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)