825 Tomlinson St - Apartments FOR SALE
Kingstree, SC 29556 |
$3,050,000 USD
404-445-1090
825 Tomlinson St
Kingstree, SC 29556
HIGHLIGHTS
- All 48 units recently renovated – completed January 2025, including new roofs and HVAC
- 48-unit workforce housing community approximately 94% occupied
- Current average rent of approximately $832 per month across diverse unit mix
- 8.75% in-place cap rate; 9.12% stabilized cap rate at $3,050,000 list price
- All 7 buildings received a new roof in the past year with all new HVAC units
- Limited new multifamily supply supports continued demand for workforce rental housing
FOR SALE DETAILS
PRICE
$3,050,000 USD
PRICE/SF
$72 USD /SF
# OF UNITS
48
PRICE/UNIT
$63,542
CAP RATE
8.75%
% LEASED
94%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Hampton Place Apartments
PROPERTY TYPE
Multi-Family
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1970
PARKING SPACES
72
LAND DETAILS
LAND ACRES
4 AC
LAND SF
174,240 SF
ZONING
-
APN/PARCEL ID
11-037-212
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404-445-1090
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404-445-1090
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