910-986-1767
191-199 Charter Dr, Longs, SC for Sale
Apartments - FOR SALE
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191-199 Charter Dr
Longs, SC 29568


HIGHLIGHTS

  • New construction delivered in 2023 offers modern finishes and minimal near-term capital expenditure requirements.
  • All two-bedroom unit mix provides an efficient and highly desirable layout for workforce housing demand.
  • Located in Longs, SC with close proximity to Myrtle Beach, a major employment and tourism hub.
  • Positioned within the growing Grand Strand region benefiting from strong population and economic trends.
  • Suburban location offers relative affordability compared to coastal markets while maintaining accessibility.
  • Turnkey investment opportunity with stable in-place operations and consistent rental demand.

OVERVIEW

Marcus & Millichap is pleased to present Colonial Garden Apartments, a newly constructed 24-unit multifamily community located in Longs, South Carolina. Built in 2023 and situated on approximately 0.89 acres, the property consists exclusively of spacious two-bedroom units, offering a highly desirable and efficient unit mix tailored to workforce housing demand. As a recently delivered asset, Colonial Garden Apartments provides investors with a true turnkey opportunity featuring modern construction, minimal deferred maintenance, and strong in-place fundamentals, positioning the asset for stable cash flow and reduced capital expenditure requirements over the near and long term. Colonial Garden Apartments benefits from its strategic location within the rapidly expanding Grand Strand region, just a short drive from Myrtle Beach, one of the Southeast’s premier coastal destinations. The Myrtle Beach metropolitan area continues to experience steady population and employment growth, supported by a diverse economic base anchored by tourism, healthcare, retail, and service industries. Longs has emerged as an attractive residential alternative due to its relative affordability and proximity to the coast, offering residents convenient access to employment centers, retail amenities, and lifestyle drivers while maintaining a suburban environment. Continued in-migration and home price appreciation across the region further reinforce rental demand, creating a favorable backdrop for sustained occupancy and rental growth.

FOR SALE DETAILS

PRICE

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# OF UNITS

24

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Colonial Garden Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2023

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.89 AC

LAND SF

38,768 SF

ZONING

-

APN/PARCEL ID

30412040013,30412040016,30412040022,30412040024,30412040025,30412040029

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.