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
Palmetto Place
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
