5603 Dobson Street
North Charleston, SC 29406
5603 Dobson is a 6 unit apartment building with positive cash flow priced over a 10 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 CAP, this won't last long. Current NOI projection attached.
Listing courtesy of Bh&G Re The Beach Company.