Current Listings

4402 Purdue Drive is a beautifully renovated townhouse in the heart of North Charleston! This home has been completely transformed, offering a perfect blend of modern upgrades and comfort. Featuring a brand-new roof and HVAC system, you can move in with peace of mind knowing the big-ticket items have already been taken care of. Step inside and discover all-new flooring throughout, creating a fresh, cohesive feel across the entire home. The kitchen has been fully remodeled with sleek countertops, stylish cabinetry, and brand-new appliances--ideal for both everyday meals and entertaining guests. Both bathrooms have also been updated with modern fixtures and finishes, ensuring a luxurious experience.

2268 Bailey Drive is a beautifully remodeled 3 bed 1 bath in the heart of North Charleston. Enjoy peace of mind with a brand-new roof and newly installed heating and cooling system, providing efficient climate control. Revel in the sleek, modern flooring throughout the home, adding style and easy maintenance. The heart of the home has been beautifully updated with contemporary finishes, including new countertops, cabinets, and appliances. It's perfect for both everyday meals and entertaining. Inside, you'll find a bright living room that welcomes you with plenty of natural light and space. Each of the three bedrooms offers ample space to suit your needs. The single bath has been refreshed with modern fixtures and finishes.

4230 S Rhett Avenue is a 0.16-acre property in the heart of Park Circle that offers a rare investment and development opportunity. Currently, it features a renovated 2-bedroom, 1-bathroom rental home (updated in 2021) with existing rental income. Zoned R-2 multi-family residential, the lot allows for multiple possibilities. Developers can potentially keep the current home and add a duplex, tear it down to build three townhouses, or construct a larger single-family home.

Don't miss this opportunity--contact us today for details!

Want to learn more about investment opportunities in the Charleston real estate market? Reach out to our team.

Case Study: 1902-1908 Hampton Avenue, North Charleston, SC

  • Case Study: 1902-1908 Hampton Avenue, North Charleston, SC

    Background

    1902 Hampton Avenue is an 11-unit multifamily property located in North Charleston, SC. The property consists of four buildings:

    • A single-family home with 3 bedrooms and 1 bathroom.

    • Three single-level buildings:

      • Two buildings with four one-bedroom, one-bath units each.

      • One building with two one-bedroom, one-bath units.

    The property was purchased in 2021 for $888,000, with rents well below market rates at the time of acquisition. The property was in rough shape, with significant deferred maintenance, outdated interiors, wood rot, and roof issues.

    Strategy

    The strategy for 1902 Hampton Avenue centered on a comprehensive value-add renovation plan to modernize the units, address deferred maintenance, and significantly increase rents. The property’s location in a rapidly growing area with planned infrastructure improvements, such as the Lowcountry Rapid Transit, made it an ideal candidate for a long-term hold.

    Execution

    The renovation plan included substantial upgrades across the entire property:

    • Single-Family Home Renovations:

      • HVAC installation

      • New DP-rated windows

      • New LVP flooring throughout

      • New kitchen with shaker cabinets, appliances, granite countertops, and subway tile backsplash

      • New bathroom with updated sink, tub, and tiled shower walls

      • New paint throughout the interior and exterior

      • New exterior doors and interior knobs

      • Electrical updates with new fixtures, fans, and lighting

      • Plumbing updates with new fixtures and sinks

      • New trim throughout

      • Landscaping improvements

    • One-Bedroom Unit Renovations:

      • New window AC units

      • New LVP flooring throughout

      • New kitchen with shaker cabinets, appliances, granite countertops, and subway tile backsplash

      • New bathroom with updated sink, tub, and tiled shower walls

      • New paint throughout the interior and exterior of all buildings and units

      • New exterior doors and interior knobs

      • Electrical updates with new fixtures, fans, and lighting

      • Plumbing updates with new fixtures and sinks

      • New trim throughout

      • Landscaping improvements

      • New hot water heaters

    Challenges

    During the renovation process, several challenges arose:

    1. Tenant Management:

      • Some tenants refused to vacate the property despite being provided notice and allowed to stay until the end of their lease. This required multiple evictions, which delayed certain renovations.

    2. Termite Issues:

      • Termites were discovered in the single-family house, along with a termite-infested cypress tree on the property.

    3. Plumbing Damage:

      • Plumbing lines were damaged by vehicles driving over them, requiring repairs and preventative measures.

    Despite these obstacles, the renovation was completed in 12 months, and the property came in under budget.

    Financial Results

    • Gross Monthly Rents: Increased by approximately 101% since purchase.

    • NOI (Net Operating Income): Increased by approximately 138% since purchase.

    • Renovation Costs: Finished at 6% under renovation estimates.

    Key Takeaways

    1. Comprehensive renovations can dramatically improve property performance, even in challenging conditions.

    2. Proactively addressing tenant-related challenges and deferred maintenance ensures long-term success.

    3. Investing in a growing area with strong fundamentals and infrastructure development can yield significant returns.

    Conclusion

    1902 Hampton Avenue is now a well-performing multifamily property in a prime location. With its proximity to the planned Lowcountry Rapid Transit and other area investments, the property is positioned for long-term appreciation. The plan is to refinance into long-term debt in 2025 or 2026, depending on interest rate trends, to secure favorable financing and further optimize cash flow.

