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Hampton Place Apartments - Kingstree, SC 825 Tomlinson St 48 Unit Apartment Building $2,900,000 ($60,417/Unit) Kingstree, SC 29556

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INVESTMENT HIGHLIGHTS

  • Value-Add Opportunity Through an Organic Rental Increase Will Immediately Increase Net Operating Income Providing New Ownership a Stable Asset
  • Exceptional Assumable Loan That Expires in 2033 With a Fixed Rate of 6.02% and 38 Months Remaining of Interest-Only Period
  • Favorable Unit Mix For All Tenant Profiles Consisting of 1, 2, 3, and 4 Bedroom Units
  • $1.5 Million in Capital Improvements Over the Last 3 Years Including Interior Improvements, Exterior Improvements, New Paint, Replacement of HVACs
  • Minimal Deferred Maintenance Providing New Ownership a Well Maintained Asset
  • Rents Can Be Raised Organically By an Average of Nearly $150/Unit Based on Nearby Comparable Properties

EXECUTIVE SUMMARY

Sands Investment Group is Pleased to Present For Sale the Hampton Place Apartments Multi-Family Located in Kingstree, SC.

In Cooperation With Sands Investment Group Charleston, LLC - Lic. #20891 BoR: Chris Sands - Lic. SC #93103

PROPERTY FACTS

Price $2,900,000
Price Per Unit $60,417
Sale Type Investment
No. Units 48
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Manufactured Housing Mobile Home Park
  • Multifamily Dormitory
Apartment Style Garden
Building Class C
Lot Size 4.00 AC
Building Size 42,400 SF
Average Occupancy 92%
No. Stories 2
Year Built 1970
Parking Ratio 1.55/1,000 SF
Opportunity Zone Yes

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower

SITE AMENITIES

  • 24 Hour Access
  • Laundry Facilities
  • Tenant Controlled HVAC
  • Waterfront
  • Smoke Free
  • Smoke Detector

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 4 - 656
2+1 20 - 900
3+1 20 - 945
4+1 4 - 1,232

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
11-037-212
Land Assessment
$5,400
Improvements Assessment
$40,700
Total Assessment
$46,100
  • Listing ID: 37620265

  • Date on Market: 3/21/2025

  • Last Updated:

  • Address: 825 Tomlinson St, Kingstree, SC 29556

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