特性

ユニット数

285

稼働率

90%

竣工年

2009

賃貸可能面積

25,542 ㎡

形容

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.

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投資のハイライト

• 2009 Vintage with Proven Value-Add Upside Renovated units commanding $179 (1BR) and $205 (2BR) monthly premiums.

• 84% of Inventory Remains Classic: 240 units available for renovation at ~$12,000 per unit generating $196/month average premium.

• High-Demand Submarket with Scarce Supply: Only 2 conventional projects in pipeline within 3 miles; no townhome competition. Deliveries down 35% in 2026, 50% in 2027.

• Strategic Location Near Major Employers: 10 min to Boeing (8,253 jobs), 12 min to Joint Base Charleston (24,900 jobs), 14 min to MUSC Health (17,000 jobs).

• Military Housing Demand: Adjacent to Joint Base Charleston; many service members qualify below 60% AMI with guaranteed BAH income.

• Nation's Fastest-Growing State: South Carolina leads U.S. in population growth; Charleston growing 3X faster than national average at 3.9% annually.

• Significant Discount to Replacement Cost: 2009 townhome construction offers compelling value vs. new conventional development.

• Proximity to New $1.2B Roper St. Francis Medical Campus: ~15-minute drive to 805,000 SF healthcare facility opening 2029, creating nearly 3,600 jobs and $2.5 billion total economic impact for North Charleston.

• Active SC Tax Abatement: Property benefits from 100% property tax exemption currently in place.