Investment Overview

Marcus & Millichap is pleased to present Hillcrest Apartments, a 25-unit multifamily community located in Chester, South Carolina. The property is comprised entirely of two-bedroom, one-bathroom floorplans, delivering a uniform unit mix and consistent operating profile. Recent capital investment across the property includes 15 to 20 units fully renovated with new cabinets, countertops, tub trim kits, plumbing, vanities, light fixtures, paint, PTAC HVAC systems, and white appliances. All 25 units feature new flooring throughout and updated bathrooms, with cabinets and white appliances installed as needed on the remaining units. The property is served by copper electrical throughout with predominantly new PTAC HVAC systems. Chester, South Carolina sits along Interstate 77 as the southernmost county in the Charlotte Region, positioned between the Charlotte and Columbia metros and benefiting from Charlotte’s residential spillover moving south along I-77. Chester County recorded the fastest manufacturing employment growth in the metro Charlotte region, up about 70% from 2010 to 2020, and is now home to more than 50 manufacturers across multiple sectors. The local economy is anchored by Giti Tire’s $560 million North American headquarters (with a targeted 1,700 jobs), joined by Poly-America along the SC-9 corridor and served by the L&C Railway short line, which connects to both Norfolk Southern and CSX for competitive freight access.