Charleston, SC, offers numerous lucrative real estate investment opportunities. You just need to know where to look.
If you’re struggling to find investment properties in Charleston, here’s a tip: look outside the city proper and explore properties in some of the area’s hottest suburbs. Areas like Park Circle are on the come-up and have attracted countless buyers in recent years.
Where To Search for Investment Properties in Charleston
Investing in real estate can provide an impressive ROI if you do it right. That is why more and more everyday people are turning to real estate investing to make extra cash or even replace their full-time jobs.
With this in mind, finding investment properties may not be as easy as it once was. The real estate market is fierce, and with the rise in Airbnb and rental properties, more buyers are scouring the market than ever before.
Finding investment properties in Charleston starts with knowing where to look. While you can certainly start by scouring Zillow and Realtor.com, it helps to work directly with a local real estate professional. They have access to special resources that allow them to find properties that meet your specific parameters.
If you can find a real estate agent who has experience with investment properties, they will act as an invaluable resource for you. They can provide insight on the best neighborhoods to invest in in Charleston and give you prime access to Charleston real estate investment opportunities.
The Three Best Areas To Find Charleston Investment Properties
Another tip for finding investment properties in Charleston is narrowing your search radius. The greater Charleston area is home to thousands of properties. If you’re looking for investment opportunities, consider zooming in on one of the following three areas.
Park Circle
Park Circle is often considered Charleston’s best-kept secret. This quaint, charming suburb of North Charleston is an attractive locale for investors looking for a steady stream of rental income.
Park Circle is located just under 10 miles northwest of downtown Charleston but offers the atmosphere of a much smaller community. The area is walkable, with a wide range of restaurants and shops that residents can easily access on foot. It also features a historic appeal that sets it apart from other North Charleston suburbs.
Park Circle properties tend to be relatively affordable compared to those in downtown Charleston. Because the community tends to be on the younger side, rental properties are popular in this area, and new townhouse communities are being built each year that serve this purpose perfectly.
This area is also home to a variety of property types, including single-family homes, multifamily properties, commercial spaces, condominiums, and more. Altogether, Park Circle offers excellent investment potential.
Mount Pleasant
As one of the largest towns in Charleston, Mount Pleasant has much to offer in the way of investment potential. The town’s population doubled between 1990 and 2000 and now sits at just under 100,000.
Mount Pleasant is a desirable location due to its strong job market, well-maintained neighborhoods, excellent school district, and proximity to the ocean. It’s about a 15-minute drive from downtown Charleston, making it an easy commute for those who work in the city.
Because Mount Pleasant is such a sought-after area, property prices tend to be relatively high, averaging about $600,000. The advantage of high prices is that you can charge higher rental costs, which can prove lucrative if you manage to score an undervalued property.
Summerville
Summerville is a slightly smaller suburb situated right along I-26, making it a good location for those who commute to the city or prefer easy access to hospitals, shops, and restaurants. This suburb is a popular spot for investment properties; as many as 38% of the residential properties in the area are rentals. Turning another property into a rental certainly won’t look out of place.
Summerville embodies the suburban, family-friendly atmosphere that many families seek when searching outside the city for a place to call home. It also has an excellent school district. With these factors in mind, you may look for investment properties large enough to house families rather than couples.
Let Me Help You Navigate the Rental Property Market in Charleston, SC
If you’re looking to break into real estate investments, having an experienced real estate professional on your side can make all the difference. I’m Troy Gandee, a real estate agent and investor helping buyers find their perfect properties across Park Circle and the greater tri-county area. Give me a call today at 843-817-4431 or fill out my online form to connect with me and learn how to find investment properties in Charleston.
