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101 Malibu Dr - Malibu Apartments 73 Unit Apartment Building Offered at $4,183,500 CAD at a 7.38% Cap Rate Orangeburg, SC 29115
Investment Highlights
- Low Basis Per Unit
- Recent Unit Turns Completed
- Location: Major employers coming to the market within the next 5 years.
- Opportunity for SC Tax Abatement Program
- Strong Value-Add Upside
Executive Summary
Marcus & Millichap is pleased to present Malibu Apartments, a 73-unit multifamily community located in Orangeburg, South Carolina, offering investors the opportunity to acquire a value-add multifamily asset with strong cash flow potential in a growing regional market. Built in 1975, the property features a diversified and highly marketable unit mix consisting of 3 studio units, 50 one-bedroom/one-bathroom units, and 20 two-bedroom/one-bathroom units.
Orangeburg benefits from consistent housing demand driven by major employers, educational institutions such as South Carolina State University, and the Regional Medical Center, further amplified by robust job growth from incoming projects including a new food processing plant and Syngenta's state-of-the-art biologicals production facility. The property’s convenient access to downtown Orangeburg, retail centers, and major thoroughfares further enhances its attractiveness to tenants seeking affordability and accessibility. Malibu Apartments presents a compelling value-add investment opportunity through continued rental growth, operational efficiencies, and potential interior and exterior enhancements. With limited new multifamily supply in the immediate market and increasing demand for quality workforce housing, the property is well positioned to capitalize on favorable supply and demand dynamics. Investors will benefit from the combination of scale, in-place income, and long-term appreciation potential, making Malibu Apartments an attractive acquisition for buyers seeking consistent performance in a proven South Carolina secondary market.
Orangeburg benefits from consistent housing demand driven by major employers, educational institutions such as South Carolina State University, and the Regional Medical Center, further amplified by robust job growth from incoming projects including a new food processing plant and Syngenta's state-of-the-art biologicals production facility. The property’s convenient access to downtown Orangeburg, retail centers, and major thoroughfares further enhances its attractiveness to tenants seeking affordability and accessibility. Malibu Apartments presents a compelling value-add investment opportunity through continued rental growth, operational efficiencies, and potential interior and exterior enhancements. With limited new multifamily supply in the immediate market and increasing demand for quality workforce housing, the property is well positioned to capitalize on favorable supply and demand dynamics. Investors will benefit from the combination of scale, in-place income, and long-term appreciation potential, making Malibu Apartments an attractive acquisition for buyers seeking consistent performance in a proven South Carolina secondary market.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $4,183,500 CAD | Lot Size | 4.10 AC |
| Price Per Unit | $57,308 CAD | Building Size | 45,460 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 7.38% | Year Built | 1975 |
| No. Units | 73 | Opportunity Zone |
Yes
|
| Property Type | Multifamily |
| Price | $4,183,500 CAD |
| Price Per Unit | $57,308 CAD |
| Sale Type | Investment |
| Cap Rate | 7.38% |
| No. Units | 73 |
| Property Type | Multifamily |
| Lot Size | 4.10 AC |
| Building Size | 45,460 SF |
| No. Stories | 1 |
| Year Built | 1975 |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 3 | - | 350 |
| 1+1 | 50 | - | 524 |
| 2+1 | 20 | - | 910 |
1 1
Fairly walkable
40/100
Moderately drivable
70/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 0152-12-29-001.000 | Improvements Assessment | $116,254 CAD |
| Land Assessment | $24,047 CAD | Total Assessment | $140,301 CAD |
Property Taxes
Parcel Number
0152-12-29-001.000
Land Assessment
$24,047 CAD
Improvements Assessment
$116,254 CAD
Total Assessment
$140,301 CAD
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101 Malibu Dr - Malibu Apartments
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