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1041 W Meadow Dr
Lancaster, SC 29720

$2,600,000 USD

Apartments For Sale  •  26,346 SF

Property Details

  • Property Type Apartments
  • Total Building Size 26,346 SF
  • Lot Size 2.59 AC
  • Building Class C
  • Year Built 1969
  • Zoning CITY
40 Walk Score

Highlights

100% Updated Units: All 32 units updated: 25 cosmetically upgraded and 7 fully renovated with new kitchens, appliances, and flooring.
$275K Recent Capex: $275,000 invested in crawl space work, electrical, plumbing, and minor roof repairs across the property.
Multiple Value-Add Levers: Rent growth, water billback on 16 units, flood zone reassessment, and potential tax abatement upside.
Charlotte MSA Location: Approximately 40 miles south of Charlotte in the fast-growing Charlotte-Concord-Gastonia MSA.
Lancaster County Employment: Anchored by Nutramax Laboratories, Continental Tire, Movement Mortgage, and Founders Federal Credit Union.

Public Transportation

AirportDriveWalkDistance
Charlotte/Douglas International 65 min - 40.8 mi
Ryan Lipomi 910-986-1767 Marcus & Millichap
Ryan Lipomi 910-986-1767 Marcus & Millichap