1041 W Meadow Dr | Lancaster, SC 29720
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- LoopNet Team
1041 W Meadow Dr
Lancaster, SC 29720
Red Rose Apartments · Multifamily Property For Sale
·
32 Units
INVESTMENT HIGHLIGHTS
- All Units Updated: 25 units cosmetically updated & 7 units fully renovated (kitchens, appliances, and flooring).
- Charlotte Metro Growth: Lancaster is just 41.8 miles from Charlotte, offering direct access to one of the fastest growing regions in the Southeast.
- Strong Market Fundamentals: The area continues to experience population growth, employment expansion, and consistent rental housing demand.
- Prime Lancaster Location: Situated near retail, schools, and major transportation corridors, the property benefits from strong tenant demand.
- Value-Add Potential: Future ownership can implement billbacks on the remaining units and leverage rent growth opportunities.
- Desirable Unit Mix: Two-bedroom, one-bathroom floor plans appeal to a wide renter base.
PROPERTY FACTS
| No. Units | 32 | Lot Size | 2.59 AC |
| Property Type | Multifamily | Building Size | 26,346 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1975 |
| Building Class | C | ||
| Zoning | CITY | ||
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.59 AC |
| Building Size | 26,346 SF |
| No. Stories | 2 |
| Year Built | 1975 |
| Zoning | CITY |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 32 | - | 800 |
PROPERTY TAXES
| Parcel Number | 0067N-0D-014.00 | Improvements Assessment | $89,604 |
| Land Assessment | $19,296 | Total Assessment | $108,900 |
PROPERTY TAXES
Parcel Number
0067N-0D-014.00
Land Assessment
$19,296
Improvements Assessment
$89,604
Total Assessment
$108,900
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