This 6-bed, 2-bath property at $39K is significantly undervalued compared to the $245K+ median in Charleston, but that's because it needs substantial work. The basement apartment requires renovation, and at 65 years old, the home likely has deferred maintenance issues. However, Charleston's market is heating up with 18.7% price growth and strong buyer demand, creating genuine flip potential if you can execute renovations efficiently.
This property works best as a value-add flip targeting the growing Charleston market. Focus on finishing the basement apartment to unlock the full 6-bed appeal—comps show similar properties selling around $245K. With a $39K purchase price, even $30-40K in strategic renovations positions you well for a solid 100%+ ROI. The tight inventory (2.1 months supply) and 28-day average sale time mean quick exits are realistic.