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73 Unit Multifamily Portfolio

$5,520,000 USD

Multifamily For Sale  •  62,400 SF

2 Properties View all

Property Details

  • Property Type Multifamily
0 Transit Score
38 Walk Score

Highlights

Strong Local Growth: Newberry is a quickly-growing community with strong economic and population growth.
Occupancy & Cash Flow: The properties are 100% occupied, indicating consistent demand in the current market.
Economic Drivers: Manufacturing & Education. Large employers being Caterpillar, Michelin, Trane Technologies, Komatsu, Newberry College and more.
Tax Reduction Opportunity: A non-profit partnership could lower the real estate tax liability by up to 75%.
The property offers a monthly loss-to-lease upside of $5,560, presenting a clear opportunity to increase revenue through strategic rent adjustments.
Assumable Loan: Fannie Mae assumable loan of $2.64m at 5.745% interest rate.
Matthew Harper 864-714-9619 Aline Capital
Matthew Harper 864-714-9619 Aline Capital