Marcus & Millichap is pleased to present Bluffton Village, a 24-unit multifamily condominium portfolio located in the heart of Bluffton, South Carolina. Built in 2007, this portfolio consists of eight studio apartments, eight 1- bedroom, 1.5-bath units, and eight 3-bedroom, 2.5-bath units. The unit mix provides a balanced offering for tenants, appealing to a wide range of renters, from young professionals to small families. The property's coastal design and diverse floor plans make it a strong contender in the local rental market.
Bluffton is a rapidly growing town situated just minutes from Hilton Head Island and a short drive from Savannah, Georgia. Its population has surged in recent years due to its appeal as a charming, historic town with modern amenities and proximity to beautiful coastal attractions. The local economy is bolstered by tourism, retail, and a burgeoning real estate market, driven by the influx of residents seeking a quieter lifestyle while still enjoying access to regional employment centers.
The local rental market is competitive, with a high demand forquality units. Bluffton Village benefits from its prime location near retail hubs, restaurants, and top-rated schools, which enhances its tenant retention and consistent rental income. Investors will appreciate the stability of this asset, with solid occupancy rates and potential for rental growth in a market with low vacancy rates. Bluffton’s strong real estate fundamentals, coupled with its continued population growth, make this an attractive opportunity for both value-add and long-term hold strategies.