2133 Pierpont - Recent Closing

2133 Pierpont, West Ashley

• Units: 8 (all 1br/1ba)

• Shape: Renovated

• Sale Price: $1.054M

• Cost per Door: $131.75K

• CAP Rate: 5.92%

Why This Deal’s a Head-Turner:

• Price Check: Started at $1.091M and closed at $1.054M. What does this tell us? West Ashley’s market isn’t just stable; it’s predictable. And well priced assets are selling. This deal landed right on the money, proving it’s still prime territory for smart money.

• Price point: Dropping $131K per door for a renovated 1-bedroom? That’s spot on. For context, 2-bedrooms around here are going for about $162K/door.

• Needle: This gem hasn’t hit the market since ‘97—talk about a rare find. Only 39 small multifamily properties exist in West Ashley, and they hardly ever pop up for sale. Scarcity like this? It’s what makes deals like these hotter than a Carolina summer.