Multifamily

Union Townhomes

408 Ebenezer Ave, Rock Hill, SC 29730

Listing Price: $1,250,000

Cap Rate
6.71%
Number of Units
11
GRM
8.58
Occupancy
93.09%
Price/Unit
$113,636
Price/Gross SF
$94.70
Gross SF
13,200

Investment Overview

The McDaniel Team of Marcus & Millichap is pleased to present the Union Townhomes in Rock Hill, South Carolina. Originally constructed in 1990, these townhome units were completely renovated in 2018. these units are conveniently located within walking distance of Winthrop University and just minutes away from the new headquarters for the Carolina Panthers. By the summer of 2022, the training facility in Rock Hill will house the Panthers practice fields, sports medicine facility, retail and restaurants. The Panthers received $225 million in tax breaks from York County to build to the land, and another $115 million in breaks from the state of South Carolina. The S.C. Department of Transportation received a $34.6 million federal grant to help fund the construction of an estimated $40 million interchange off I-77, a new exit between Cherry and Dave Lyle.

The exterior design of the buildings consists of wood frame construction with brick veneer and hard board siding. Each building is on a concrete slab and has a gable roof with compositions shingles and heat pumps. All of the units feature a living room area/dining area, a kitchen, two-bedrooms and one and a half baths. All interiors have been renovated and well-maintained by current ownership.

Unit upgrades include new vinyl tile flooring on the first level, as well as in the bathrooms and stairways. New sheetrock walls and ceilings are installed and painted, and new standard residential-type lighting is also installed. Every unit has new windows and doors. The kitchens have new cabinets with Formica countertops and all new appliances to include cooking range, refrigerator and exhaust hoods/microwave combos. The full bathrooms have new vanities and new toilets with new vanities in the half bathrooms as well. Washer and dryers are also included. Power, water/sewer, internet and lawn maintenance are included in the rent.

New ownership could take advantage of the increasing demand for renovated units in the market. As well as organic rent growth with the new Panthers headquarters coming to the market in the Summer of 2022.

Investment Highlights

  • High Barrier of Entry in Rock Hill/Fort Mill Submarket
  • Recently Renovated Units
  • Close Proximity to new Carolina Panthers Headquarters
  • Great Investment for Local Owner/Investor
  • Walking Distance to Winthrop University

Exclusively Listed By

Listing Price: $1,250,000

Cap Rate
6.71%
Number of Units
11
GRM
8.58
Occupancy
93.09%
Price/Unit
$113,636
Price/Gross SF
$94.70
Gross SF
13,200

Investment Highlights

  • High Barrier of Entry in Rock Hill/Fort Mill Submarket
  • Recently Renovated Units
  • Close Proximity to new Carolina Panthers Headquarters
  • Great Investment for Local Owner/Investor
  • Walking Distance to Winthrop University

Investment Overview

The McDaniel Team of Marcus & Millichap is pleased to present the Union Townhomes in Rock Hill, South Carolina. Originally constructed in 1990, these townhome units were completely renovated in 2018. these units are conveniently located within walking distance of Winthrop University and just minutes away from the new headquarters for the Carolina Panthers. By the summer of 2022, the training facility in Rock Hill will house the Panthers practice fields, sports medicine facility, retail and restaurants. The Panthers received $225 million in tax breaks from York County to build to the land, and another $115 million in breaks from the state of South Carolina. The S.C. Department of Transportation received a $34.6 million federal grant to help fund the construction of an estimated $40 million interchange off I-77, a new exit between Cherry and Dave Lyle.

The exterior design of the buildings consists of wood frame construction with brick veneer and hard board siding. Each building is on a concrete slab and has a gable roof with compositions shingles and heat pumps. All of the units feature a living room area/dining area, a kitchen, two-bedrooms and one and a half baths. All interiors have been renovated and well-maintained by current ownership.

Unit upgrades include new vinyl tile flooring on the first level, as well as in the bathrooms and stairways. New sheetrock walls and ceilings are installed and painted, and new standard residential-type lighting is also installed. Every unit has new windows and doors. The kitchens have new cabinets with Formica countertops and all new appliances to include cooking range, refrigerator and exhaust hoods/microwave combos. The full bathrooms have new vanities and new toilets with new vanities in the half bathrooms as well. Washer and dryers are also included. Power, water/sewer, internet and lawn maintenance are included in the rent.

New ownership could take advantage of the increasing demand for renovated units in the market. As well as organic rent growth with the new Panthers headquarters coming to the market in the Summer of 2022.

Exclusively Listed By

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