1200 Hemingway Chapel Rd - Apartments FOR SALE


Conway, SC 29527
$4,500,000 USD
910-986-1767
1200 Hemingway Chapel Rd, Conway, SC for Sale
$4,500,000 USD
Apartments - FOR SALE
1/7
null | 7.27% Cap Rate

1200 Hemingway Chapel Rd
Conway, SC 29527


HIGHLIGHTS

  • Modern Construction Advantage: Newly built in 2022, offering updated infrastructure and a fresh living environment.
  • Convenient Coastal Access: Proximity to Myrtle Beach provides residents with easy access to beaches and entertainment.
  • Educational Hub: Close to Coastal Carolina University and Horry-Georgetown Technical College, attracting a diverse tenant base.
  • Investor Growth Potential: Positioned in a dynamic area with rising demand, offering opportunities for long-term value.
  • Thoughtful Layout Design: Well-planned apartments enhance functionality and appeal for residents.
  • Vibrant Regional Appeal: Benefits from the growing popularity of the Conway and Myrtle Beach area.

OVERVIEW

Marcus & Millichap is pleased to present Hemingway Apartments, a distinguished 30-unit multifamily property located in Conway, South Carolina. Built in 2022, this modern community seamlessly blends contemporary design with the vibrant coastal lifestyle. Featuring exclusively two-bedroom, one-bathroom apartments, the property offers residents a comfortable living experience with a focus on practical amenities and a welcoming atmosphere. Its strategic location provides convenient access to nearby educational institutions such as Coastal Carolina University and Horry-Georgetown Technical College, as well as the charming downtown Conway area, making it an ideal choice for a diverse range of renters. Hemingway Apartments benefits from its prime location, just a short drive from the bustling attractions of Myrtle Beach, including pristine beaches and a variety of entertainment options. The property’s thoughtful design and proximity to key amenities enhance its appeal, offering a serene yet connected living environment. With its recent construction and elegant appeal, Hemingway Apartments stands as a promising opportunity for investors looking to capitalize on the growing demand in this dynamic region, supported by the area’s increasing popularity and coastal charm.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$163 USD /SF

# OF UNITS

30

PRICE/UNIT

$150,000

CAP RATE

7.27%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hemingway Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2022

PARKING SPACES

52

LAND DETAILS

LAND ACRES

2.07 AC

LAND SF

90,169 SF

ZONING

-

APN/PARCEL ID

36912010005

ASK ABOUT THIS PROPERTY

Ryan LipomiMarcus & MillichapMore Info
910-986-1767

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Ryan LipomiMarcus & MillichapMore Info
910-986-1767

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.