Multifamily
Palmetto Place
1600 Columbia Rd, Orangeburg, SC 29115
Listing Price: Request For Offer
Investment Overview
Marcus & Millichap is pleased to present Palmetto Place Apartments located in Orangeburg, South Carolina. Palmetto Place Apartments is a 52 Unit community situated on +/- 5 acres, across from the Orangeburg Mall and many other major retailers. The community was constructed in 1983 and was renovated by current ownership in 2016-2018. Renovations were approximately ~$15k per unit, this includes new HVACs, new Water Heaters, Bathroom upgrades and Kichten upgrades. The property has on-site office and coin Laundry Mat that is outsourced to a third party. Ownership is responsible for Water and Tenants are responsible for all other utilities. New ownership has the opportunity to stabilize rents and complete exterior renovations
Investment Highlights
- Ability to Increase Rents
- Consistent High Occupancy
- Market with limited housing
- Value Add Potential Through Exterior Renovations
- Adjacent to Orangeburg's Major Retail Corridor
- Central Location Between Columbia and Charleston with Easy Access to I-26
- Extensive Capital Improvements Made in the Past 5 Years (Interiors Renovated and Most HVAC Systems Replaced)
Exclusively Listed By
Investment Highlights
- Ability to Increase Rents
- Consistent High Occupancy
- Market with limited housing
- Value Add Potential Through Exterior Renovations
- Adjacent to Orangeburg's Major Retail Corridor
- Central Location Between Columbia and Charleston with Easy Access to I-26
- Extensive Capital Improvements Made in the Past 5 Years (Interiors Renovated and Most HVAC Systems Replaced)
Investment Overview
Marcus & Millichap is pleased to present Palmetto Place Apartments located in Orangeburg, South Carolina. Palmetto Place Apartments is a 52 Unit community situated on +/- 5 acres, across from the Orangeburg Mall and many other major retailers. The community was constructed in 1983 and was renovated by current ownership in 2016-2018. Renovations were approximately ~$15k per unit, this includes new HVACs, new Water Heaters, Bathroom upgrades and Kichten upgrades. The property has on-site office and coin Laundry Mat that is outsourced to a third party. Ownership is responsible for Water and Tenants are responsible for all other utilities. New ownership has the opportunity to stabilize rents and complete exterior renovations
Exclusively Listed By

