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Broad Street Apartments 237 Broad St 16 Unit Apartment Building $1,914,542 CAD ($119,659 CAD/Unit) 8.54% Cap Rate Sumter, SC 29150
Investment Highlights
- Low Vacancy
- 80% Updated Interiors
- Near Shaw AFB & Major Employers
- Located On Major Sumter Thoroughfare
- All 2BR/1BA Unit Mix
Executive Summary
16-Unit Multifamily Investment Opportunity in the heart of Sumter, SC!
This property consists of two buildings for a combined total of 16 identical two-bedroom, one-bathroom apartment units. The property provides an attractive opportunity for investors seeking stable cash flow with guaranteed rents from Section 8 and low vacancy. Convenient access to major retailers, roadways, the hospital, bus stop, and a short distance from Shaw AFB enhances long-term desirability in the Sumter rental market.
Features:
• Each unit is appx. 835 SF
• All Brick Buildings
• 80% of the electric panels have been updated with the last year
• 80% of the appliances and dual window units have been updated within the last year
• Transferrable active termite bond
• 16 Two Bed | 1 Bath Units
• Built in storage and large closets
This property consists of two buildings for a combined total of 16 identical two-bedroom, one-bathroom apartment units. The property provides an attractive opportunity for investors seeking stable cash flow with guaranteed rents from Section 8 and low vacancy. Convenient access to major retailers, roadways, the hospital, bus stop, and a short distance from Shaw AFB enhances long-term desirability in the Sumter rental market.
Features:
• Each unit is appx. 835 SF
• All Brick Buildings
• 80% of the electric panels have been updated with the last year
• 80% of the appliances and dual window units have been updated within the last year
• Transferrable active termite bond
• 16 Two Bed | 1 Bath Units
• Built in storage and large closets
Data Room Click Here to Access
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,914,542 CAD | Building Class | C |
| Price Per Unit | $119,659 CAD | Lot Size | 0.22 AC |
| Sale Type | Investment | Building Size | 13,388 SF |
| Cap Rate | 8.54% | Average Occupancy | 88% |
| No. Units | 16 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1950/2025 |
| Property Subtype | Apartment | Parking Ratio | 0.64/1,000 SF |
| Apartment Style | Garden |
| Price | $1,914,542 CAD |
| Price Per Unit | $119,659 CAD |
| Sale Type | Investment |
| Cap Rate | 8.54% |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 13,388 SF |
| Average Occupancy | 88% |
| No. Stories | 1 |
| Year Built/Renovated | 1950/2025 |
| Parking Ratio | 0.64/1,000 SF |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Heating
- Eat-in Kitchen
- Refrigerator
- Stainless Steel Appliances
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Lawn
- Porch
- Large Bedrooms
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 16 | $1,368 CAD | 835 |
1 1
Property Taxes
| Parcel Number | 228-03-04-005 | Improvements Assessment | $34,960 CAD |
| Land Assessment | $10,309 CAD | Total Assessment | $45,269 CAD |
Property Taxes
Parcel Number
228-03-04-005
Land Assessment
$10,309 CAD
Improvements Assessment
$34,960 CAD
Total Assessment
$45,269 CAD
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Broad Street Apartments | 237 Broad St
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