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Multifamily

Palmetto Place

1600 Columbia Rd, Orangeburg, SC 29115

Listing Price: Request For Offer

Number of Units
52
Gross SF
43,350

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

Multifamily

Palmetto Place

Listing Price: Request For Offer

Number of Units
52
Gross SF
43,350

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

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