Rock Hill Apartments

[Jonathan Kessler]

Off Market will go on market in less than a month. Properties close drive to Charlotte or Greenville.   Email [email protected]

• Conveniently located on and around Riverview Road in Rock Hill, SC just off I-77 and the Celanese and Cherry Rd main retail corridors.
• Several of the properties are contiguous and/or within 1 mile of central property. One complex with 4 condos, Eagle’s Landing, is just outside this radius (2.5 miles).
• High demand rental market (45% of population are renters) with increasing rents and 3% total market vacancy.
• Portfolio can be combined many different ways great for accommodating a 1031. Any combination from 4 to 47 units and $300 up to $3mm.
• Formerly ran as MTM all-inclusive rentals with $30-42/daily rates. In process of transitioning to conventional market rate.
• Blended Pro-Forma 9% cap rate combined.
• Individual properties range from 8-9.5% cap rate.
• Conservative recent appraisals totaling $3,060,000.

Email [email protected]