Chatham Place Apartments — Sale in North Charleston, SC

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: North Charleston, SC 29406

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Description

Marcus & Millichap is pleased to present Chatham Place Apartments, a 28-unit multifamily community located in North Charleston, South Carolina. Originally built in 1975, the property offers a long-established asset with a defined operating history in one of the Southeast’s most active multifamily markets. All units are classic, offering investors the ability to improve property performance through capital investments. Four original one-bedroom units have been converted into two larger three-bedroom units, expanding the unit mix. A new roof was installed in 2022, materially reducing near-term exterior capex exposure. The community also features six available large storage units with garages. North Charleston sits at the heart of the Charleston metropolitan area and represents one of the region’s most industrially diversified economies. The submarket is anchored by Boeing South Carolina’s Dreamliner production complex, Bosch, Mercedes-Benz Vans, Charleston International Airport, Joint Base Charleston, and the Port of Charleston, supporting substantial regional demand for rental housing. The broader Charleston MSA continues to rank among the fastest-growing metros in the Southeast, with sustained in-migration, expanding technology and life sciences employment, and one of the country’s most active industrial development pipelines driving durable long-term rental demand. Investment Highlights: • Value-Add Opportunity: All 28 units in classic condition, giving investors the ability to improve property performance through capital investments. • Six Storage Units with Garages: The property includes six available large storage units with garages. • Expanded Unit Mix: Four original one-bedroom units previously converted into two larger three-bedroom units. • Diversified Employment Base: Anchored by Boeing South Carolina, Bosch, Mercedes-Benz Vans, and Joint Base Charleston. • Charleston MSA Growth: One of the Southeast's fastest-growing metros driven by sustained in-migratio

Market Context

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