6216 Murray Drive | 6216 Murray Dr
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6216 Murray Drive 6216 Murray Dr
12 Unit Apartment Building $3,413,112 CAD ($284,426 CAD/Unit) 6.40% Cap Rate Hanahan, SC 29410
Investment Highlights
- Complete Interior and Exterior Renovation 2023
- School District is Rated Top 10% in South Carolina
- Back Patio’s and In-unit Laundry for Each Unit
- Close Proximity to the Elementary, Middle, and High Schools
- Close Proximity to Major Retailer, Hospitals, and Downtown Charleston
- Large Townhouse Style Units
Executive Summary
Marcus & Millichap are pleased to present 6216 Murray Dr. located in Hanahan, SC. These 12 Townhouse units are all two bedrooms and one and a half bathrooms. In 2023, the property completed a full renovation including: roofs, windows, HVACs, flooring, luxury countertops, hardware, accessories, cabinets, and exterior paint. The subject property provides tenants with two stories. On the first floor, there is a kitchen, half bath, and onsite laundry. The second floor contains two large bedrooms with walk-in closets and a full bathroom. At 1,200 SF, these units are some of the largest in the Charleston area. Tenants are provided the luxury of relaxing on their outdoor patio while enjoying the large amount of green space in the back yard. The subject property has gone through its first lease up and increase rents in the next cycle by 14%.
Hanahan is known for its small-town atmosphere, family-friendly environment, and convenient access to the amenities of the larger Charleston area. Hanahan Elementary, Middle, and High School are all located less than 2 miles away. The subject property is located only 6 miles from Charleston International Airport and 13 miles from Downtown Charleston. Charleston Southern University and College of Charleston are both easy commutes.
This location offers easy accessibility to major grocery, retail, and dining destinations. Also, Interstate 26 (I-26) is in close proximity, connecting tenants to neighboring communities and the broader Charleston Region. Significant employers within the commuting area include General Dynamic, Charleston Southern University, Pepsi Companies, Boeing, and BAE Systems USA. This area has seen a population growth of 26.36% from 2010-2020.
Hanahan is known for its small-town atmosphere, family-friendly environment, and convenient access to the amenities of the larger Charleston area. Hanahan Elementary, Middle, and High School are all located less than 2 miles away. The subject property is located only 6 miles from Charleston International Airport and 13 miles from Downtown Charleston. Charleston Southern University and College of Charleston are both easy commutes.
This location offers easy accessibility to major grocery, retail, and dining destinations. Also, Interstate 26 (I-26) is in close proximity, connecting tenants to neighboring communities and the broader Charleston Region. Significant employers within the commuting area include General Dynamic, Charleston Southern University, Pepsi Companies, Boeing, and BAE Systems USA. This area has seen a population growth of 26.36% from 2010-2020.
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- Offering Memorandum
Property Facts
| Price | $3,413,112 CAD | Apartment Style | Garden |
| Price Per Unit | $284,426 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.84 AC |
| Cap Rate | 6.40% | Building Size | 13,680 SF |
| No. Units | 12 | Average Occupancy | 95% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1970/2023 |
| Price | $3,413,112 CAD |
| Price Per Unit | $284,426 CAD |
| Sale Type | Investment |
| Cap Rate | 6.40% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.84 AC |
| Building Size | 13,680 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built/Renovated | 1970/2023 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 12 | - | 1,200 |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $92,623 CAD | |
| Land Assessment | $20,571 CAD | Total Assessment | $113,194 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$20,571 CAD
Improvements Assessment
$92,623 CAD
Total Assessment
$113,194 CAD
zoning
| Zoning Code | HANAHAN - (HANAHAN -) |
| HANAHAN - (HANAHAN -) |
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6216 Murray Drive | 6216 Murray Dr
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