Marcus & Millichap is pleased to present Red Rose Apartments, a 32-unit multifamily community located in Lancaster, South Carolina. The property is comprised entirely of two-bedroom, one-bathroom floorplans, delivering a uniform unit mix and consistent operating profile. All 32 units have been updated: 25 cosmetically upgraded and 7 fully renovated with modernized kitchens, updated appliances, and new flooring. An additional $275,000 has been invested in capital improvements, including crawl space work, electrical and plumbing updates, and minor roof repairs, with the roof approximately 15 years old and in good condition. Half the units feature central HVAC while the remaining 16 utilize window units and baseboard heat, replaced as needed. Red Rose presents a stabilized asset with meaningful rent growth already achieved and further upside through bringing rents to market, water utility billback implementation on the remaining 16 units, potential tax abatement, and flood zone reassessment that could reduce insurance costs. Lancaster, South Carolina sits approximately 40 miles south of Charlotte within the Charlotte-Concord-Gastonia MSA, one of the fastest-growing metros in the Southeast, with Lancaster County ranking among the Charlotte Region’s fastest-growing counties. The Lancaster County economy is anchored by major corporate presences including Nutramax Laboratories, Continental Tire of the Americas, Movement Mortgage, Red Ventures, and Founders Federal Credit Union, supporting steady rental demand and continued rooftop growth.