40 Bee Street Flats

Charleston, South Carolina

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Building

Stats

  • Property Type Multifamily - Mid-Rise
  • Year built 1984
  • Building size (SF) 59,903
  • Parking 109 total spaces with one (1) permit per unit

Overview

Avison Young is pleased to present for sale 64 units at 40 Bee Street in the heart of the Charleston Peninsula. Known as 40 Bee Street Flats (www.40beestreet.com), the subject multifamily property is comprised of a total of 84 units* and is strategically located within the soft boundaries of the Medical University of South Carolina. 40 Bee Street’s proximity to MUSC, the Citadel, and the College of Charleston coupled with recent capital improvements of over $2 million, makes it uniquely positioned for continuous demand and success. This offering presents a unique opportunity for a multifamily investor to continue operating the units as apartments for MUSC residents and other professionals or for a developer to monetize these condominiums.

*64 of the 84 units are available. Contact listing agents regarding potential availability of additional units.

Highlights

Prime location on the Peninsula across the street from the Medical University of South Carolina and near the College of Charleston and the popular King Street retail district

Strong rental history to mix of MUSC students and young professionals

Recent capital expenditures upgrading many of the units
Onsite amenities including fitness center, laundry room, study lounge, off-street parking, and WiFi

Current rental rates approximately 10% below market

Location Map

Team

Christopher Fraser, CCIM

Christopher Fraser, CCIM

Regional Managing Director
Avison Young - US - SC - Greenville
18434529425
Gary Lyons, CCIM SIOR

Gary Lyons, CCIM SIOR

Principal | Capital Markets
Avison Young - US - SC - Greenville
+1 864 535 5142
+1 919 323 0118

Downloads

Offering Memorandum (L)

OM_40_Bee_Street_Flats.pdf

Sale Flyer

40_Bee_Street_Flats_Flyer.pdf

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