4020 O'Hear Ave - Recent Closing

4020 O’Hear Ave, North Charleston

Units: 16 (all 1br/1ba)
Shape: Renovated
Sale Price: $2M
Cost per Door: $125K
CAP Rate: 6.26%

Why This Sale Matters:

• Price Chop: Started at $2.7M and sold for $2M. That’s a hefty cut. Shows the sellers were itching to close and maybe we should all be a bit more bullish with our offers.

• Price Point: $125K for a 1-bedroom in North Charleston is nuts. It’s a sign of how hot things are getting, or maybe just how desperate people are to park their cash in real estate.

• Voucher Play: The high voucher values here are inflating things. North Charleston’s pricing is getting a boost from county-wide stats that factor in pricier areas like Mt. Pleasant. It’s good for some, tough on others—classic real estate give and take.