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Details: Multifamily

Asking Price: $1,360,000

Square Feet: 16,080 SF

Asking Cap Rate: 7.10%

Year Built: 1993

NOI: $96,736

Willow Springs

136 Chalet N Blvd, North Augusta, SC 29841

  • 16-unit apartment complex in North Augusta, SC, that consists of 4 buildings
  • There is upside through operations and management as the property is currently 81% occupied
  • There is substantial room for income growth by converting to Section 8, allowing for a potential increase in rents by over 25%. This strategic move can significantly boost the buyer’s return on investment.
  • This property presents a unique opportunity for investors seeking a turnkey property with strong income potential.
  • Same 2 bedroom and 1.5-bathroom floorplan throughout property.
  • The units are in good condition, ensuring tenant satisfaction and minimal maintenance costs.
  • Washer and Dryer hookups in each unit
  • Situated in North Augusta, the property benefits from proximity to essential amenities and schools, enhancing its attractiveness to potential tenants
  • Rents in North Augusta have increased 2.2% in the past 12 months and are currently around $1,240/month. Roughly 260 units are under construction in the North Augusta multifamily submarket.

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