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$ 825,000
Est. payment /mo
Active
1221 Sumner AVE North Charleston, SC 29406
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 31009667
Year Built 1973
Property Sub-Type Multi Family
Property Description
Don't miss your chance to purchase this turnkey 5-unit multifamily investment at 1221 Sumner Avenue in North Charleston. The offering includes five one-bedroom, one-bathroom units. The property features a stabilized rental profile with a blend of three long-term rental units and two short-term rental units, allowing investors to benefit from diversified income streams and operational optionality. All units are fully leased, and the short-term rental units have an established operating history, supporting immediate cash flow. The asset underwent a comprehensive renovation on Units C, D, and E in 2024 (the other two were renovated recently before current owner purchased, ~2022 and recently refreshed 2026), including significant capital improvements to electrical, plumbing, HVAC systems, and hot water heaters, along with full cosmetic updates. Renovations include new LVP flooring, drywall, quartz countertops, tile showers, stainless steel appliances, updated cabinetry, modern fixtures, fresh interior and exterior paint, and landscaping, positioning the property as a low-maintenance, turnkey investment. The building features concrete block construction, shingle roof, Romex wiring, and PVC/PEX plumbing. The property is located in Flood Zone X (minimal flood risk) and sits on a large lot. Ideally located just minutes from Park Circle, this Sumner 5-plex benefits from proximity to walkable dining, breweries, and neighborhood retail, along with convenient access to Rivers Avenue (US-52), I-526, and I-26, providing efficient connectivity to Downtown Charleston, Daniel Island, and the greater Charleston MSA. Major nearby employment centers include Boeing, Joint Base Charleston, Mercedes-Benz Vans, Charleston International Airport, and the rapidly expanding Naval Yard redevelopment corridor. This property represents a rare small-multifamily opportunity combining stabilized occupancy, renovated core systems, and diversified rental income in a supply-constrained market. With no heavy repositioning required, the property is well suited for investors seeking immediate income, operational ease, and durable long-term value. Some seller financing may be considered from seller equity, there is a mortgage on the property. An LLC purchase will be considered as a way to transfer STR permits. Seller will consider pricing incentives for clean, non-seller-financed transactions with strong terms. Other recent updates: Unit A - New mini split (2026) repaint, pressure wash, door stain, new sun shades, new bath fixtures and other assorted updates. Unit B - Similar maintenance and updates completed Aug 2026.
Location
State SC
County Charleston
Zoning City of North Charleston - R-1 - Single Family Residential
Exterior
Parking Features Surface
Garage Spaces 12.0
Building
Sewer Public Sewer
Water Public
Others
Acceptable Financing Owner May Carry
Listing Terms Owner May Carry
Listed by Dan Rivers • Maven Realty
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