43 Birnie Cir - Apartments FOR SALE


Sumter, SC 29150
$3,100,000 USD
843-460-7354
43 Birnie Cir, Sumter, SC for Sale
$3,100,000 USD
Apartments - FOR SALE
1/1
null | Request Cap Rate

43 Birnie Cir
Sumter, SC 29150


HIGHLIGHTS

  • Renovating unit interiors and bringing all rents to levels in line with the rest of the market will increase GPR by 16.14%
  • An investment of $6,000 per unit to improve unit interiors yields a total ROI of 15%
  • Unit renovations offers opportunity for all white appliances, new cabinetry, new countertops, and modern hardware

OVERVIEW

• Lift Homes offers the next investor an incredible basis play well below replacement cost in a growing market fueled by the growth of large employers like Shaw Airforce Base and Palmetto Healthcare • Significant capital improvements have already been made; including but not limited to: new flooring, cabinetry and appliance replacements in almost all of the units • At just $521/unit on in-place rents, Lift Homes offers the next investor considerable room to grow rents up to meet and exceed market comparables

FOR SALE DETAILS

PRICE

$3,100,000 USD

PRICE/SF

$67 USD /SF

# OF UNITS

72

PRICE/UNIT

$43,056

CAP RATE

Request Cap Rate

% LEASED

99%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lift Homes Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

8.7 AC

LAND SF

378,972 SF

ZONING

RMF

APN/PARCEL ID

227-03-02-005

ASK ABOUT THIS PROPERTY

Kay HillNAI Earle Furman LLCMore Info
843-460-7354

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Kay HillNAI Earle Furman LLCMore Info
843-460-7354

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.