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Investment Highlights

  • All 48 units recently renovated – completed January 2025, including new roofs and HVAC
  • Current average rent of approximately $832 per month across diverse unit mix
  • All 7 buildings received a new roof in the past year with all new HVAC units
  • 48-unit workforce housing community approximately 94% occupied
  • 8.75% in-place cap rate; 9.12% stabilized cap rate at $3,050,000 list price
  • Limited new multifamily supply supports continued demand for workforce rental housing

Executive Summary

Broker of Record
Kyle Matthews
License # 105710, 22684 (SC)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550

Property Facts

Price $3,050,000
Price Per Unit $63,542
Sale Type Investment
Cap Rate 8.75%
No. Units 48
Property Type Multifamily
Property Subtype Apartment
Building Class C
Lot Size 4.00 AC
Building Size 44,452 SF
Average Occupancy 94%
No. Stories 2
Year Built/Renovated 1970/2025
Parking Ratio 1.62/1,000 SF
Opportunity Zone Yes
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100

Property Taxes

Property Taxes

Parcel Number
11-037-212
Land Assessment
$90,000
Improvements Assessment
$678,351
Total Assessment
$768,351
  • Listing ID: 41705476

  • Date on Market: 8/11/2026

  • Last Updated:

  • Address: 825 Tomlinson St, Kingstree, SC 29556

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