Off Market apartments and condos Rock HIll near Charlotte

[Jonathan Kessler]

Off market multi family in Rock Hill. Can be purchased individually or as a bundle.  Have additional units not posted on this page as well as a handful of condos near by run the same way. email [email protected] for details, additional properties and numbers. No need to reply to this. Email for questions. Please do not disturb property management or tenants. 

• Diplomat Studios located on Riverview Road in Rock Hill, SC
• 1 Building totaling 16 studio apartments
• $945,000 ($59,000/unit)
• 9.5% cap at $725/mo rents
• Market rent is $775-800/mo with tenants paying own utilities. Formerly rented as all-inclusive MTM at $900/mo ($30/day).
• Conveniently located on Riverview Road in Rock Hill, SC just off I-77 and the Celanese and Cherry Rd main retail corridors. High demand rental market with increasing rents and 3% total market vacancy.

Monthly Potential	$11,600
Annual GPR	$139,200
Vacancy (1 unit)	$8,700
Rental Income	$130,500
Management (8%)	$10,440
Taxes	$12,800
Insurance	$2,400
Grounds	$2,400
Repairs/ Supplies	$9,600
Admin/ Misc	$3,000
Total Expenses	$40,640
NOI	$89,860
9.5% Cap	$945,000

Riverview

• Riverview Studios located on Riverview Road in Rock Hill, SC
• 3 Quads totaling 12 large studio apartments
• $750,000 ($250,000/quad, $62,500/unit)
• 9.5% cap at $800/mo rents
• Market rent is $850-900/mo with tenants paying own utilities. Formerly rented as all-inclusive MTM at $900/mo ($30/day).
• Contiguous to The Diplomat studios (16 units also available).
• Conveniently located on Riverview Road in Rock Hill, SC just off I-77 and the Celanese and Cherry Rd main retail corridors.
• High demand rental market (45% of population are renters) with increasing market rents and limited supply (3% total market vacancy).

Monthly Potential	$9,600
Annual GPR	$115,200
Vacancy (1 unit)	$9,600
Rental Income	$105,600
Management	$8,448
Taxes	$11,127
Insurance	$2,400
Grounds	$2,400
Repairs/ Supplies	$7,800
Admin/ Misc	$2,100
Total Expenses	$34,275
NOI	$71,325
9.5% Cap	$750,000