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609 S Lake Dr
Lexington, SC 29072
Lexington Garden Apartments · Multifamily Property For Sale
·
41 Units
Property Facts
| No. Units | 41 | Lot Size | 1.98 AC |
| Property Type | Multifamily | Building Size | 25,900 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1993 |
| Building Class | B | Parking Ratio | 0.39/1,000 SF |
| Zoning | GC | ||
| No. Units | 41 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 1.98 AC |
| Building Size | 25,900 SF |
| No. Stories | 2 |
| Year Built | 1993 |
| Parking Ratio | 0.39/1,000 SF |
| Zoning | GC |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Recycling
- Trash Pickup - Curbside
- Online Services
- Walk-Up
- Smoke Detector
About 609 S LAKE DR , LEXINGTON, SC 29072
Marcus and Millichap is pleased to present for sale Lexington Garden Apartments located in the flourishing town of Lexington, South Carolina. Lexington, part of the Columbia MSA, has consistently boasted the lowest unemployment rate in South Carolina over the past decade and has a reputation for excellent public schools. Lexington Garden is positioned well to benefit from the growth of Lexington due to its location near area retail, restaurants, Hwy 378, I-20, and Lake Murray. Near Hwy 6 and Hwy 378 just 2.5 miles away is one of the busiest commercial thorough fares in South Carolina that’s home to Publix, Walgreens, Home Depot, Lowes Foods, and many other retailers and restaurants. The property was built in 1993 and consist of 41 units plus a commercial grade kitchen. The unit mix of studio, one and two bedroom units also includes a commercial retail suite currently occupied by a hair salon, Shear Image. The property was designed with some buildings offering interior corridor entrances to each unit and excellent ramp and step access to the buildings. Lexington Garden currently offers residents an all-inclusive utility package which includes electricity, water, and cable. A new investor has an opportunity acquire a mixed use site with residential and commercial uses and add value during ownership. By continuing to upgrade the interior of the units the average rent can be increased $100 or more on the majority of the units.
Property Taxes
| Parcel Numbers | Improvements Assessment | $66,988 | |
| Land Assessment | $37,641 | Total Assessment | $104,629 |
Property Taxes
