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Hemingway 8 Daisy Ln 48 Unit Apartment Building $3,919,772 CAD ($81,662 CAD/Unit) 5.16% Cap Rate Hemingway, SC 29554
EXECUTIVE SUMMARY
Situated on approximately 3.80 acres, Hemingway Apartments is a multifamily rental community with financing through the Rural Development 515 Loan Program. The community is com posed of 1 office building; two- story buildings with 8 one–bedroom, 24 two-bedroom and 16 three bedroom apartment homes. Based on funding availability, USDA may provide funding to make this purchase possible. Funding may include 100% rental assistance and interest credit assistance that reduces the loan note interest rate to one-percent. The property is undergoing the RD 515 loan prepayment process. This property is being marketed to non profits and housing authorities only. For profit entities are not permitted to purchase under prepayment rules. This institution is an equal opportunity provider. Equal Housing Opportunity.
Local Non-for-Profit organizations and public agencies have priority over regional and national Not-for-Profit organizations and public agencies.
RD Contact: Michelle Groshens Portfolio Management Branch,
Asset Management Division
Multifamily Housing, Rural Development
United States Department of Agriculture
Phone: (320)-235-3540 Ext 102
Local Non-for-Profit organizations and public agencies have priority over regional and national Not-for-Profit organizations and public agencies.
RD Contact: Michelle Groshens Portfolio Management Branch,
Asset Management Division
Multifamily Housing, Rural Development
United States Department of Agriculture
Phone: (320)-235-3540 Ext 102
DATA ROOM Click Here to Access
PROPERTY FACTS
| Price | $3,919,772 CAD | Building Class | B |
| Price Per Unit | $81,662 CAD | Lot Size | 3.80 AC |
| Sale Type | Investment | Building Size | 49,600 SF |
| Cap Rate | 5.16% | Average Occupancy | 100% |
| No. Units | 48 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1982 |
| Property Subtype | Apartment | Parking Ratio | 1.65/1,000 SF |
| Apartment Style | Garden |
| Price | $3,919,772 CAD |
| Price Per Unit | $81,662 CAD |
| Sale Type | Investment |
| Cap Rate | 5.16% |
| No. Units | 48 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 3.80 AC |
| Building Size | 49,600 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1982 |
| Parking Ratio | 1.65/1,000 SF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Disposal
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- Laundry Facilities
- Playground
- Trash Pickup - Curbside
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | - | 750 |
| 2+2 | 22 | - | 1,000 |
| 3+2 | 18 | - | 1,200 |
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PROPERTY TAXES
| Parcel Number | 24-019-134 | Improvements Assessment | $95,154 CAD |
| Land Assessment | $1,577 CAD | Total Assessment | $96,732 CAD |
PROPERTY TAXES
Parcel Number
24-019-134
Land Assessment
$1,577 CAD
Improvements Assessment
$95,154 CAD
Total Assessment
$96,732 CAD
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Hemingway | 8 Daisy Ln
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