Get Insider Access from Charleston's Off Market King + 29 Hot Deals!

Author

Paul Kelton
May 22, 2024

IN THE NEWS

Employers buying property to house their Charleston workers. It's a twist on the housing crisis.

Cynthia Feldman, struggling to find staff due to high living costs in Mount Pleasant, purchased three townhomes to offer affordable rents to her pharmacy employees. Similarly, Roper St. Francis Hospital is exploring building housing on its campus to address the same issue. In recent years, Mount Pleasant's home prices have skyrocketed, making it hard for workers to afford living nearby. The average rent has far exceeded what most can afford on typical salaries, prompting employers like Feldman and Roper to take action. This trend reflects a broader movement where employers are increasingly involved in providing affordable housing solutions.

Elliot’s Off Market List

Be the First to Access Charleston's Real Estate Deals

My partner, Elliot Sperling, is the “off market King” of Charleston Multifamily Real Estate. We are developing a special list of real estate opportunities in the Charleston area, available exclusively to a select group of buyers. These buyers will have early access to properties before they are publicly listed.

You're a great candidate for this opportunity if you:

  1. Have a clear investment strategy and adhere to it consistently.

  2. Possess experience in similar property transactions.

  3. Have your debt/equity lined up

  4. Take your Letters of Intent (LOIs) seriously and commit to your decisions.

  5. Provide honest feedback on each property, particularly if it doesn’t meet your needs.

  6. Agree to confidentiality agreements for access to these exclusive deals.

About 95% of these opportunities will involve properties ranging from 2 to 200 units, located in specific submarkets of Charleston, SC: The City of Charleston, Mt. Pleasant, West Ashley, North Charleston, James Island, Goose Creek, Moncks Corner and extending to Summerville.

We launched a smaller version of this initiative, which brought significant value to our clients. If you're interested in participating, please fill out the form below. Our team will contact you to discuss the next steps.

NEW PUBLICLY MARKETED DEALS IN CHARLESTON

As of this week, there are no new listings, and nothing has closed, but 2 properties have gone under contract

101 Cypress Plantation Road - Sugarhouse Townhomes is a 36-unit community located in Berkeley County, SC, within the "Strawberry Station" neighborhood developed by Ashton Woods. Surrounded by new residential developments totaling approximately 2,500 homes, it is also near major commercial centers like The Village at Foxbank and the Publix-anchored "The Groves of Berkeley." See flyer here.

16 Charlotte St - a prime commercial investment opportunity in historic downtown Charleston. This 15,000 SF property features Class A office space, a landscaped garden with a shaded courtyard, and ample parking. The historic 1835 building combines restored millwork and wood staircases with modern amenities, including a state-of-the-art security system, making it ideal for various commercial and residential uses. See flyer here.

The below list contains every single multifamily property (5+ units) being publicly marketed in Charleston that we have compiled from LoopNet, Crexi, Costar, and 2 different multiple listing services.


Should any of these properties interest you, please do not hesitate to reach out to me directly. I would be more than happy to provide you with the additional information I have on file.