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2040 Ashley River Rd
Charleston, SC 29407
Asking Price
$475K
Asset Type
Multifamily
Class
Class B
What's Special
Excellent development opportunity <p>Excellent development opportunity with site plans previously approved (expired). Mitigation credits have been purchased and in the process of having those transferred to current ownership. </p><p>Busy signalized and pedestrian-friendly corner of West Ashley. Corner lot with commercial zoning (LB within STR overlay district).</p>
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NOI
$80,000
Cap Rate
16.84%
DSCR
2.84
Strong
Cash-on-Cash
36.35%
Monthly Payment
$2,350.041
Annual Cash Flow
$51,799.51
