901 Corona Drive
About this property
Waterstone Multi-Housing Advisors is pleased to present the Carrington Townhomes; a 68-unit property located in Orangeburg SC. Built in 1970, the property is situated only a few miles from Interstate-26, and a few minutes from the downtown area. The owner has been actively upgrading the property, having spent over $280,000 since 2017.
Recent CapEx Improvements Include:
- Painting interior & exterior
- Roof upgrades
- Updated common area
- Laundry equipment
PLEASE NOTE: This deal presents investors with an excellent opportunity to acquire a newly-improved property cash-flowing at attractive yields with room for upside from the stabilization of the rent roll at the currently-advertised rates (see financial analysis), and conversion from property-covered utility expenses to responsibilities of each individual tenant. This property also comes with space for the immediate development of additional 8 units, as well as open acreage at the rear of the parcel.