Multifamily
Chestnut Court Apartments
722 Douglas St, Camden, SC 29020
Listing Price: $1,400,000
Investment Overview
Marcus & Millichap is pleased to present Chestnut Court Apartments, located in Camden, South Carolina, just 30 miles from the state’s capital, Columbia.
The subject property consists of 30 units offering diversified mixes, including one-, two-, and three-bedroom types. Under current ownership, high occupancy has been maintained, with 9 of the units receiving updates such as fresh paint and necessary repairs upon turnover. Utility payments for this property are all paid directly by tenants.
New ownership has the opportunity to acquire a value-add property, with potential to increase Net Operating Income (NOI) by updating the remaining 21 units and raising rents to market rates.
Listing Price: $1,400,000
Investment Highlights
- Diverse Unit Mix
- Low Price per Unit Basis
- Value Add by Renovating and Increasing Rents to Market
Investment Overview
Marcus & Millichap is pleased to present Chestnut Court Apartments, located in Camden, South Carolina, just 30 miles from the state’s capital, Columbia. The subject property consists of 30 units offering diversified mixes, including one-, two-, and three-bedroom types. Under current ownership, high occupancy has been maintained, with 9 of the units receiving updates such as fresh paint and necessary repairs upon turnover. Utility payments for this property are all paid directly by tenants. New ownership has the opportunity to acquire a value-add property, with potential to increase Net Operating Income (NOI) by updating the remaining 21 units and raising rents to market rates.
