SOLD – 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 88% 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.

Lee Malchow

Office:

This property has sold.