AUCTION: This Property will Be SOLD via Online Auction with Bids Due by Thursday, April 17th at 4:00pm Eastern Time. Suggested Opening Bid: $599,000 Bidding will open Thursday, April 3rd. -The Building Is OPEN and OPERATING and Accepting Applications From Residents for Fall Semester- THE RESERVE at USC SALKEHATCHIE is a Like New 34,900 SQ. FT, Three Story Luxury Student Housing Community Building with Elevator Built in 2014 on 1.76 Acres for $4,400,000. It is Located Adjacent to the Allendale campus. USC Salkehatchie Does Not Offer Housing Which Makes THE RESERVE a Great Investment Opportunity! The Building Consists of 27 Fully Furnished Suites with 101 Beds Divided Up Into: 24-1,141 Sq. Ft. Units Consisting of (4) Individual Bedrooms with Two (2) Bathrooms. 2-562 Sq. Ft. Units Consisting of Two (2) Individual Bedrooms with (1) Bathroom. 1-472 Sq. Ft. Unit Consisting of (1) Individual Bedroom and (1) Bathroom. Student Lounges/Study Rooms are Located on the Second and Third Floors. Inside the Lounges are Full Kitchens with Ranges and Refrigerators. A Perimeter Fence Controls Foot Traffic into the Property. Parking is Directly in Front of THE RESERVE and in an Adjacent Lot Leased from the College. An Extensive CCTV System Covers the Inside/Outside/Parking Lot Area. Located in the S.W. Corner of South Carolina, Allendale and its Small Town Environment (Population 2,694) is 1 ½ Hours from the Atlantic Ocean and the Beaches of Tybee Island, Hilton Head Island, Savannah, Charleston, Columbia and 1 Hour from Augusta, Georgia. USC Salkehatchie West Campus in Allendale is home to USC Salkehatchie’s Softball, Baseball and Soccer Teams. Quick Stats 2024-Enrollment: 778 Students, In-State Tuition: $3,579/Semester or $7,158/Year (not including fees), Out-State Tuition: $8,919/Semester or $17,838/Year (not including fees), Acceptance Rate 85%, Student:Teacher Ratio: 11:1, Minority Enrollment 48% (Source IPEDS) THE RESERVE AT USC SALKEHATCHIE Year Built: 2014 Total Units: 27 24: 1,141 Sq. Ft. 4 Bedroom, 2 Bath Units 2: 562 Sq. Ft. 2 Bedroom, 1 Bath Units 1: 472 Sq. Ft. 1 Bedroom, 1 Bath Unit Total Beds: 101 Total Square Feet: 34,900 Sq. Ft. Building Dimensions: 57’ x 248’ Total Acres: 1.676± Acre Elevator: Yes County: Allendale County Tax District: County (District 01C) 2024 Taxes: Tax Exempt Class Code: 506-Non-Profit Housing Authority Exemption Parcel ID: 105-07-01-008 Legal Information: Lot 5-11 Zoning: B-3, Highway Commercial Utilities: Water, Electric, Sewer, Natural Gas Parking: On Site, Leased Adjacent School Lot Telephone/Internet, Card Access, CCTV, Fire Alarm HVAC: Central A/C, Forced Air Heat COMMUNITY AMENITIES Private Access for Residents, Proximity to Campus, Ample Parking, Clubhouse-Style Amenities on Each Floor with Full Kitchens and Televisions, Wireless Internet Throughout, Multiple Areas for Gathering, Lounging and Studying, On-Site Staff for Security, Maintenance and Repairs. UNIT AMENITIES Unique Floor Plan Designs, On Site Laundry Facility, Access to Cable TV in Each Suite as Well as Each Bedroom, Each Suite has its Own Designated Telephone Number, Fully Equipped Kitchenettes with Refrigerators, Microwaves and Stainless Sinks, Furniture Provided (Including Bed, Desk, Desk Chair in Each Bedroom and Sofa, Chairs and Tables in Each Suite), Utilities Included: Water/Sewer, Electric, Cable and Internet, Telephone, Exterminating and Garbage. LEASING The Total Housing Expense for The Reserve at Salkehatchie is $3,375 Per Semester Due in Full Before the Student has Moved in. A Security Deposit of $675, Equal to 1/5 of the Semester Rent, is Required in Addition to a One Time Non-Refundable Application and Administration Fee of $150. All Students will be Allowed to Have Vehicles with Access to a Parking Lot in Front of the Building. The Reserve at Salkehatchie Rents Bedrooms for the Fall Semester (August - December) and the Spring Semester (January - May). A Full Semester's Rent is Payable in One Installment at the Beginning of Each Semester. Students May Sign a 5-Month Lease for the Fall Semester and/or a 5-Month Lease for the Spring Semester. The Reserve at Salkehatchie Covers the Cost of Utilities, Leaving Students Monthly Out of Pocket Expenses for Groceries and Other Personal Expenses Incurred as Needed. Fall Semester Occupancy: 48 Bedrooms Spring Semester Occupancy: 35 Bedrooms For Complete Bidding Information Please Request a BIDDERS KIT from the Auction Company. For Additional Leasing Information Please Visit: www.reserveatsalk.com For Additional USC Information Please Visit: USC Salkehatchie View over 600+ photos, drone video, virtual tour at: www.maascompanies.com website. 2% Broker Participation. REAL ESTATE TERMS: 10% Buyer Premium. Online Bidding Deadline is Thursday, April 17 at 4:00pm Eastern Time. Bids must be placed online by bid deadline. $5,000 Certified Funds are required to be in escrow prior to obtaining bidding privileges. A deposit equaling 20% due within 48 hours of bid acceptance, balance due at closing on or about Friday, May 16th 2025. The deposit of the high bidder shall become Earnest Money and is non-refundable. Earnest Money deposits of non-winning bidders will be returned immediately following the auction. Deposit funds are payable to: Hull Barrett, PC. Attorney Paul Simons, Jr. is overseeing the closing. Real Estate and Equipment is Selling AS-IS WHERE-IS, WITH NO WARRANTIES or GUARANTEES EXPRESSED OR IMPLIED. REAL ESTATE SELLING SUBJECT TO OWNER CONFIRMATION AND SUBJECT TO PRIOR SALE. In all transactions, auctioneer is acting as an Agent for the seller. All information received from reliable sources believed to be correct but not guaranteed by the auction company. Any announcement made during the auction process takes precedence over any material published about the event. See Bidders Kit for complete terms. Check back for updates