- For Sale $4,000,000
- Property Type Other
- Property Size 34,897 SF
- Units 40
- Lot Size 5.67 Acre
- Year Built 1999
- Date Updated May 27, 2026
Description
Beaufort, South Carolina, is a historic harbor city in the heart of the Lowcountry and the Sea Islands. Founded in 1711, it is the second-oldest city in the state and serves as the county seat of Beaufort County. Known as the “Queen of the Carolina Sea Islands,” it is renowned for its well-preserved antebellum architecture, and its entire 304-acre downtown is a National Historic Landmark District.-
Highlights
- 2025 Weitz Replacement Cost (Construction cost only): $353/SF
- 85% LTC, and 5.722% interest
- Acquisition CAP Rate: 12.46%
- Average Home Value: $501,987
- Average Household Income (Age 75+): $92,335
- Average Net Worth (Age 75+): $2,662,035
- Cash on Cash: 34.89%
- CoStar Average National CAP & Sold Comps: 6.5% & $307/SF
- CoStar Southeast Sold Comps: $292/SF; subject property at $114.62/SF
- Debt Service Coverage Ratio: 1.95
- Demographics: As of 2023, the city population is approximately 13,700. The broader county is one of the fastest growing in the South, largely due to development near Hilton Head Island and Bluffton.
- Economic & Social Infrastructure:
- FINANCIAL HIGHLIGHTS (5-Year Hold)
- Forecast NOI: $498,460 (normalizing expenses to 75% of Gross Revenue)
- Gross Revenue: $2,215,380 (Actual)
- IRR: 70.04%
- List Price: $4,000,000
- Marine Corps Air Station (MCAS) Beaufort
- Marine Corps Recruit Depot Parris Island
- Military Presence: A major driver of the local economy, the region hosts several key installations:
False
Contacts
Ernie Anaya, MBA
Bull Realty
Location
Contact Listing Broker
Ernie Anaya, MBA
Bull Realty