1221 Sumner Avenue, North Charleston, SC 29406 (MLS# 31007684)

Overview

Description

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-term rental 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, ... (Read more) 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-term rental 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. An LLC purchase will be considered as a way to transfer STR permits.

Location

Street Number: 1221
Street Name: Sumner
Street Suffix: Avenue
County: Charleston
Nearest MSA: Charleston-North Charleston, SC
Submarket/Township: 32 - N.Charleston, Summerville, Ladson, Outside I-526
State or Province: SC
Postal Code: 29406
Parcel Number: 4710300021

General Information

Property Sub Type: Multi Family
Listing Name: Sumner Seven
Property Condition: Updated/Remodeled
Number of Units Total: 7
Building Area Total: 3000
LEED Certified: No
Zoning: City of North Charleston - R-1 - Single Family Residential
Property Visibility: Good
List Price/SqFt: 400
Opt In to Crexi?: Yes

Contract Information

Listing Contract Date: 2026-01-16
Original List Price: 1200000
Tax Legal Description: Lt 24 Of 2 Blk 2

Building Related

Percent Occupied: 100
General Condition: Good
Stories Total: Yes
Year Built: 1973
Year Renovated: 2024
Parking Total: 12
Number Of Buildings: 2

Land Related

In Flood Plain?: No

Status Change Info

Status Change Date: 2026-01-16

More Information

Auction Details

Auction: No

Area and Location

Airports: 5 Miles
Highway Access: 1 mile

Directions & Remarks

Directions: Continue on N Rhett Ave/State Rd S-10-60. Drive to State Rd S-10-282/Sumner Ave 2 min (0.5 mi) Use the left lane to turn left onto N Rhett Ave/State Rd S-10-60 0.4 mi Turn left onto State Rd S-10-282/Sumner Ave Destination will be on the left
Public Remarks: 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-term rental 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. An LLC purchase will be considered as a way to transfer STR permits.

Property Sub Type

Multi Family: Yes

Roof

Shingle: Yes

Current Use

Multi-Family: Yes
Residential: Yes

Structure Type

Duplex: Yes
Multi Family: Yes

Construction Materials

Concrete: Yes
Stucco: Yes

Parking Type

Surface: Yes

Heating

Ductless: Yes
Electric: Yes

Cooling

Ductless: Yes
Electric: Yes

Internet Access

Cable: Yes
Satellite: Yes

Lot Features

Level: Yes

Road Frontage Type

City Street: Yes

Road Surface Type

Asphalt: Yes

Water Source

Public: Yes

Sewer

Public Sewer: Yes

Listing Terms

Owner May Carry: Yes

Property Features

Property Sub Type: Multi Family Current Use: Multi-Family; Residential Structure Type: Duplex; Multi Family Roof: Shingle Construction Materials: Concrete; Stucco Parking Type: Surface Heating: Ductless; Electric Cooling: Ductless; Electric Internet Access: Cable; Satellite Lot Features: Level Road Frontage Type: City Street Road Surface Type: Asphalt Water Source: Public Sewer: Public Sewer Listing Terms: Owner May Carry