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Red Rose Apartments 1041 W Meadow Dr Immeuble residentiel 32 lots 2 238 756 € (69 961 €/Lot) Taux de capitalisation 6,76 % Lancaster, SC 29720
Certaines informations ont été traduites automatiquement.
Informations principales sur l'investissement
- 100% Updated Units: All 32 units updated: 25 cosmetically upgraded and 7 fully renovated with new kitchens, appliances, and flooring.
- Multiple Value-Add Levers: Rent growth, water billback on 16 units, flood zone reassessment, and potential tax abatement upside.
- Lancaster County Employment: Anchored by Nutramax Laboratories, Continental Tire, Movement Mortgage, and Founders Federal Credit Union.
- $275K Recent Capex: $275,000 invested in crawl space work, electrical, plumbing, and minor roof repairs across the property.
- Charlotte MSA Location: Approximately 40 miles south of Charlotte in the fast-growing Charlotte-Concord-Gastonia MSA.
Résumé analytique
Marcus & Millichap is pleased to present Red Rose Apartments, a 32-unit multifamily community located in Lancaster, South Carolina. The property is comprised entirely of two-bedroom, one-bathroom floorplans, delivering a uniform unit mix and consistent operating profile.
All 32 units have been updated: 25 cosmetically upgraded and 7 fully renovated with modernized kitchens, updated appliances, and new flooring. An additional $275,000 has been invested in capital improvements, including crawl space work, electrical and plumbing updates, and minor roof repairs, with the roof approximately 15 years old and in good condition. Half the units feature central HVAC while the remaining 16 utilize window units and baseboard heat, replaced as needed. Red Rose presents a stabilized asset with meaningful rent growth already achieved and further upside through bringing rents to market, water utility billback implementation on the remaining 16 units, potential tax abatement, and flood zone reassessment that could reduce insurance costs.
Lancaster, South Carolina sits approximately 40 miles south of Charlotte within the Charlotte-Concord-Gastonia MSA, one of the fastest-growing metros in the Southeast, with Lancaster County ranking among the Charlotte Region’s fastest-growing counties. The Lancaster County economy is anchored by major corporate presences including Nutramax Laboratories, Continental Tire of the Americas, Movement Mortgage, Red Ventures, and Founders Federal Credit Union, supporting steady rental demand and continued rooftop growth.
All 32 units have been updated: 25 cosmetically upgraded and 7 fully renovated with modernized kitchens, updated appliances, and new flooring. An additional $275,000 has been invested in capital improvements, including crawl space work, electrical and plumbing updates, and minor roof repairs, with the roof approximately 15 years old and in good condition. Half the units feature central HVAC while the remaining 16 utilize window units and baseboard heat, replaced as needed. Red Rose presents a stabilized asset with meaningful rent growth already achieved and further upside through bringing rents to market, water utility billback implementation on the remaining 16 units, potential tax abatement, and flood zone reassessment that could reduce insurance costs.
Lancaster, South Carolina sits approximately 40 miles south of Charlotte within the Charlotte-Concord-Gastonia MSA, one of the fastest-growing metros in the Southeast, with Lancaster County ranking among the Charlotte Region’s fastest-growing counties. The Lancaster County economy is anchored by major corporate presences including Nutramax Laboratories, Continental Tire of the Americas, Movement Mortgage, Red Ventures, and Founders Federal Credit Union, supporting steady rental demand and continued rooftop growth.
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- Offering Memorandum
- Operating and Financials
Informations sur l’immeuble
| Prix | 2 238 756 € | Style d’appartement | Avec jardin |
| Prix par lot | 69 961 € | Classe d’immeuble | C |
| Type de vente | Investissement | Surface du lot | 1,05 ha |
| Taux de capitalisation | 6,76 % | Surface de l’immeuble | 2 448 m² |
| Nb de lots | 32 | Nb d’étages | 2 |
| Type de bien | Immeuble residentiel | Année de construction | 1969 |
| Sous-type de bien | Appartement | ||
| Zonage | CITY | ||
| Prix | 2 238 756 € |
| Prix par lot | 69 961 € |
| Type de vente | Investissement |
| Taux de capitalisation | 6,76 % |
| Nb de lots | 32 |
| Type de bien | Immeuble residentiel |
| Sous-type de bien | Appartement |
| Style d’appartement | Avec jardin |
| Classe d’immeuble | C |
| Surface du lot | 1,05 ha |
| Surface de l’immeuble | 2 448 m² |
| Nb d’étages | 2 |
| Année de construction | 1969 |
| Zonage | CITY |
Lot informations sur la combinaison
| Description | Nb de lots | Moy. loyer/mois | m² |
|---|---|---|---|
| 2+1 | 32 | - | 74 |
1 1
Assez praticable à pied
40/100
Exceptionnellement adapté aux voitures
100/100
Assez praticable en vélo
20/100
Taxes foncières
| Numéro de parcelle | 0067N-0D-014.00 | Évaluation des aménagements | 68 625 € |
| Évaluation du terrain | 19 229 € | Évaluation totale | 87 854 € |
Taxes foncières
Numéro de parcelle
0067N-0D-014.00
Évaluation du terrain
19 229 €
Évaluation des aménagements
68 625 €
Évaluation totale
87 854 €
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Red Rose Apartments | 1041 W Meadow Dr
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