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Multifamily

Lakebrook Apartments

3101 Raccoon Rd, Manning, SC 29102

Listing Price: $1,600,000

Number of Units
40
GRM
3.99
Occupancy
27.0%
Price/Unit
$40,000

Investment Overview

Marcus and Millichap is pleased to present for sale Lakebrook Apartments in Manning, SC. Built in 1999, Lakebrook consists of 40 units on 5 acres with a unit mix of two-bed, one- bath and three-bed, two-bath apartments. The investment opportunity is to purchase an asset at well below replacement cost, upgrade the existing units, and realize stable cash flow in this low vacancy market. Manning, SC boast a market vacancy rate of less than two percent (2%) with zero units planned for construction, according to Costar.

Investment Highlights

  • Value Add Investment
  • Low Vacancy Market
  • Purchase Below Replacement Cost

Exclusively Listed By

Financing By

Multifamily

Lakebrook Apartments

Listing Price: $1,600,000

Number of Units
40
GRM
3.99
Occupancy
27.0%
Price/Unit
$40,000

Investment Highlights

  • Value Add Investment
  • Low Vacancy Market
  • Purchase Below Replacement Cost

Investment Overview

Marcus and Millichap is pleased to present for sale Lakebrook Apartments in Manning, SC. Built in 1999, Lakebrook consists of 40 units on 5 acres with a unit mix of two-bed, one- bath and three-bed, two-bath apartments. The investment opportunity is to purchase an asset at well below replacement cost, upgrade the existing units, and realize stable cash flow in this low vacancy market. Manning, SC boast a market vacancy rate of less than two percent (2%) with zero units planned for construction, according to Costar.

Exclusively Listed By

Financing By

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