Property Description
National Multifamily is pleased to present a 72-unit multifamily portfolio located in the inland section of Northeast South Carolina. The portfolio consists of two sites in Marion, SC. The properties offer investors a unique opportunity to invest in a stable, high-yield asset class within a growing market in the Southeast. With immediate cash flow, significant value-add potential, and strategic positioning, the portfolio offers a compelling proposition for investors looking to enhance and safeguard their real estate portfolio through a purchase in landlord friendly South Carolina.
The two properties are known as Southern Forest (40 units) and Greenwood Park (32 units). The properties are located just a few minutes on either side of the picturesque Downtown Marion.
Southern Forest
The apartments located at 2800 Plaza Court, Marion SC are comprised of 40 units (16-three bedroom and 1.5 bath and 24-two bedroom) in 5 two story vinyl sided walk-ups totaling 34,440 rentable SF and built in 1998. The tenants pay for heat, hot water, and A/C through individual electric systems and are individually metered for water. Each unit has hookups for a washer and dryer. The site totals 4.50 acres. In addition to the 40 apartments there is an on-site leasing office.
Greenwood Park
The apartments located at 1702-1708 Tubello Court, Marion SC are comprised of 32 units (8-three bedroom and 1.5 bath, 16-two bedroom, 8-one bedroom) in 4 two story brick & vinyl sided walk-ups totaling 28,800 rentable SF and built in 1989. The tenants pay for heat, hot water, and A/C through individual electric systems. Each unit has hookups for a washer and dryer. The site totals 4.07 acres.
