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Multifamily

Camden, SC Portfolio

1701 Broad St, Camden, SC 29020

Listing Price: $1,800,000

Cap Rate
6.44%
Number of Units
20
GRM
6.88
Occupancy
90.0%
Price/Unit
$90,000
Price/Gross SF
$155.17
Gross SF
11,600

Investment Overview

Marcus & Millichap is pleased to present the sale of a multi-family portfolio in Camden, South Carolina. The properties currently benefit from tenants covering electric costs, minimizing operating expenses for the owner while ensuring a reliable financial foundation. Additionally, the properties present a significant value-add opportunity through renovations that would allow new ownership to increase rents to market rates. Implementing a water and sewer bill-back system further enhances profitability potential, making this a highly attractive investment.

Camden, with a population of over 8,000 residents and continuing to grow, is South Carolina's oldest inland city and serves as the county seat of Kershaw County. Located approximately 30 miles northeast of Columbia, the state capital, Camden offers a small-town atmosphere with convenient access to regional and national markets. Interstate 20 connects Camden directly to Columbia, Augusta, and Charleston, enhancing its strategic location. The city’s economy is supported by diverse industries, including manufacturing, healthcare, retail, agriculture, and tourism, ensuring stability and growth. Affordable and mid-market rental units are in high demand, particularly among employees in these sectors. Major employers such as Haier America, with its significant production facility in Kershaw County, and INVISTA, a leading producer of polymers and fibers, create jobs and attract workers who seek modern, accessible rental housing. KershawHealth, one of the region’s largest employers, supports consistent housing demand for healthcare professionals, including nurses, doctors, and administrative staff. Camden’s tourism sector also supports the local economy. Known as the "Steeplechase Capital of the World," the city hosts equestrian events that generate employment in hospitality and event management, further driving demand for rental properties.

Investment Highlights

  • Multi-Family Portfolio with Value-Add Potential Through Renovations and Rent Increases to Market Rates
  • Located 30 Miles Northeast of Columbia with Access via I-20 to Augusta and Charleston
  • Tenants Cover Electric Costs, Minimizing Operating Expenses and Providing a Reliable Financial Foundation
  • Key Employers Drive Housing Demand for Workforce and Professionals
  • Status as the "Steeplechase Capital of the World" Supports Tourism and Boosts Hospitality Employment Opportunities

Exclusively Listed By

Financing By

Multifamily

Camden, SC Portfolio

Listing Price: $1,800,000

Cap Rate
6.44%
Number of Units
20
GRM
6.88
Occupancy
90.0%
Price/Unit
$90,000
Price/Gross SF
$155.17
Gross SF
11,600

Investment Highlights

  • Multi-Family Portfolio with Value-Add Potential Through Renovations and Rent Increases to Market Rates
  • Located 30 Miles Northeast of Columbia with Access via I-20 to Augusta and Charleston
  • Tenants Cover Electric Costs, Minimizing Operating Expenses and Providing a Reliable Financial Foundation
  • Key Employers Drive Housing Demand for Workforce and Professionals
  • Status as the "Steeplechase Capital of the World" Supports Tourism and Boosts Hospitality Employment Opportunities

Investment Overview

Marcus & Millichap is pleased to present the sale of a multi-family portfolio in Camden, South Carolina. The properties currently benefit from tenants covering electric costs, minimizing operating expenses for the owner while ensuring a reliable financial foundation. Additionally, the properties present a significant value-add opportunity through renovations that would allow new ownership to increase rents to market rates. Implementing a water and sewer bill-back system further enhances profitability potential, making this a highly attractive investment. Camden, with a population of over 8,000 residents and continuing to grow, is South Carolina's oldest inland city and serves as the county seat of Kershaw County. Located approximately 30 miles northeast of Columbia, the state capital, Camden offers a small-town atmosphere with convenient access to regional and national markets. Interstate 20 connects Camden directly to Columbia, Augusta, and Charleston, enhancing its strategic location. The city’s economy is supported by diverse industries, including manufacturing, healthcare, retail, agriculture, and tourism, ensuring stability and growth. Affordable and mid-market rental units are in high demand, particularly among employees in these sectors. Major employers such as Haier America, with its significant production facility in Kershaw County, and INVISTA, a leading producer of polymers and fibers, create jobs and attract workers who seek modern, accessible rental housing. KershawHealth, one of the region’s largest employers, supports consistent housing demand for healthcare professionals, including nurses, doctors, and administrative staff. Camden’s tourism sector also supports the local economy. Known as the "Steeplechase Capital of the World," the city hosts equestrian events that generate employment in hospitality and event management, further driving demand for rental properties.

Exclusively Listed By

Financing By

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