    This property demonstrates the success of a value-add strategy and serves as a model for future acquisitions.

Case Study: 3336-3338 Kraft Avenue, North Charleston, SC

  • Case Study: 3336-3338 Kraft Avenue, North Charleston, SC

    Property Overview:

    • Address: 3336-3338 Kraft Avenue, North Charleston, SC

    • Units: 9 units across 4 buildings

      • 1 unit: 2 bed, 1 bath

      • 8 units: 1 bed, 1 bath each

    • Purchase Price: $420,000

    • Initial Gross Monthly Rent: Under $2000 and only 1 paying tenant

    • Condition at Purchase: The property was mostly boarded up with extensive deferred maintenance. Only two tenants were in place, with only one paying rent.

    Renovation Summary:

    • Scope of Work:

      • Full renovation of all units

      • Roof replacements

      • New windows throughout

      • Foundation repairs

      • Subfloor replacements

      • Full interior updates: kitchens, bathrooms, flooring, fixtures, electrical, and plumbing

    • Timeline:

      • 8 units completed within the first 8 months

      • Final unit completed 9 months after purchase

    Financial Performance:

    • Gross Monthly Rents: Increased by approximately 457% since purchase

    • NOI (Net Operating Income): Increased by approximately 1537% since purchase

    • Renovation Costs: Finished at 10% over renovation estimate

    Challenges & Solutions:

    • Deferred Maintenance & Structural Issues:

      • Addressed significant foundation and plumbing issues

      • Updated plumbing to current standards

    • Neighborhood & Security Concerns:

      • Installed a portable motion-detected alarm system during renovations

      • Partnered with a local company to install security cameras

      • Coordinated with the electric company to enhance street lighting

    Long-Term Strategy:

    • Plan: Hold long-term and refinance into permanent debt within 12-18 months

    • Market Positioning: Located between the naval base redevelopment, Park Circle, and Rivers Avenue revitalization, with new businesses (King BBQ, Wits End Comedy Club, Starlight Motor Inn) driving demand

    Community Impact:
    By transforming a long-abandoned and boarded-up property, this project has revitalized the neighborhood and provided much-needed affordable housing. The improvements contribute to North Charleston’s broader redevelopment efforts, supporting long-term growth and community stability.

Case Study: Transforming a 14-Property Package in North Charleston & Hanahan, SC

  • Case Study: Transforming a 14-Property Package in North Charleston & Hanahan, SC

    Project Overview

    In 2023, Charleston Revival acquired a distressed portfolio of 14 properties with 21 units across North Charleston and Hanahan, SC, for $2,100,000. The properties were in severe disrepair due to years of neglect under an ineffective property manager. Despite the challenges, our plan was to reposition the portfolio through strategic renovations, tenant stabilization, and selective sales to optimize long-term cash flow.

    Initial Financials

    • Purchase Price: $2,100,000

    • Initial Gross Monthly Rents: Significantly under market rents

    • Condition: Heavy deferred maintenance, structural issues, outdated interiors, and poorly managed tenants

    Renovation & Strategy

    To maximize value, we executed a two-phase strategy:

    1. Renovate & Hold: We identified 7 properties (14 units) with strong long-term rental potential to retain for cash flow.

    2. Renovate & Sell: The remaining 7 properties (single-family homes, 3 bed/1 bath each) were positioned for resale post-renovation.

    Scope of Renovations:

    • Structural & Mechanical: Roof replacements, foundation repairs, new HVAC units, ductwork, and window replacements

    • Interior Upgrades: Full renovations including new flooring, kitchens, bathrooms, and paint

    • Tenant Stabilization: Addressed problem tenants, handled evictions, and secured new leases at market rates

    Timeline: The entire renovation and stabilization process took 13 months, largely due to existing tenant leases delaying the start of renovations.

    Financial Results

    Renovation Budget: Finished at 1% under budget

    Gross Monthly Rents: Increased by approximately 87%

    Challenges Faced

    • Tenant & Management Issues: The previous property management company had neglected the tenants, leading to difficulties collecting payments, particularly from government programs like Section 8 and 180 Place.

    • Evictions & Turnover: Some tenants refused to vacate, requiring legal eviction proceedings, which delayed renovations.

    • Unknown Structural Issues: Foundation problems and HVAC failures required additional unexpected repairs.

    Long-Term Plan

    With the renovations complete and rents significantly increased, we plan to refinance into long-term debt within the next four months and hold the properties for long-term cash flow and appreciation.

    Key Takeaways

    • Strategic Selling: Selling part of the portfolio helped recover capital and reduce the renovation burden.

    • Proactive Management: Taking control of rent collection and tenant turnover early prevented further losses.

    • Market Optimization: By bringing units to market standards, we nearly doubled the rental income.

    This project reinforced our ability to identify, renovate, and reposition distressed properties while maintaining a disciplined investment approach.