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Browse More Listings in Multifamily For Sale, Dillon, SC or South Carolina

Multifamily Property For Sale

St. Stephens Apartments

1602 McNeil St, Dillon, SC 29536

Price:
$1,730,000
No. Units:
92
Building Size:
79,004 SF
Price/Unit:
$18,804.35
Property Type:
Multifamily
Property Sub-type:
Government Subsidized
Property Use Type:
Investment
Occupancy:
96%
No. Stories:
2
Year Built:
1971
Lot Size:
8.02 AC
Find Out More...

Last Verified 11/5/2009 Listing ID 15993631

Description

$21.90 per Square Foot! Less than $18,900per unit. 8.02 acre property. Presently +/- 96% occupied with most renovations complete, and income now averaging over $32K per month. Motivated Seller looking for Cash Buyer; significant discount to cash buyer. Largely refurbished and occupied. Expect financing to today's market to require large down payment and well qualified.

Dillon SC is right on the NC/SC border on I-95. The property is only 2-mi from the interstate, and is located just 2-blocks off of the main north/south road in the town. Gordon Elementary school is just one block away. You couldn't ask for a better location.

Financial Summary

Proforma
Year
2009
Scheduled Gross Income
$360,000
Operating Expenses
$222,000
Net Operating Income
$138,000

Map of 1602 McNeil St, Dillon, SC 29536 (Dillon County)

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Presented by

Weichert Realtors - The Freedom Group

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Contact Listing Broker

David McDonnough (843) 992-4354

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Created 11/18/2008

Additional Information for 1602 Mcneil Street, Dillon, SC 29536

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Multifamily Property For Sale - St. Stephens Apartments

1602 McNeil St, Dillon, SC, 29536