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100 Moffat Dr
Cheraw, SC 29520

Long Meadow Apartments · Residential Property For Sale · 56 Units

Investment Highlights

  • At just $25K per door, this property presents an exceptional value-add opportunity, offering a low entry price with significant upside potential
  • Current rents below market rates, there is immediate potential to raise rents to market levels, driving an instant increase in gross rental income
  • All units are in their original condition, providing a prime opportunity for renovations that can significantly enhance value
  • Oongoing development in nearby industrial parks and transportation corridors positions Cheraw for long-term economic growth

Executive Summary

Long Meadow Apartments - 56 unit investment opportunity

PROPERTY FACTS Under Contract

Price Per Unit £20,038 Building Class C
Sale Type Investment Building Size 53,852 SF
No. Units 56 Average Occupancy 100%
Property Type Residential Number of Floors 2
Property Subtype Apartment Year Built 1973
Apartment Style Garden Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Price Per Unit £20,038
Sale Type Investment
No. Units 56
Property Type Residential
Property Subtype Apartment
Apartment Style Garden
Building Class C
Building Size 53,852 SF
Average Occupancy 100%
Number of Floors 2
Year Built 1973
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Unit Amenities

  • Refrigerator
  • Oven
  • Range
  • Tub/Shower

Site Amenities

  • Laundry Facilities
  • Playground

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
1+1 24 - 696
2+1 28 - 858
3+1 4 - 988

PROPERTY TAXES

Parcel Number 259-002-002-008 Improvements Assessment £25,824
Land Assessment £2,068 Total Assessment £27,892

PROPERTY TAXES

Parcel Number
259-002-002-008
Land Assessment
£2,068
Improvements Assessment
£25,824
Total Assessment
£27,892
 

  • Listing ID: 34058689

  • Date on Market: 03/12/2024

  • Last Updated:

  • Address: 100 Moffat Dr, Cheraw, SC 29520

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