Property

SUMMERFIELD provides an opportunity to purchase a value-add townhomecomplex in one of the fastest growing markets in the Southeast. Significantrent growth can be easily achieved following the upward trend of thesurrounding apartments in the area. Over the past two years, roughly 70 of units have been renovated. The layouts are very desirable: all aretownhome style with 2 bedroom, 1.5 baths, w/d hook ups, dishwashers,central HVAC, and all 20 units feature new private back patio sliding doors.The property would give an investor the opportunity to push rents to market,take advantage of the high market rent growth (roughly 8-10 rent growthannually), and own a multifamily asset in one of the strongest MSA''s in SC.Most 1980s townhome products in Summerville Market is pushing $1400today. There is also the opportunity to implement utility bill back as well.

Price History

$0 -> $3,050,000 on 06/26/2323