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Multifamily

Hemingway Apartments

1200 Hemingway Chapel Rd, Conway, SC 29527

Listing Price: $3,595,000

Cap Rate
5.72%
Number of Units
30
Occupancy
95.0%
Price/Unit
$119,833
Price/Gross SF
$43.44
Gross SF
82,764

Investment Overview

Marcus and Millichap is pleased to present Hemingway Apartments, a new 30-unit located in Conway, SC. The subject property consists of 30 two-bedroom and one-bathroom units across two buildings. A 12-unit building was completed in 2021 and an 18-unit building was completed in 2022, all on the same parcel. Conway is part of the Myrtle Beach metropolitan area. Hemingway apartments is also convenient to Downtown Conway, Coastal Carolina University, Horry-Georgetown Technical College, and Conway Medical Center. There are three shopping centers within 3.4 miles. Myrtle beach is just 16 miles away, providing miles of shoreline and family-friendly attractions.

Investment Highlights

  • New 2022 Build
  • Ability to Increase Rents to Market
  • Minimal Maintenance Responsibility
  • Located Near Myrtle Beach

Exclusively Listed By

Multifamily

Hemingway Apartments

Listing Price: $3,595,000

Cap Rate
5.72%
Number of Units
30
Occupancy
95.0%
Price/Unit
$119,833
Price/Gross SF
$43.44
Gross SF
82,764

Investment Highlights

  • New 2022 Build
  • Ability to Increase Rents to Market
  • Minimal Maintenance Responsibility
  • Located Near Myrtle Beach

Investment Overview

Marcus and Millichap is pleased to present Hemingway Apartments, a new 30-unit located in Conway, SC. The subject property consists of 30 two-bedroom and one-bathroom units across two buildings. A 12-unit building was completed in 2021 and an 18-unit building was completed in 2022, all on the same parcel. Conway is part of the Myrtle Beach metropolitan area. Hemingway apartments is also convenient to Downtown Conway, Coastal Carolina University, Horry-Georgetown Technical College, and Conway Medical Center. There are three shopping centers within 3.4 miles. Myrtle beach is just 16 miles away, providing miles of shoreline and family-friendly attractions.

Exclusively Listed By

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