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406 Malibu Dr
Orangeburg, SC 29115
Malibu Apartments · Immeuble residentiel Propriété À vendre
·
73 Unités
Certaines informations ont été traduites automatiquement.
FAITS SAILLANTS DE L'INVESTISSEMENT
- Low Basis Per Unit: Priced at $3,000,000 ($41,096 per unit).
- Recent Unit Turns Completed: 50 of the 73 units have undergone standard unit turns.
- Location: Major employers coming to the market within the next 5 years.
- Opportunity for SC Tax Abatement Program: The buyer has the unique opportunity to implement South Carolina’s tax abatement program.
- Strong Value-Add Upside: With 23 units available for targeted renovations,the property offers clear pathways to push rents to market level.
RÉSUMÉ DE L'ANNONCE
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.
FAITS SUR LA PROPRIÉTÉ
| Prix par unité | 57 016 $ CAD | Taille du lot | 4,10 AC |
| Type de vente | Investissement | Taille du bâtiment | 45 460 pi² |
| Taux de capitalisation | 7,38% | Nombre d’étages | 1 |
| Nombre d’unités | 73 | Année de construction | 1975 |
| Type de propriété | Immeuble residentiel | Zone de développement économique |
Oui
|
| Prix par unité | 57 016 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 7,38% |
| Nombre d’unités | 73 |
| Type de propriété | Immeuble residentiel |
| Taille du lot | 4,10 AC |
| Taille du bâtiment | 45 460 pi² |
| Nombre d’étages | 1 |
| Année de construction | 1975 |
| Zone de développement économique |
Oui |
UNITÉ RENSEIGNEMENTS SUR LE MÉLANGE
| DESCRIPTION | NOMBRE D’UNITÉS | LOYER MOYEN/MOIS | pi² |
|---|---|---|---|
| Studios | 3 | - | 350 |
| 1+1 | 50 | - | 625 |
| 2+1 | 20 | - | 734 |
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