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Multifamily

Hemingway Apartments

1204 Hemingway Chapel Rd, Conway, SC 29527

Listing Price: $4,500,000

Cap Rate
7.27%
Number of Units
30
GRM
9.43
Occupancy
100.0%
Price/Unit
$150,000
Price/Gross SF
$272.73
Gross SF
16,500

Investment Overview

Marcus & Millichap is pleased to present Hemingway Apartments, a distinguished 30-unit multifamily property located in Conway, South Carolina. Built in 2022, this modern community seamlessly blends contemporary design with the vibrant coastal lifestyle. Featuring exclusively two-bedroom, one-bathroom apartments, the property offers residents a comfortable living experience with a focus on practical amenities and a welcoming atmosphere. Its strategic location provides convenient access to nearby educational institutions such as Coastal Carolina University and Horry-Georgetown Technical College, as well as the charming downtown Conway area, making it an ideal choice for a diverse range of renters.

Hemingway Apartments benefits from its prime location, just a short drive from the bustling attractions of Myrtle Beach, including pristine beaches and a variety of entertainment options. The property’s thoughtful design and proximity to key amenities enhance its appeal, offering a serene yet connected living environment. With its recent construction and elegant appeal, Hemingway Apartments stands as a promising opportunity for investors looking to capitalize on the growing demand in this dynamic region, supported by the area’s increasing popularity and coastal charm.

Investment Highlights

  • Modern Construction Advantage: Newly built in 2022, offering updated infrastructure and a fresh living environment.
  • Convenient Coastal Access: Proximity to Myrtle Beach provides residents with easy access to beaches and entertainment.
  • Educational Hub: Close to Coastal Carolina University and Horry-Georgetown Technical College, attracting a diverse tenant base.
  • Investor Growth Potential: Positioned in a dynamic area with rising demand, offering opportunities for long-term value.
  • Thoughtful Layout Design: Well-planned apartments enhance functionality and appeal for residents.
  • Vibrant Regional Appeal: Benefits from the growing popularity of the Conway and Myrtle Beach area.

Exclusively Listed By

Financing By

Multifamily

Hemingway Apartments

Listing Price: $4,500,000

Cap Rate
7.27%
Number of Units
30
GRM
9.43
Occupancy
100.0%
Price/Unit
$150,000
Price/Gross SF
$272.73
Gross SF
16,500

Investment Highlights

  • Modern Construction Advantage: Newly built in 2022, offering updated infrastructure and a fresh living environment.
  • Convenient Coastal Access: Proximity to Myrtle Beach provides residents with easy access to beaches and entertainment.
  • Educational Hub: Close to Coastal Carolina University and Horry-Georgetown Technical College, attracting a diverse tenant base.
  • Investor Growth Potential: Positioned in a dynamic area with rising demand, offering opportunities for long-term value.
  • Thoughtful Layout Design: Well-planned apartments enhance functionality and appeal for residents.
  • Vibrant Regional Appeal: Benefits from the growing popularity of the Conway and Myrtle Beach area.

Investment Overview

Marcus & Millichap is pleased to present Hemingway Apartments, a distinguished 30-unit multifamily property located in Conway, South Carolina. Built in 2022, this modern community seamlessly blends contemporary design with the vibrant coastal lifestyle. Featuring exclusively two-bedroom, one-bathroom apartments, the property offers residents a comfortable living experience with a focus on practical amenities and a welcoming atmosphere. Its strategic location provides convenient access to nearby educational institutions such as Coastal Carolina University and Horry-Georgetown Technical College, as well as the charming downtown Conway area, making it an ideal choice for a diverse range of renters. Hemingway Apartments benefits from its prime location, just a short drive from the bustling attractions of Myrtle Beach, including pristine beaches and a variety of entertainment options. The property’s thoughtful design and proximity to key amenities enhance its appeal, offering a serene yet connected living environment. With its recent construction and elegant appeal, Hemingway Apartments stands as a promising opportunity for investors looking to capitalize on the growing demand in this dynamic region, supported by the area’s increasing popularity and coastal charm.

Exclusively Listed By

Financing By

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