North Charleston, SC 29406,1221 Sumner Ave
North Charleston, SC 29406,1221 Sumner Ave
North Charleston, SC 29406,1221 Sumner Ave
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Listed by   Maven Realty
$1,200,000
Est. payment /mo
4 Beds
3,000 SqFt
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Key Details

Property Type Multi-Family

Sub Type Duplex,More than 4

Listing Status Active

Purchase Type For Sale

Square Footage 3,000 sqft

Price per Sqft $400

Subdivision Charleston Farms

MLS Listing ID 26001453

Bedrooms 4

HOA Y/N No

Year Built 1973

Lot Size 0.470 Acres

Acres 0.47

Property Sub-Type Duplex,More than 4

Property Description

Don't miss your chance to purchase this turnkey seven-unit multifamily investment comprised of two adjacent buildings on separate parcels at 1221 Sumner Avenue and 5740 Annette Street in North Charleston. The offering includes a five-unit building and a two-unit building positioned next door, providing a total of seven (7) one-bedroom, one-bathroom units and offering future flexibility for separate ownership or disposition.The property features a stabilized rental profile with a blend of five 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 5 of the units between 2023-2024, (the other two were renovated recently before current owner purchased) 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.

Both buildings feature concrete block construction, shingle roofs, Romex wiring, and PVC/PEX plumbing. The property is located in Flood Zone X (minimal flood risk) and sits on just over one-third of an acre.

Ideally located just minutes from Park Circle, Sumner Seven 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.

Sumner Seven 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.

Location

State SC

County Charleston

Area 32 - N.Charleston, Summerville, Ladson, Outside I-526

Interior

Interior Features Ceiling Fan(s)

Heating Electric, Heat Pump

Laundry Electric Dryer Hookup, Washer Hookup

Exterior

Utilities Available Charleston Water Service, Dominion Energy

Roof Type Asphalt

Building

Dwelling Type Duplex,More than 4

Story 1

Foundation Crawl Space, Slab

Sewer Public Sewer

Water Public

Structure Type Block/Masonry,Stucco

New Construction No

Schools

Elementary Schools North Charleston

Middle Schools Morningside

High Schools North Charleston

Others

Acceptable Financing Any

Listing Terms Any

Financing Any


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Troy Phillips

Troy Phillips

+1(843) 268-4025

Agent | License ID: 50014

Agent License ID: 50014

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