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340 Kiskadee Loop - 340 Kiskadee Loop 10 Unit Apartment Building Offered at $2,303,268 CAD at a 5.55% Cap Rate Conway, SC 29526

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INVESTMENT HIGHLIGHTS

  • All units leased, no carpeting, only 4 years old, close to University and Technical college

EXECUTIVE SUMMARY

Investment opportunity to own 10 individually deeded condos in one building in a planned unit development. This building was built/completed in 2021.
All units are currently leased and managed by a local property manager. There are 3-3 bedroom end units and 7 interior 2 bedroom units on 3 floors. The top floor units have cathedral ceilings. All units have LVP flooring, white kitchens, stainless steel appliances, granite countertops, balconies with lakeviews, storage closets and laundry areas. Kiskadee Parke is located is a popular location close to Coastal Carolina University and Horry Georgetown Tech between Conway and Myrtle Beach. The amenities include a pool, tennis courts, basketball court, volleyball court, fitness room and picnic areas.

DATA ROOM Click Here to Access

FINANCIAL SUMMARY (ACTUAL - 2025)

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income $232,281 $10.69
Other Income - -
Vacancy Loss - -
Effective Gross Income $232,281 $10.69
Taxes $36,865 $1.70
Operating Expenses $67,493 $3.11
Total Expenses $104,358 $4.80
Net Operating Income $127,924 $5.89

FINANCIAL SUMMARY (ACTUAL - 2025)

Gross Rental Income (CAD)
Annual $232,281
Annual Per SF $10.69
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $232,281
Annual Per SF $10.69
Taxes (CAD)
Annual $36,865
Annual Per SF $1.70
Operating Expenses (CAD)
Annual $67,493
Annual Per SF $3.11
Total Expenses (CAD)
Annual $104,358
Annual Per SF $4.80
Net Operating Income (CAD)
Annual $127,924
Annual Per SF $5.89

PROPERTY FACTS

Price $2,303,268 CAD
Price Per Unit $230,327 CAD
Sale Type Investment
Cap Rate 5.55%
Sale Condition Bulk/Portfolio Sale
Gross Rent Multiplier 10
No. Units 10
Property Type
Multifamily
  • Multifamily Apartments
Apartment Style Low-Rise
Building Class C
Building Size 12,300 SF
Average Occupancy 100%
No. Stories 3
Year Built 2021
Zoning MF - Planned Unit Development

AMENITIES

  • Smoke Detector

UNIT AMENITIES

  • Air Conditioning
  • Balcony
  • Dishwasher
  • Microwave
  • Storage Space
  • Washer/Dryer Hookup
  • Kitchen
  • Granite Countertops
  • Refrigerator
  • Stainless Steel Appliances
  • Range
  • Tub/Shower
  • Family Room
  • Vinyl Flooring
  • Window Coverings

SITE AMENITIES

  • Fitness Center
  • Pool
  • Tennis Court
  • Basketball Court
  • Trash Pickup - Curbside
  • Volleyball Court
  • Private Bathroom

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
3+2 6 $2,164 CAD 1,350
2+2 9 $1,884 CAD 1,050
  • Listing ID: 37148452

  • Date on Market: 2025-08-06

  • Last Updated:

  • Address: 340 Kiskadee Loop, Conway, SC 29526

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