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Broad Street Apartments 1 Multifamily Properties Offered at $1,500,000 in Sumter, SC
Investment Highlights
- All 2BR / 1BA Unit Mix
- Low Vacancy
- Prominent Position on Major Sumter Thoroughfare
- Near Shaw Air Force Base & Major Employers
- 80% Updated Interiors
Executive Summary
16-Unit Multifamily Investment Opportunity in the heart of Sumter, SC
Located at 237 Broad Street this property consists of two buildings for a combined total of 16 identical two-bedroom, one-bathroom apartment units. The property provides an attractive opportunity for investors seeking stable cash flow with guaranteed rents from Section 8 and low vacancy. Convenient access to major retailers, roadways, the hospital, and a short distance from Shaw AFB enhances long-term desirability in the Sumter rental market.
Features:
• 16 Two Bedrooms | 1 Bathroom Units
• Each unit is appx. 835 square feet
• All brick buildings
• 80% of the electric panels have been updated within the last year
• 80% of appliances and dual window units have been updated within the last year
• Transferrable active termite bond
• Included is a 50X150 cleared and fenced lot located at 332 Love Street
Located at 237 Broad Street this property consists of two buildings for a combined total of 16 identical two-bedroom, one-bathroom apartment units. The property provides an attractive opportunity for investors seeking stable cash flow with guaranteed rents from Section 8 and low vacancy. Convenient access to major retailers, roadways, the hospital, and a short distance from Shaw AFB enhances long-term desirability in the Sumter rental market.
Features:
• 16 Two Bedrooms | 1 Bathroom Units
• Each unit is appx. 835 square feet
• All brick buildings
• 80% of the electric panels have been updated within the last year
• 80% of appliances and dual window units have been updated within the last year
• Transferrable active termite bond
• Included is a 50X150 cleared and fenced lot located at 332 Love Street
Data Room Click Here to Access
Property Facts
| Price | $1,500,000 | Number of Properties | 2 |
| Price / SF | $112.04 / SF | Individually For Sale | 0 |
| Cap Rate | 7.97% | Total Building Size | 13,388 SF |
| Sale Type | Investment | Total Land Area | 0.22 AC |
| Status | Active |
| Price | $1,500,000 |
| Price / SF | $112.04 / SF |
| Cap Rate | 7.97% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 13,388 SF |
| Total Land Area | 0.22 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 237 Broad St, Sumter, SC 29150 | Multifamily | 13,388 SF | 1950 | - |
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Broad Street Apartments
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