Avalon at North Charleston — Sale in North Charleston, SC
- Price: $179
- Listing type: For sale
- Asset type: Multifamily Property
- Location: North Charleston, SC 29418
- Size: 274,937 SF
- Year built: 2009
Photos
Description
Jones Lang LaSalle, a South Carolina licensed real estate broker, has been retained as the exclusive sales representative for Avalon at North Charleston , a compelling 285-unit suburban townhome community located at 7900 Rocky Mount Road in North Charleston, SC. This well-maintained 2009-vintage asset represents a rare opportunity to acquire a stabilized workforce housing community with significant embedded value-add potential and strong fundamentals in one of the Southeast's fastest-growing metros. Avalon at North Charleston is currently 90% occupied and benefits from a substantial rent spread to market, creating immediate upside potential. The property features a desirable mix of 97 one-bedroom units (34%) and 188 two-bedroom units (66%) averaging 965 SF. Notably, the townhome product type is exceptionally scarce in the North Charleston submarket, with no comparable townhome developments in the current pipeline, providing insulation from new lease-up competition. Current ownership has already proven the value-add thesis, with renovated one-bedroom and two-bedroom units commanding premiums of approximately $179 and $205 per month, respectively. With 240 units remaining in classic condition (84% of total inventory), the new owner inherits a validated renovation playbook. As Charleston continues to lead the Southeast in job creation and population growth, adding over 40 new residents daily, the Charleston MSA offers value-add investors a rare combination of immediate cash flow, proven renovation economics, and compelling long-term growth potential on a strategically positioned 27-acre infill site in supply-constrained North Charleston.
Market Context
This multifamily in North Charleston, SC is listed for sale at $179 across 274,937 SF. The building dates to 2009. Compare it against other multifamily listings for sale in North Charleston, SC — view the full market.
Contact
- Ben Bury · 7045262865 · ben.bury@jll.com
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