Projected IRR
46%
Projected Hold
3 Years
Year Acquired
2024
This 119-unit asset is located in Columbia, South Carolina - the state's capital city and one of the fastest growing areas in the Southeast. Built in 1974, this property has a mix of 1BR, 2BR, and 3BR units and provides a spacious living opportunity for tenants in the surrounding communities. With the exteriors in decent condition, we'll make necessary repairs to include roof replacement, along with fresh paint to enhance the aesthetics of this property. With our standard interior renovations to include new LVP flooring, stainless steel appliances, and granite countertops - we're confident that these units will be among the nicest in the area.
This complex was purchased in December 2024 at a strong cost basis of $59K/unit from a very motivated seller.
741 Merritt Capital Dr. Ste 104
Wake Forest, NC 27587
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