Bracey Square Apartments

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Projected IRR

70%

Projected Hold

1 Years

Year Acquired
2023


Located in the Sumter, SC, Bracey Square Apartments is a 40-unit complex that offers great return potential for our investors. Built in 1999, this affordable housing complex is a mix of large 2BR/1Bath and 3BR/2Bath units that have a large range of amenities (dishwasher, microwaves, stove, kitchen area, LVP flooring, etc).


Purchased in October of 2023 at an incredible cost basis of around $52K/door, this affordable housing complex had average rents in the lower $800s per unit at purchase with the ability to easily increase to closer to upper $900s per unit in quick fashion. 


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