NOT LISTED FOR SALE

5603 Dobson St North Charleston, SC 29406

Park Circle Neighborhood
6 Beds
4 Baths
2,890 Sq Ft
9,148 Sq Ft Lot

Last Sold March 30, 2018

Last sale price $295,000 $102 Per Sq Ft

8 Days on Market

Highlights

  • Cooling Available
  • Wood Siding
  • 5-minute walk to Charleston Farms Community Center
  • Property is near a bus stop
  • Heating Available

About This Home

As of March 2018

5603 Dobson is a 6 unit apartment building with positive cash flow priced over a 10.5 CAP. Each unit is 1 bedroom/1 bathroom. The property stays fully occupied and rents in the area have been steadily increasing with room for improvement even at the current rates. Unit 1 rents for $625, Unit 2 rents for $625, Unit 3 rents for $450, Unit 4 rents for $650, Unit 5 rents for $550, and Unit 6 rents for $600. Very large parking lot in the back of the building provides plenty of parking for tenants. Don't miss out on this great investment opportunity! Priced at over a 10.5 CAP, this won't last long. Current NOI projection attached.

Last Agent to Sell the Property

Sam Little

Beach Residential License #98653 Listed on: 02/05/2018

Beach Residential

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1973

Lot Details

  • 9,148

Home Design

  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 6 Bedrooms
  • 2,890 Sq Ft Home
  • 2-Story Property
  • Crawl Space

Schools

  • Matilda Dunston Elementary School
  • Morningside Middle School
  • North Charleston High School

Utilities

  • Cooling Available
  • Heating Available

Additional Features

  • 9,148 Sq Ft Lot
  • Property is near a bus stop

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 6 Units
  • Charleston Farms Subdivision

Building Details

  • Operating Expense $10,337
  • Gross Income $42,000
  • Net Operating Income $31,663

Property Details

Home Type

Multi-Family

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1973
  • Lot Size Acres: 0.21
  • Subdivision Name: Charleston Farms
  • Garage Yn: No
  • New Construction: No
  • Building Stories: 2
  • Structure Type: More than 4
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bedrooms: 6

Exterior Features

  • Roof: Asphalt
  • Construction Type: Wood Siding
  • Foundation Details: Crawl Space
  • Property Condition: Pre-Owned

Garage/Parking

  • Open Parking: No
  • Parking Features: Other (Use Remarks)

Utilities

  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Charleston Water Service, SCE & G
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Bus Line

Schools

  • Elementary School: Matilda Dunston
  • High School: North Charleston
  • Middle Or Junior School: Morningside

Lot Info

  • Lot Size Sq Ft: 9147.6
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity

Tax Info

  • Tax Map Number: 4731300144

Multi Family

  • Number Of Units Total: 6
  • Annual Gross Income: 42000
  • Property Net Operating Income: 31663
  • Annual Operating Expense: 10337

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/30/2018 03/30/18 Sold $295,000 +126.9% $102 / Sq Ft
05/19/2016 05/19/16 Sold $130,000 -5.5% $45 / Sq Ft
03/15/2016 03/15/16 Pending -- -- --
03/14/2016 03/14/16 For Sale $137,500 -- $47 / Sq Ft
Source: CHS Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Sam Little

    Seller's Agent in 2018

    Sam Little

    Beach Residential

    (843) 971-1312

    3 in this area

    62 Total Sales

    Section Image
  • Teresa Kennedy

    Seller's Agent in 2016

    Teresa Kennedy

    Capstone Realty

    (843) 830-3544

    12 Total Sales

    Section Image
  • Will Freeman

    Buyer's Agent in 2016

    Will Freeman

    Beach Residential

    (843) 270-5454

    1 in this area

    110 Total Sales

    Section Image
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Map

Source: CHS Regional MLS

MLS Number: 18003007

CHS Regional MLS

South Carolina Charleston County North Charleston 29406 Park Circle

5603 Dobson St, North Charleston, SC

This home is located at 5603 Dobson St, North Charleston, SC 29406 since 05 February 2018. This property was built in 1973. 5603 Dobson St is a home located in Charleston County with nearby schools including Matilda Dunston Elementary School, Morningside Middle, and North Charleston High.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

CHS Regional MLS The information is being provided by Charleston Trident MLS. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. © 2025 Charleston Trident MLS. All Rights Reserved

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