This is a townhome portfolio in North Augusta, SC, that consist of three separate properties.
Additionally, there is an opportunity to develop 42 units at the Summerhill location. The Summerhill location has stunning views that overlook North Augusta and downtown Augusta.
Stunning 25 mile plus views that overlook downtown Augusta
Summerhill is primed to develop an additional 42 units, allowing investors to boost NOI by over $500,000 a year
The townhomes have shown tremendous organic rent growth in recent months. Even without a development play, investors can expect this trend to continue as most of the units have been upgraded in the past two years.
Renovated over the past two years, these townhomes offer investors the opportunity to invest a high-quality asset far below replacement cost.
Recent leases at Summerhill have been signed at $1,440, which $75-$100 more than most of the current rents