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925 Miller Rd
Sumter, SC 29150
Poplar Square Apartments · Multifamily Property For Sale
·
100 Units
PROPERTY FACTS
| No. Units | 100 | Building Size | 89,680 SF |
| Property Type | Multifamily | Average Occupancy | 97% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1974/2002 |
| Building Class | C | Parking Ratio | 1.25/1,000 SF |
| Lot Size | 8.72 AC | ||
| Zoning | C - Commercial | ||
| No. Units | 100 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 8.72 AC |
| Building Size | 89,680 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built/Renovated | 1974/2002 |
| Parking Ratio | 1.25/1,000 SF |
| Zoning | C - Commercial |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Disposal
- Tile Floors
- Kitchen
- Refrigerator
- Oven
- Range
- Carpet
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Pet Play Area
- Walk-Up
- Smoke Detector
ABOUT 925 MILLER RD , SUMTER, SC 29150
Marcus & Millichap is pleased to present Poplar Square, an all brick property built in 1972/2003 consisting of 100 units on 8.78 acres for sale. The location has good visibility from Miller Rd and offers residents a convenient commute to all of the major employers in the Sumter area like Shaw Air Force Base, Continental Tire, and Palmetto Health Tuomey Medical Center. The property benefits from its good condition (Renovated in 2003) and its unit mix of 1,2, and 3 bedrooms. Currently the property includes water, sewer, trash in the rent while residents pay electric. Poplar consistently performs at a very high level and is currently 97% occupied. Poplar Squares revenue is stabilized by 50 percent of the units being leased under the HUD Section 8 program. Poplar Square is located 15 minutes from the new Continental Tire Manufacturing Plant. The entire Sumter area will benefit from the 1,600 new manufacturing jobs. Most recently Easy Homes, LLC announced a $37MM expansion in Sumter bringing 88 new jobs to the area and Shaw Air Force Base is the leading site for a new remotely powered attack aircraft, the MQ-9 drone. Sumter, SC lies near the geographic center of the state of South Carolina. Sumter offers a highly diversified industrial structure and is famed for its lovely gardens and charming residential neighborhoods. Sumter is 100 miles west of Myrtle Beach's Grand Strand. Columbia, the state capital, lies approximately 45 miles to the west, and the major port city of Charleston is approximately 100 miles to the south. Sumter is home to Shaw Air Force Base, headquarters of the 3rd Army, 9th Air Force and the 20th Fighter Wing.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | - | 660 |
| 2+1 | 80 | - | 860 |
| 3+2 | 12 | - | 1,025 |
PROPERTY TAXES
| Parcel Number | 229-00-01-009 | Improvements Assessment | $4,470,200 |
| Land Assessment | $279,040 | Total Assessment | $4,749,240 |
PROPERTY TAXES
