Log In/Sign Up
Your email has been sent.
Carel Drive Apartments 1 Multifamily Properties Offered at $1,200,000 in Barnwell, SC
Executive Summary
20-Unit Multifamily Portfolio (10 Duplexes) – Barnwell, SC
8% Cap Rate | 100% Occupied | Immediate Cash Flow + Strong Upside
Asking Price: $1,290,000
**Property Highlights**
• 20 units (10 duplexes) – each 1 bed / 1 bath
• Gross scheduled income: $8,000/month ($96,00 annually)
• Current rents: 8 units @ $450, 5 units @ $400, 7 units @ $340 (well below local market). All apartments are identical. Lower priced rents have never been increased since seller purchased. The units at $400 and $450 are more recent tenants with prices increased. All units could easily be raised to $450.
• 8% Cap Rate on purchase price
• 100% occupied with fully screened tenants (financial & criminal background checks completed)
• Annual property taxes: $12,000
• City water & sewer
**Recent Capital Improvements (2026)**
• 8 units fully renovated
• Brand-new roofs on all 10 buildings
• Fresh paint, durable marble-pattern tile flooring, and updated finishes throughout renovated units (see photo below)
**Additional Value-Add Opportunities**
• Below-market rents = immediate upside through annual increases or turnover
• Additional acreage at rear of property for future expansion (units, storage, or amenities)
• Window AC cooling in all units
Utilities: City water and sewer
**Location & Market**
Barnwell, South Carolina offers strong rental demand in a safe, established neighborhood located near local schools. This turnkey portfolio benefits from consistent occupancy, low operating expenses, and proven tenant quality. Current owner is retiring and motivated to sell.
**Investment Summary**
Stable 8% cap rate with built-in rent growth, recent major improvements, and expansion potential on extra land. Ideal for investors seeking immediate cash flow and long-term appreciation in a high-demand South Carolina rental market.
Owner/Seller is a South Carolina licensed Real Estate agent.
8% Cap Rate | 100% Occupied | Immediate Cash Flow + Strong Upside
Asking Price: $1,290,000
**Property Highlights**
• 20 units (10 duplexes) – each 1 bed / 1 bath
• Gross scheduled income: $8,000/month ($96,00 annually)
• Current rents: 8 units @ $450, 5 units @ $400, 7 units @ $340 (well below local market). All apartments are identical. Lower priced rents have never been increased since seller purchased. The units at $400 and $450 are more recent tenants with prices increased. All units could easily be raised to $450.
• 8% Cap Rate on purchase price
• 100% occupied with fully screened tenants (financial & criminal background checks completed)
• Annual property taxes: $12,000
• City water & sewer
**Recent Capital Improvements (2026)**
• 8 units fully renovated
• Brand-new roofs on all 10 buildings
• Fresh paint, durable marble-pattern tile flooring, and updated finishes throughout renovated units (see photo below)
**Additional Value-Add Opportunities**
• Below-market rents = immediate upside through annual increases or turnover
• Additional acreage at rear of property for future expansion (units, storage, or amenities)
• Window AC cooling in all units
Utilities: City water and sewer
**Location & Market**
Barnwell, South Carolina offers strong rental demand in a safe, established neighborhood located near local schools. This turnkey portfolio benefits from consistent occupancy, low operating expenses, and proven tenant quality. Current owner is retiring and motivated to sell.
**Investment Summary**
Stable 8% cap rate with built-in rent growth, recent major improvements, and expansion potential on extra land. Ideal for investors seeking immediate cash flow and long-term appreciation in a high-demand South Carolina rental market.
Owner/Seller is a South Carolina licensed Real Estate agent.
Property Facts
| Price | $1,200,000 | Status | Active |
| Price / SF | $2,000 / SF | Number of Properties | 20 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 8% | Total Building Size | 600 SF |
| Sale Type | Investment | Total Land Area | 2.71 AC |
| Price | $1,200,000 |
| Price / SF | $2,000 / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 8% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 20 |
| Individually For Sale | 0 |
| Total Building Size | 600 SF |
| Total Land Area | 2.71 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 49 Carel Dr, Barnwell, SC 29812 | Multifamily | 600 SF | 1972 | - |
1 1
1 of 10
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Carpenter Property Management
Carel Drive Apartments
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.