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- LoopNet Team
120 Alex Patterson Pl
Hilton Head, SC 29926
Alex Patterson Place · Specialty Property For Sale
·
25,200 SF
INVESTMENT HIGHLIGHTS
- 100% Occupied
- New Construction 2019
PROPERTY FACTS
| Property Type | Specialty | Building Size | 25,200 SF |
| Property Subtype | Residential Income | No. Stories | 1 |
| Building Class | B | Year Built | 2019 |
| Lot Size | 3.69 AC | Parking Ratio | 0.92/1,000 SF |
| Zoning | R4 - Residential | ||
| Property Type | Specialty |
| Property Subtype | Residential Income |
| Building Class | B |
| Lot Size | 3.69 AC |
| Building Size | 25,200 SF |
| No. Stories | 1 |
| Year Built | 2019 |
| Parking Ratio | 0.92/1,000 SF |
| Zoning | R4 - Residential |
AMENITIES
- Air Conditioning
ABOUT 120 ALEX PATTERSON PL , HILTON HEAD, SC 29926
This investment property consists of 14-single family four bedroom/four bath homes built in 2019 and located in Hilton Head Island, SC. The property includes 6-additional lots that are suited to build homes that are the similar size as the pre-existing homes in the community. This property is 100% occupied with long term rental contracts with local hotels & resorts that house their workforce. Cap Rate currently is 6.62% with a full purchase price. The remaining lots can be built on to help meet the high demand of workforce housing. Cap Rate would be 8.1% if project was completely finished and leased. Financial records and rental contracts can be provided upon request.
