6216 Murray Dr, Hanahan, SC 29410

12 Unit Apartment Building | $2,400,000 ($200,000/Unit) | 6.22% Cap Rate | Hanahan, SC 29410

Asking Price $2,400,000

Property Type: Multifamily
Square Feet: 13,680 SF

Listing Contacts

William Graves

Ryan Lipomi

Property Info

Property Overview

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.

Property Details

Class: C
Year Built/Renovated: 1970/2023
Stories: 2
Lot Size (sq. ft): 36,590 SF
Units: 12

Highlights

Complete Interior and Exterior Renovation 2023
Close Proximity to the Elementary, Middle, and High Schools
School District is Rated Top 10% in South Carolina
Close Proximity to Major Retailer, Hospitals, and Downtown Charleston
Back Patio’s and In-unit Laundry for Each Unit
Large Townhouse Style Units

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