Description
Summerfield provides an opportunity to purchase a value-add apartment complex in one of the fastest growing markets in the Southeast. Significant rent growth can be easily achieved following the upward trend of the surrounding apartments in the area. Over the last year, roughly 70% of units have been renovated. The layouts are very desirable: all are townhome style with 2 bedroom, 1.5 baths, w/d hook ups, dishwashers, central hvac, and back patios. The property would give an investor the opportunity to push rents to market, take advantage of the high market rent growth (roughly 8% annually), and own a multifamily asset in one of the strongest MSAs in SC.
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Summerfield provides an opportunity to purchase a value-add apartment complex in one of the fastest growing markets in the Southeast. Significant rent growth can be easily achieved following the upward trend of the surrounding apartments in the area. Over the last year, roughly 70% of units have been renovated. The layouts are very desirable: all are townhome style with 2 bedroom, 1.5 baths, w/d hook ups, dishwashers, central hvac, and back patios. The property would give an investor the opportunity to push rents to market, take advantage of the high market rent growth (roughly 8% annually), and own a multifamily asset in one of the strongest MSAs in SC.