825 Tomlinson St - Apartments FOR SALE
Kingstree, SC 29556 |
$3,300,000 USD
754-258-5750
825 Tomlinson St
Kingstree, SC 29556
HIGHLIGHTS
- Value-Add Opportunity Through an Organic Rental Increase Will Immediately Increase Net Operating Income Providing New Ownership a Stable Asset
- $1.5 Million in Capital Improvements Over the Last 3 Years Including Interior Improvements, Exterior Improvements, New Paint, Replacement of HVACs
- Exceptional Assumable Loan That Expires in 2033 With a Fixed Rate of 6.02% and 38 Months Remaining of Interest-Only Period
- Minimal Deferred Maintenance Providing New Ownership a Well Maintained Asset
- Favorable Unit Mix For All Tenant Profiles Consisting of 1, 2, 3, and 4 Bedroom Units
- Rents Can Be Raised Organically By an Average of Nearly $150/Unit Based on Nearby Comparable Properties
FOR SALE DETAILS
PRICE
$3,300,000 USD
PRICE/SF
$78 USD /SF
# OF UNITS
48
PRICE/UNIT
$68,750
CAP RATE
Request Cap Rate
% LEASED
92%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Hampton Place Apartments - Kingstree, SC
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Garden
PROPERTY SUBTYPE
Apartments
ADD'L SUBTYPES
Manufactured Housing/Mobile Housing, Dormitory
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1970
PARKING SPACES
72
LAND DETAILS
LAND ACRES
4 AC
LAND SF
174,240 SF
ZONING
-
APN/PARCEL ID
11-037-212
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754-258-5750
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754-258-5750
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