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1221 Sumner Avenue

North Charleston, SC 29406
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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 co mprehensive 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.

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Detail Ic Property Details

Property Type : Residential Income

Price : $1,200,000

AD Id : 74291102

MLS Id : 31007684

Year Built : 1973

County : Charleston

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  • Building Information

    Year Built: 1973 Building Area Total: 3000 Private Pool: No

  • Listing Price Information

    Listing Price: $1200000

  • Tax Information

    Parcel Number: 4710300021

  • Parking Information

    Parking Total: 12

  • Location Information

    Direction: Continue on N Rhett Ave/State Rd S-10-60. Drive to State Rd S-10-282/Sumner Ave2 min (0.5 mi)Use the left lane to turn left onto N Rhett Ave/State Rd S-10-600.4 miTurn left onto State Rd S-10-282/Sumner Ave Destination will be on the left WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
5603 Dobson Street, North Charleston, SC, 29406 $740,000 -- -- --
2441 Hansard Drive, North Charleston, SC, 29406 $275,000 2 2 1,329 1,329 SqFt
9103 Woodcreek Court, North Charleston, SC, 29406 $312,500 2 2 1,462 1,462 SqFt
9117 Woodcreek Court, North Charleston, SC, 29406 $290,000 2 2.0 1,403 1,403 SqFt
Salamander Road, North Charleston, SC, 29406 $1,600,000 -- -- --
8867 Salamander Road, North Charleston, SC, 29406 $2,800,000 -- -- --

IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Listing information updated daily.

ByOwner last updated this listing 06/14/2026 @ 23:41

MLS: 31007684 LISTED BY: , SOURCE: South Carolina Statewide Commercial MLS

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