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Multifamily

The Reserve at Britton Park

3101 Raccoon Rd, Manning, SC 29102

Listing Price: Request For Offer

Occupancy
95.0%

Investment Overview

Marcus and Millichap is pleased to present for sale Reserve at Britton park, a 41-unit asset located in Manning, SC. The property, built in 1999, sits on 4.8 acres, offers spacious two-bedroom/one-bathroom and three-bedroom/two-bathroom apartment homes. Each unit features walk-in closets, fully appointed kitchens with energy-efficient appliances, and in-unit washers and dryers connections. The asset recently underwent substantial capital improvements which lead quickly to 100% occupancy proving high demand in the market. The local apartment market maintains an average occupancy rate of 98 percent, with no planned new construction which is favorable for existing inventory and future cash flow.

Investment Highlights

  • Excellent Condition - new roof, parking lot, and interiors.
  • Asset is 100% Occupied - market occupancy is 98% with limited new supply.
  • Units are Individually Metered for Water and Electric - lower operating cost.
  • $82 million in recent employer expansion.

Exclusively Listed By

Financing By

Multifamily

The Reserve at Britton Park

Investment Highlights

  • Excellent Condition - new roof, parking lot, and interiors.
  • Asset is 100% Occupied - market occupancy is 98% with limited new supply.
  • Units are Individually Metered for Water and Electric - lower operating cost.
  • $82 million in recent employer expansion.

Investment Overview

Marcus and Millichap is pleased to present for sale Reserve at Britton park, a 41-unit asset located in Manning, SC. The property, built in 1999, sits on 4.8 acres, offers spacious two-bedroom/one-bathroom and three-bedroom/two-bathroom apartment homes. Each unit features walk-in closets, fully appointed kitchens with energy-efficient appliances, and in-unit washers and dryers connections. The asset recently underwent substantial capital improvements which lead quickly to 100% occupancy proving high demand in the market. The local apartment market maintains an average occupancy rate of 98 percent, with no planned new construction which is favorable for existing inventory and future cash flow.

Exclusively Listed By

Financing By

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