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340 Kiskadee Loop - 340 Kiskadee Loop 10 Unit Apartment Building Offered at $1,650,000 at a 5.55% Cap Rate Conway, SC 29526
Investment Highlights
- All units leased, no carpeting, only 4 years old, close to University and Technical college
- Conveniently positioned between Conway and Myrtle Beach
- Fitness room and multiple picnic areas available for residents
- Popular location near Coastal Carolina University and Horry Georgetown Tech
- Community amenities include pool, tennis, basketball and volleyball courts
Executive Summary
Investment opportunity to own 10 individually deeded condos in one building in a planned unit development. This building was built/completed in 2021.
All units are currently leased and managed by a local property manager. There are 3-3-bedroom end units and 7 interior 2-bedroom units on 3 floors. The top floor units have cathedral ceilings. All units have LVP flooring, white kitchens, stainless steel appliances, granite countertops, balconies with lake views, storage closets and laundry areas. Kiskadee Parke is located is a popular location close to Coastal Carolina University and Horry Georgetown Tech between Conway and Myrtle Beach. The amenities include a pool, tennis courts, basketball court, volleyball court, fitness room and picnic areas.
All units are currently leased and managed by a local property manager. There are 3-3-bedroom end units and 7 interior 2-bedroom units on 3 floors. The top floor units have cathedral ceilings. All units have LVP flooring, white kitchens, stainless steel appliances, granite countertops, balconies with lake views, storage closets and laundry areas. Kiskadee Parke is located is a popular location close to Coastal Carolina University and Horry Georgetown Tech between Conway and Myrtle Beach. The amenities include a pool, tennis courts, basketball court, volleyball court, fitness room and picnic areas.
Data Room Click Here to Access
- Operating and Financials
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$166,400
|
$13.53
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$166,400
|
$13.53
|
| Taxes |
$26,409
|
$2.15
|
| Operating Expenses |
$48,350
|
$3.93
|
| Total Expenses |
$74,759
|
$6.08
|
| Net Operating Income |
$91,641
|
$7.45
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $166,400 |
| Annual Per SF | $13.53 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $166,400 |
| Annual Per SF | $13.53 |
| Taxes | |
|---|---|
| Annual | $26,409 |
| Annual Per SF | $2.15 |
| Operating Expenses | |
|---|---|
| Annual | $48,350 |
| Annual Per SF | $3.93 |
| Total Expenses | |
|---|---|
| Annual | $74,759 |
| Annual Per SF | $6.08 |
| Net Operating Income | |
|---|---|
| Annual | $91,641 |
| Annual Per SF | $7.45 |
Property Facts
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Microwave
- Storage Space
- Washer/Dryer Hookup
- Kitchen
- Granite Countertops
- Refrigerator
- Stainless Steel Appliances
- Range
- Tub/Shower
- Family Room
- Vinyl Flooring
- Window Coverings
Site Amenities
- Fitness Center
- Pool
- Tennis Court
- Basketball Court
- Trash Pickup - Curbside
- Volleyball Court
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 3 | $1,550 | 1,350 |
| 2+2 | 7 | $1,350 | 1,050 |
Property Taxes
| Parcel Number | 38416040015 | Total Assessment | $10,500 (2024) |
| Land Assessment | $0 (2024) | Annual Taxes | $26,409 ($2.15/SF) |
| Improvements Assessment | $10,500 (2024) | Tax Year | 2025 |
Property Taxes
Parcel Number
38416040015
Land Assessment
$0 (2024)
Improvements Assessment
$10,500 (2024)
Total Assessment
$10,500 (2024)
Annual Taxes
$26,409 ($2.15/SF)
Tax Year
2025
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Presented by
Coastal Key Group Re Sales
340 Kiskadee Loop - 340 Kiskadee Loop
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