237 Broad St - Apartments FOR SALE


Sumter, SC 29150
$1,400,000 USD
803-569-5480
237 Broad St, Sumter, SC for Sale
$1,400,000 USD
Apartments - FOR SALE
1/37
null | 8.54% Cap Rate

237 Broad St
Sumter, SC 29150


HIGHLIGHTS

  • Low Vacancy
  • Located On Major Sumter Thoroughfare
  • 80% Updated Interiors
  • All 2BR/1BA Unit Mix
  • Near Shaw AFB & Major Employers

OVERVIEW

16-Unit Multifamily Investment Opportunity in the heart of Sumter, SC! This property consists of two buildings for a combined total of 16 identical two-bedroom, one-bathroom apartment units. The property provides an attractive opportunity for investors seeking stable cash flow with guaranteed rents from Section 8 and low vacancy. Convenient access to major retailers, roadways, the hospital, bus stop, and a short distance from Shaw AFB enhances long-term desirability in the Sumter rental market. Features: • Each unit is appx. 835 SF • All Brick Buildings • 80% of the electric panels have been updated with the last year • 80% of the appliances and dual window units have been updated within the last year • Transferrable active termite bond • 16 Two Bed | 1 Bath Units • Built in storage and large closets

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$105 USD /SF

# OF UNITS

16

PRICE/UNIT

$87,500

CAP RATE

8.54%

% LEASED

88%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Broad Street Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

PARKING SPACES

12

LAND DETAILS

LAND ACRES

1.4 AC

LAND SF

61,107 SF

ZONING

-

APN/PARCEL ID

228-03-04-005

ASK ABOUT THIS PROPERTY

Mary TwittyAVS Realty LLCMore Info
803-569-5480

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Mary TwittyAVS Realty LLCMore Info
803-569-5480

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