TEN-X AUCTION: May 18-20
Waterstone Multi-Family Group is pleased to present the Hampton Place Apartments, a 48-unit complex located in Kingstree, SC.
Hampton Place (prev: Interfaith Apartments) is located in the small town nestled under majestic oaks in eastern South Carolina. It lies at an equal distance between Columbia, Charleston and Myrtle Beach markets. The market is tertiary by nature and is the seat of the local county government. The property is directly adjacent to the local school, just three minutes from downtown, three minutes from Williamsburg Hospital, four minutes from the nearest college, and five minutes from the shopping center. Both the property and tenant profile are targeted toward the workforce housing market segment and is centrally located to serve them. The current owner has initiated some minor renovations of both the interior and exterior of the units and the overall property. The Property comes with a laundry facility and a small on-site office along with a playground area.
The Property is primed for a rehab and reposition as demographic trending and overall growth rates in the south have been on an upward trajectory for the preceding decade. With a noticeable outside rehab and interior updates, this property can become an outstanding investment and performer.
- Address: 825 Tomlinson Street Kingstree, South Carolina
- Area: Kingstree
- Number of Units: 48
- Year Built: 1970
- Acres: 4