The kerry/lakewood developments lots provide an opportunity to construct 41 apartment units at the lakewood site and potentially 8 units at the kerry street site. These locations were previously mobile home sites. The lakewood apartments complex is directly adjacent to both of these sites. An apartment project in the b-c rental range would be ideal for this location and its growth trajectory. The lakewood apartments consists of 41 units and was previously sold for $1,500,000. The product mix within that project consisted of 32 1br units renting from $500-585/month and 9 2br units renting from $650-750/month. This project had a good deal of deferred maintenance at the time of sale but still had significant upside potential.
- 1 - 2 Acres
Number of Lots
Listing information courtesy of RE/MAX Alliance. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of Charleston Trident Association of REALTORS. All information is deemed reliable but should be independently verified.