Carrington Townhomes – 68 Units

CONTACTS

John Bergin 704-804-3342

Brent Kubitschek 919-429-9694

Waterstone Multi-Family Group is pleased to present the Carrington Townhomes; a 68-unit property located in Orangeburg SC. Built in 1970, the property is situated only a few miles from Interstate-26, and a few minutes from the downtown area. The owner has been actively upgrading the property, having spent over $200,000 since 2017.

Recent CapEx Improvements Include:

  • Painting interior & exterior
  • HVACs
  • Plumbing
  • Roof upgrades
  • Updated common area
  • Appliances
  • Laundry equipment

PLEASE NOTE: This is a debt-assumption deal. Current financing (paid down to a $1MM current outstanding balance) is in place. This deal presents investors with an excellent opportunity to acquire a newly-improved property cash-flowing at attractive yields with room for upside from the stabilization of the rent roll at the currently-advertised rates (see financial analysis), and conversion from property-covered utility expenses to responsibilities of each individual tenant. This property also comes with space for the immediate development of additional 8 units, as well as open acreage at the rear of the parcel.

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Other

  • Address: 901 Corona Drive Orangeburg, South Carolina 
  • Area: Orangeburg 
  • Number of Units: 68 
  • Year Built: 1970 
  • Acres: 6.13