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Carrington Townhomes – 68 Units

901 Corona Drive


29115

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Property Id : 30101
Rooms: 0
Bedrooms: 0
Bathrooms: 0

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
  • 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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John Bergin

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