1221 Sumner Avenue #A,B,C,D,E, Annette 1 & 2, North Charleston, SC 29406
Local realty services provided by:ERA Greater North Properties
1221 Sumner Avenue #A,B,C,D,E, Annette 1 & 2,North Charleston, SC 29406
$1,200,000
- 4 Beds
- - Baths
- 3,000 sq. ft.
- Multi-family
- Active
Listed by: jacob adamczak, dan rivers
Office: maven realty
MLS#:26001453
Source:MI_NGLRMLS
Price summary
- Price:$1,200,000
- Price per sq. ft.:$400
About this home
Seller will consider pricing incentives for clean, non-seller-financed transactions with strong terms. Don't miss your chance to purchase this turnkey seven-unit multifamily investment comprised of two adjacent buildings on separate parcels at 1221 Sumner Avenue and 5740 Annette Street in North Charleston. The offering includes a five-unit building and a two-unit building positioned next door, providing a total of seven (7) one-bedroom, one-bathroom units and offering future flexibility for separate ownership or disposition.The property features a stabilized rental profile with a blend of five long-term rental units and two short-term rental units, allowing investors to benefit from diversified income streams and operational optionality. All units are fully leased, and the short-termrental units have an established operating history, supporting immediate cash flow.
The asset underwent a comprehensive renovation on 5 of the units between 2023-2024, (the other two were renovated recently before current owner purchased) including significant capital improvements to electrical, plumbing, HVAC systems, and hot water heaters, along with full cosmetic updates. Renovations include new LVP flooring, drywall, quartz countertops, tile showers, stainless steel appliances, updated cabinetry, modern fixtures, fresh interior and exterior paint, and landscaping, positioning the property as a low-maintenance, turnkey investment.
Both buildings feature concrete block construction, shingle roofs, Romex wiring, and PVC/PEX plumbing. The property is located in Flood Zone X (minimal flood risk) and sits on just over one-third of an acre.
Ideally located just minutes from Park Circle, Sumner Seven benefits from proximity to walkable dining, breweries, and neighborhood retail, along with convenient access to Rivers Avenue (US-52), I-526, and I-26, providing efficient connectivity to Downtown Charleston, Daniel Island, and the greater Charleston MSA. Major nearby employment centers include Boeing, Joint Base Charleston, Mercedes-Benz Vans, Charleston International Airport, and the rapidly expanding Naval Yard redevelopment corridor.
Sumner Seven represents a rare small-multifamily opportunity combining stabilized occupancy, renovated core systems, and diversified rental income in a supply-constrained market. With no heavy repositioning required, the property is well suited for investors seeking immediate income, operational ease, and durable long-term value. Some seller financing may be considered from seller equity, there is a mortgage on the property.
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Home facts
- Year built:1973
- Listing ID #:26001453
- Updated:March 04, 2026 at 04:08 PM
Rooms and interior
- Bedrooms:4
- Living area:3,000 sq. ft.
Heating and cooling
- Heating:Electric, Heat Pump
Structure and exterior
- Year built:1973
- Building area:3,000 sq. ft.
- Lot area:0.47 Acres
- Foundation Description:Slab
Schools
- High school:North Charleston
- Middle school:Morningside
- Elementary school:North Charleston
Finances and disclosures
- Price:$1,200,000
- Price per sq. ft.:$400
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