1221 Sumner Avenue, A,B,C,D,E 5470 Annette 1 & 2, North Charleston, SC 29406

$1,200,000

Property Type: Commercial Sale Square Footage: 3,000 Status: Active

Current Price: $1,200,000 List Date: 7/31/2026 Last Modified: 7/31/2026

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. Some seller financing may be considered from seller equity, there is a mortgage on the property. Seller will consider pricing incentives for clean, non-seller-financed transactions with strong terms. Other recent updates: Unit A - New mini split (2026) repaint, pressure wash, door stain, new sun shades, new bath fixtures and other assorted updates Unit B - Similar maintenance and updates scheduled Aug 2026 5470 Annette - New Roof 2026 Unit 2 - 2026 furnished and did an interior refresh

Listing Details MLS# 31009139

Location

Street Number: 1221
Street Name: Sumner
Street Suffix: Avenue
Unit Number: A,B,C,D,E 5470 Annette 1 & 2
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
Opportunity Zone: No

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: 2026-07-31
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: 2026-07-31

More Information

Auction Details

Auction: No

Area and Location

Airports: 5 Miles
Highway Access: 1 mile

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

Documents

Rent Roll ›

OM Sumner 7 ›

Survey ›

Upgrades & Conveniences ›

Listing Office: Maven Realty

Last Updated: July - 31 - 2026

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1221 Sumner Avenue, A,B,C,D,E 5470 Annette 1 & 2, North Charleston, SC 29406 (MLS# 31009139)