Viewing Listing MLS# 31005479
Moncks Corner, SC 29461
- $205.12Price per SqFt
- 24,376SqFt
- 146Days on Market
- N/AZoning
- 1971Year Built
- Multi FamilyUse
- MLS# 31005479
- Commercial Sales
- Multi Family
- Active
- Approx Time on Market4 months, 26 days
- AreaMoncks Corner Area Above Oakley Rd
- CountyBerkeley
- Subdivision N/A
Overview
Located just 2.5 miles from Lake Moultrie and within the Charleston metro area, Santee Run features two apartment buildings with a total of 40 units, including 16 two-bedroom and 24 one-bedroom apartments. Approximately 75% of these units have been renovated or rebuilt in the last five years.The property generates a Gross Potential Rent of $440,400 annually, with a potential increase to $552,096. This opportunity includes month-to-month lease agreements and substantial parking availability, with one of the buildings newly constructed in 2019.Investors can capitalize on the growing real estate market within the Charleston MSA, with a projected market cap rate of 6.72% and a Gross Rent Multiplier (GRM) improvement from 12.15 to a market GRM of 9.69.This offering is potentially ideal for investors looking to capitalize on the dynamic real estate market in the Charleston region.*New construction in 2019 on one unit.
Building Info
Anchored: No
Year Built: 1971
Financial
Garage / Parking
Parking Type: Surface
Lot Info
County: Berkeley
Land Size: 1.51
Misc
Title: 40 Unit Apartment Complex in Moncks Corner
Offer Compensation
Property Info
Second Property Subtype: Multi Family
Zoning: Berkeley - R4 - Multifamily R
Nearest Msa: Charleston-North Charleston, SC
Property Type: A
Original Price: $5,349,000
Property Use Type: Residential
Class Type: Multi Family
Sold Info
Sqft Info
Rentable Area: 24376
Unit Info
Utilities / Hvac
Water Source: Public
Sewer: Public Sewer
Directions
Follow US-52 W to Bonnoitt St in Moncks Corner. Turn left onto Wigfall St. Turn right onto State Rd S-8-458. Turn right onto S Live Oak Dr. Turn left onto Bonnoitt StCourtesy of listing office Matt O'Neill Real Estate
The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Charleston Trident Multiple Listing Service. Real estate listings held by brokerage firms other than Realty ONE Group Coastal are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Last updated on 07-21-2025 9:05 AM EST .
The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
Copyright 2025 Charleston Trident Multiple Listing Service, Inc. All rights reserved.
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