![](https://images.squarespace-cdn.com/content/v1/6404bb8fbc9d6c370e1e8001/8c681072-da96-4106-a474-a72faca78576/43OH+Exterior+2023-03-15-01.jpg)
Coming Soon:
A value-add opportunity
located in Charleston’s Summerville submarket.
Country Club Apartments is a value-add investment opportunity located in the Summerville submarket of Charleston, South Carolina. Operating in the extended use period of a Low Income Housing Tax Credit (LIHTC) restriction, the property has the unique ability to capture rents comparable to market rate while also taking advantage of a tax law that provides up to $222/unit/month in real estate tax savings.
Offering & Projected Returns
33 Units
$5,150,000 ($156,061 / unit)
Offered Free & Clear
Cap Rate: 6.46%
Cash-On-Cash: 8.73% (YR1), 8.83% (7-YR Avg)
IRR: 11.43% (Unlevered), 23.71% (Levered)