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Multifamily

Mercy Circle

118 Garr Ln, Hardeeville, SC 29927

Listing Price: $3,300,000

Cap Rate
5.90%
Number of Units
42
Price/Unit
$78,571
Price/Gross SF
$91.67
Gross SF
36,000

Investment Overview

Marcus and Millichap is pleased to present Mercy Circle Apartments located in Hardeeville, SC. The subject property consists of 42 Units located on Interstate 95, less than 20 miles from Bluffton/Hilton Head SC, and Savannah GA. Built in 1982, the property has diverse unit mix of 18 One Bedroom, 16 Two Bedroom, and 8 Three Bedroom units. The property was renovated in 2015-2017 with new roofs, windows, sidings, kitchens, and bathrooms by current ownership. Currently Tenants pay for electric and ownership pays for water, sewer, and trash.

Investment Highlights

  • Ability to Increase Rents to Market
  • Located off I-95, 15 Miles from Savannah GA & Bluffton/Hilton Head SC
  • Diverse Unit Mix in High Demand in Market due to Low Inventory of Housing

Exclusively Listed By

Multifamily

Mercy Circle

Listing Price: $3,300,000

Cap Rate
5.90%
Number of Units
42
Price/Unit
$78,571
Price/Gross SF
$91.67
Gross SF
36,000

Investment Highlights

  • Ability to Increase Rents to Market
  • Located off I-95, 15 Miles from Savannah GA & Bluffton/Hilton Head SC
  • Diverse Unit Mix in High Demand in Market due to Low Inventory of Housing

Investment Overview

Marcus and Millichap is pleased to present Mercy Circle Apartments located in Hardeeville, SC. The subject property consists of 42 Units located on Interstate 95, less than 20 miles from Bluffton/Hilton Head SC, and Savannah GA. Built in 1982, the property has diverse unit mix of 18 One Bedroom, 16 Two Bedroom, and 8 Three Bedroom units. The property was renovated in 2015-2017 with new roofs, windows, sidings, kitchens, and bathrooms by current ownership. Currently Tenants pay for electric and ownership pays for water, sewer, and trash.

Exclusively Listed By

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