Portfolio Sale | 6 Condos
$2,223,680
1300 Ocean Boulevard Unit 142, Isle of Palms, SC 29451
4.5
Cap Rate
5,326 sqft
Building Size
Details:
Description:
This six-unit condominium portfolio offers investors turnkey exposure to three of Charleston's most sought-after submarkets in a single acquisition. Anchoring the portfolio is a beachfront unit at 1300 Ocean Blvd on Isle of Palms, one of the Lowcountry's premier barrier island destinations, prized for its strong short-term rental demand and limited supply of inventory. Rounding out the portfolio are two units at Concord 45 Sycamore in West Ashley, a stable, established submarket just minutes from downtown Charleston with consistent tenant demand, and three units at Rivers Point Row on James Island, a rapidly growing area offering easy access to both downtown and Folly Beach. Five of the six units are currently leased and generating stable cash flow, with the sixth vacant and ready for immediate lease-up or owner-occupancy. Across the portfolio, current rents sit below market, offering a clear opportunity to push rates upward and drive meaningful NOI growth as leases turn over, giving investors both proven in-place income and a straightforward value-add path.
This portfolio brings together six fully-leased condominium units in three of Charleston's most recognizable residential communities: oceanfront Isle of Palms, in-town West Ashley, and James Island. It's being offered as one transaction, but it splits cleanly along community lines for a buyer who only wants a piece of it.
Listing ID: e31a09ae-44eb-48e9-ae4e-d90f121d81ff
Documents:
| Title | ||
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| Portfolio_Graham_Brent.pdf |
Location
