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406 Malibu Dr
Orangeburg, SC 29115

$3,000,000 USD

Multifamily For Sale  •  45,460 SF

Property Details

  • Property Type Multifamily
  • Total Building Size 45,460 SF
  • Lot Size 4.1 AC
  • Year Built 1975
0 Transit Score
39 Walk Score

Highlights

Low Basis Per Unit: Priced at $3,000,000 ($41,096 per unit).
Opportunity for SC Tax Abatement Program: The buyer has the unique opportunity to implement South Carolina’s tax abatement program.
Recent Unit Turns Completed: 50 of the 73 units have undergone standard unit turns.
Strong Value-Add Upside: With 23 units available for targeted renovations,the property offers clear pathways to push rents to market level.
Location: Major employers coming to the market within the next 5 years.
Ryan Lipomi 910-986-1767 Marcus & Millichap
Ryan Lipomi 910-986-1767 Marcus & Millichap