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Lake Hartwell Villas 10 Kinston Manor Dr 108 Unité Immeuble d’appartements 15 509 814 $ CAD (143 609 $ CAD/Unité) Westminster, SC 29693
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Faits saillants de l'investissement
- Deep Value-Add Lease-Up: Significantly under-occupied today. Buyer drives NOI from day 1 via Long Term Rental, Short Term Rental, or hybrid execution.
- $3M+ Invested Across Four Renovation Phases: Roofs, HVAC, electrical, plumbing, flooring, kitchens, baths. Capex materially de-risked (see Rent Roll).
- Lake Hartwell / I-85 Corridor: Minutes to a 56,000-acre USACE reservoir on the Atlanta–Charlotte corridor.
- 108-Unit Sponsor-Controlled Condo Platform: Day-one supermajority POA control. Buyer sets budget, governance, and rental policy at closing.
- STR Permitted in the Master Deed: Three Phase I units on Airbnb today. Optionality across LTR, STR, and blended strategies.
Résumé de l'annonce
Marcus & Millichap is pleased to present Lake Hartwell Villas, a 108-unit single-sponsor-controlled condominium platform in Westminster, South Carolina. Positioned minutes from Lake Hartwell — one of the Southeast's largest recreational reservoirs — and bisected by the I-85 corridor between Atlanta and Charlotte, the property represents a rare governance-controlled lake-access condominium acquisition in a supply-constrained submarket.
The offering is a mid-renovation value-add priced at $11,400,000, or ~$105,556 per unit — materially below sponsor cost and regional replacement cost. The seller has invested $3,000,000+ into a unit-by-unit renovation across four phases, replacing roofs, HVAC, electrical, plumbing, water heaters, flooring, kitchens, baths, and exterior envelope. Phase I (13 units) is fully delivered and generating in-place income from long-term residents and an active Airbnb program; Phase II (28 units) is 21% complete with 22 in progress; Phases III and IV (59 units combined) plus eight unassigned-phase units are mid-renovation, with major mechanical systems installed and finish work remaining.
Because 108 of the 114 units convey together, the buyer steps into day-one supermajority control of the Lake Hartwell Villas POA — a position rarely available in condo acquisitions. The POA is established under the SC Horizontal Property Act (§27-31-10 et seq.) and governed by a Master Deed recorded April 27, 2023 (Oconee County Book 2934, Page 9). STR is permitted under the Master Deed, and the Phase I Airbnb program proves active lake recreation demand.
The offering is a mid-renovation value-add priced at $11,400,000, or ~$105,556 per unit — materially below sponsor cost and regional replacement cost. The seller has invested $3,000,000+ into a unit-by-unit renovation across four phases, replacing roofs, HVAC, electrical, plumbing, water heaters, flooring, kitchens, baths, and exterior envelope. Phase I (13 units) is fully delivered and generating in-place income from long-term residents and an active Airbnb program; Phase II (28 units) is 21% complete with 22 in progress; Phases III and IV (59 units combined) plus eight unassigned-phase units are mid-renovation, with major mechanical systems installed and finish work remaining.
Because 108 of the 114 units convey together, the buyer steps into day-one supermajority control of the Lake Hartwell Villas POA — a position rarely available in condo acquisitions. The POA is established under the SC Horizontal Property Act (§27-31-10 et seq.) and governed by a Master Deed recorded April 27, 2023 (Oconee County Book 2934, Page 9). STR is permitted under the Master Deed, and the Phase I Airbnb program proves active lake recreation demand.
Salle de données Cliquez ici pour accéder à
- Offering Memorandum
Faits sur la propriété
| Prix | 15 509 814 $ CAD | Classe d’immeuble | B |
| Prix par unité | 143 609 $ CAD | Taille du lot | 32,32 AC |
| Type de vente | Investissement | Taille du bâtiment | 125 400 pi² |
| Nombre d’unités | 108 | Nombre d’étages | 2 |
| Type de propriété | Immeuble residentiel | Année de construction | 1982 |
| Sous-type de propriété | Appartement | Ratio de stationnement | 0,32/1 000 pi² |
| Style d’appartement | De faible hauteur | ||
| Zonage | R3 | ||
| Prix | 15 509 814 $ CAD |
| Prix par unité | 143 609 $ CAD |
| Type de vente | Investissement |
| Nombre d’unités | 108 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | B |
| Taille du lot | 32,32 AC |
| Taille du bâtiment | 125 400 pi² |
| Nombre d’étages | 2 |
| Année de construction | 1982 |
| Ratio de stationnement | 0,32/1 000 pi² |
| Zonage | R3 |
Commodités
Commodités des unités
- Climatisation
- Laveuse/Sécheuse
- Réfrigérateur
- Fourchette
- Bain/Douche
Commodités du site
- Accès 24 heures
- Piscine
- Sans fumée
- Sans ascenseur
- Détecteur de fumée
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| 1+1 | 2 | - | 800 |
| 2+2 | 103 | - | 1 101 |
| 3+3 | 3 | - | 1 691 |
1 1
Impôts fonciers
| Numéro de lot | 316-00-01-099 | Évaluation des bâtiments | 3 031 $ CAD |
| Évaluation du terrain | 811 $ CAD | Évaluation totale | 3 842 $ CAD |
Impôts fonciers
Numéro de lot
316-00-01-099
Évaluation du terrain
811 $ CAD
Évaluation des bâtiments
3 031 $ CAD
Évaluation totale
3 842 $ CAD
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Lake Hartwell Villas | 10 Kinston Manor Dr
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