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Shagbark Lane Apartments 1 Shagbark Ln 43 Unit Apartment Building $5,150,000 ($119,767/Unit) Seneca, SC 29678
Investment Highlights
- Attractive value-add multifamily opportunity
- HVAC systems recently serviced 2024
- Major infrastructure maintenance completed in 2024 31 septic systems)
- Fully stabilized asset with 100% occupancy as of January 1, 2026
Executive Summary
The Shagbark Lane Apartments offer a compelling value-add investment opportunity comprised of 43 units with a well-balanced mix of one-, two-, and three-bedroom floor plans. Situated within a stable, established neighborhood, the property delivers strong in-place cash flow with additional upside through targeted capital improvements. Its highly desirable location, just minutes from Downtown Seneca, Clemson University, Lake Keowee, and major retail and employment centers supports consistent tenant demand and long-term growth potential.
Property Facts
| Price | $5,150,000 | Building Class | C |
| Price Per Unit | $119,767 | Lot Size | 12.00 AC |
| Sale Type | Investment | Building Size | 50,000 SF |
| No. Units | 43 | Average Occupancy | 98% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1985 |
| Apartment Style | Garden | ||
| Zoning | Multi-Family | ||
| Price | $5,150,000 |
| Price Per Unit | $119,767 |
| Sale Type | Investment |
| No. Units | 43 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 12.00 AC |
| Building Size | 50,000 SF |
| Average Occupancy | 98% |
| No. Stories | 1 |
| Year Built | 1985 |
| Zoning | Multi-Family |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Online Services
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | - | 900 - 999 |
| 2+1 | 6 | - | 999 |
| 2+1.5 | 10 | - | 956 |
| 2+2 | 2 | - | - |
| 2+2.5 | 3 | - | 1,200 |
| 3+1.5 | 11 | - | 1,400 |
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Property Taxes
| Parcel Numbers | Improvements Assessment | $120,350 | |
| Land Assessment | $3,583 | Total Assessment | $123,933 |
Property Taxes
Parcel Numbers
Land Assessment
$3,583
Improvements Assessment
$120,350
Total Assessment
$123,933
Contact
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Luke Anastasi -
Athena
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Shagbark Lane Apartments | 1 Shagbark Ln
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