even at the current rates. Unit 1 rents for $625, Unit 2 rents for $625, Unit 3 rents for $450, Unit 4 rents for $650, Unit 5 rents for $550, and Unit 6 rents for $600. Very large parking lot in the back of the building provides plenty of parking for tenants. Don't miss out on this great investment opportunity! Priced at over a 10.5 CAP, this won't last long. Current NOI projection attached.
Listing courtesy of CTAR / Sam Little / Beach Residential
Last checked:
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Last updated Aug 29, 2023
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MLS# 18003007 —
The Building
Year Built:
1973
New Construction:
false
Structure Type:
More than 4
Roof:
Asphalt
Construction Materials:
Wood Siding
Foundation Details:
Crawl Space
Building Area Total:
2890
Building Area Units:
Square Feet
Interior
Stories:
2
Location
Latitude:
32.898114
Longitude:
-80.007714
The Property
Property Type:
Residential Income
Lot Size Acres:
0.21
Lot Size Area:
0.21
Lot Size SqFt:
9147.6
Lot Size Units:
Acres
Listing Agent
Contact info:
No listing contact info available
Beds
Bedrooms Total:
6
The Listing
Buyer Agency Compensation:
3.00
Heating & Cooling
Cooling:
true
Cooling:
Window Unit(s)
Heating:
true
Utilities
Utilities:
Charleston Water Service
Sewer:
Public Sewer
Water Source:
Public
Schools
Community Features:
Bus Line
Elementary School:
Matilda Dunston
Middle Or Junior School:
Morningside
High School:
North Charleston
The Community
Subdivision Name:
Charleston Farms
Parking
Garage:
false
Parking Features:
Other (Use Remarks)
Any use of search facilities of CTMLS data on this site, other than by a consumer looking to purchase real estate, is prohibited. Properties provided courtesy of the Charleston Trident MLS Broker Reciprocity Database. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data deemed reliable but not guaranteed accurate by the MLS.
The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.
GreatSchools scores are based on a scale from 1 to 10, where 10 is above average. The school service areas are not definitive and should only be used as guidance.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date
Event
Source
Price
% Change
3/4/13
Mar 4, 2013
CTAR
$85,000
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Multifamily
Sold
on 3/30/2018
$295,000
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Listing provided by broker:
Sam Little
Beach Residential
Listing Agents and Buyer’s Agents represent the two sides of a real estate transaction. As a Seller of a home, your Listing Agent represents your interests and will advise, consult and follow your instructions to sell your property at the best possible price and terms.
If you’re a Buyer, a Buyer’s Agent advises you throughout the transaction, helping you get the best deal and advocating for you. The Buyer’s Agent commission is also paid by the Seller, so the Buyer never sees a bill for their service.
Many first time Buyers believe they can work without a Buyer’s Agent and instead use the same agent as the Seller. When both Buyer and Seller use the same agent, known as “dual agency”, it can sometimes save on fees, but it also puts the agent in a conflict of interest, not fully representing either party.
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Any use of search facilities of CTMLS data on this site, other than by a consumer looking to purchase real estate, is prohibited. Properties provided courtesy of the Charleston Trident MLS Broker Reciprocity Database. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data deemed reliable but not guaranteed accurate by the MLS.
The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.
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Last updated Aug 29, 2023
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