Carrington Townhomes – 68 Units

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
• HVACs
• Plumbing
• Roof upgrades
• Updated common area
• Appliances
• 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.

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