3101 Raccoon Rd - Apartments FOR SALE


Manning, SC 29102
$3,995,000 USD
803-678-4921
3101 Raccoon Rd, Manning, SC for Sale
$3,995,000 USD
Apartments - FOR SALE
1/4
null | Request Cap Rate

3101 Raccoon Rd
Manning, SC 29102


HIGHLIGHTS

  • Attractive assumable loan in-place
  • Recently renovated asset - new roofs, parking lot, and interiors
  • Strong cash-flow opportunity in a supply-constrained market

OVERVIEW

Marcus & Millichap is pleased to present the exclusive offering of The Reserve at Britton Park, a 41-unit multifamily community located in Manning, South Carolina. Built in 1999 and situated on 4.8 acres, the property offers strong in-place cash flow in a supply-constrained, growth market. The asset is in excellent physical condition following recent capital improvements, including: • Fully renovated interiors • New roofs throughout • Resurfaced parking lot • Conversion of former leasing office into a fully rentable one-bedroom unit Clarendon County is benefiting from a wave of economic development, with more than $300 million in recent announcements and significant employer expansions. Most notably, Homanit and 84 Lumber have announced a combined 378 new jobs in Clarendon County, just minutes from the property—further reinforcing the market’s long-term strength and rent growth potential. This offering represents a rare opportunity to acquire a stabilized, upgraded asset with upside in a rapidly improving submarket.

FOR SALE DETAILS

PRICE

$3,995,000 USD

PRICE/SF

$114 USD /SF

# OF UNITS

41

PRICE/UNIT

$97,439

CAP RATE

Request Cap Rate

% LEASED

98%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1999

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5 AC

LAND SF

217,800 SF

ZONING

-

APN/PARCEL ID

138-00-03-013-00

ASK ABOUT THIS PROPERTY

Drew BabcockMarcus & MillichapMore Info
803-678-4921

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Drew BabcockMarcus & MillichapMore Info
803-678-4921

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