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$1,400,000
2602428 MLS
Greystone Apartments presents an opportunity to acquire a 30-unit multifamily community comprised of 15 duplex buildings in Cheraw, South Carolina. The property consists primarily of 2-bedroom, 1-bathroom units, with five 3-bedroom units and three 1-bedroom, 1-bathroom units. Most units are approximately 800 square feet. Current ownership has implemented rent increases and completed select improvements, including updates to plumbing, appliances, and cabinetry in various units. With the property being self-managed by an out-of-town owner, a significant Value-Add Opportunity exists for an investor to further improve operations, increase efficiencies, reduce vacancy loss, and maximize rental income through professional local management. At 100% occupancy, the property generates projected annual gross rental income of approximately $257,700. The unit mix, manageable building configuration, and continued upside potential make Greystone Apartments an attractive investment for buyers seeking stable cash flow with opportunities for future growth. Conveniently located in Cheraw, SC, this multifamily asset offers investors the chance to acquire a sizable apartment community in a growing rental market with proven demand for affordable workforce housing.

104 Raley St, Cheraw

Listing courtesy of Listing Agent: Jonathan C Lee () from Listing Office: Choice Realty, Inc..
$849,000
20254705 MLS
NOI just increased another $6000 with rent increases, now offered at over a 10% Cap Rate. Lakeshore Arms Apartments is a well-maintained, income-producing multifamily property consisting of one building with 8 fully furnished and equipped 1-bedroom/1-bath units. The sale includes all FF&E and personal property necessary for a true turnkey short-term or flexible-term rental operation, including appliances, beds, flat-screen TVs, furnishings, linens, décor, kitchenware, and smallwares. This proven revenue producer generates over $134,000 in gross annual income. Additional financial and operational details available upon request. The property offers room to increase rents by an estimated 20-30%. This investment is ideal for both new and seasoned investors and a great way to get into the lucrative short-term rental investment business. Owner is a licensed real estate agent. The property has historically attracted a strong, diverse, and repeat tenant base. Lakeshore Arms is located in a quiet, highly coveted Prestwood neighborhood, directly across from Prestwood Lake, adjacent to a well-recognized Montessori school, and just 2 minutes drive from Hartsville’s thriving downtown with restaurants and shopping. With very limited short-term rental inventory in Hartsville where most rentals are unfurnished and leased on one-year terms, this furnished, flexible-term property is uniquely positioned to capture unmet demand and deliver strong, reliable income. ****UPDATE****: New rents are at $1550 and $1700. Plug $1650 into your Proformas.

913 Prestwood Dr, Hartsville

Listing courtesy of Listing Agent: Jonathan C Lee () from Listing Office: Choice Realty, Inc..

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