About this property
Waterstone Multi-Family Group is pleased to present Sanders and Parrott Apartments, a 32-unit portfolio located on two separate parcels in Darlington, SC. Sanders, built in 1966, is 1 building that consists of 16 units. Parrott, built in 1967, is 2 buildings that includes 16 units. Each unit in both complexes includes the luxury of a washer and dryer. The utilities are also separately metered for both Sanders and Parrott. Rents are below the market average for both, giving the opportunity for investors to increase income and enjoy the value-add benefit.
Both properties are conventional housing, featuring brand new roofs on Sanders and occupancy is stabilized at approximately 90%. Sanders and Parrott are both located less than a mile from the heart of downtown Darlington and less than 20 minutes from the headquarters district for Sonoco, Georgia Pacific, Nucor as well as other manufacturing plants.
Darlington, located at the intersection of Highway 401 and Highway 52, is best known for one of the oldest Nascar venues in the country, Darlington Raceway, which hosts the annual Nascar Southern 500 race. The town is located 10 miles northwest of Florence and 76 miles northeast of the state capital, Columbia.