Sunflower Place – 84 Units

SOLD

Joshua Scango Joshua@Waterstonemfg.com 704-668-6361

John Bergin, CCIM John@Waterstonemfg.com 704-804-3342

Waterstone Multi-Family Group is pleased to present Sunflower Place Apartments; an 84 unit complex built in 1969 and located in Dillon, South Carolina. Dillon, located directly off I-95 between Lumberton, NC & Florence, SC, offers several manufacturing employers such as Purdue, Harbor Freight and Wyman-Gorman.

The latest and largest economic victory for Dillon County is that it has been chosen as the site for the new Inland Port. The Phase I logistic center featuring Class A warehouse space will begin construction in the beginning of the 3rd quarter of 2019 and completed in 2020. Phase II is proposed on a close-by site, which allows for the construction of multiple build-to-suit buildings with up to 1.5 million square feet in additional development capacity. Click on link below.

Speculative Logistics Center Coming Near Dillon Inland Port

In April of 2019, Perdue Farms has announced the completion of a $25 million expansion at its harvest operation in Dillon County, SC, creating 100 additional jobs.  Click on link below.

Perdue Farms Creating 100 Jobs in South Carolina

Sunflower Place Apartments is a Value-Add opportunity and offers a broad mix of spacious units (1-4 bedrooms). Since January 2019, 14 units have been renovated and are receiving an average rental increase of $60 per unit (see rent roll).

Key Facts:

  • Renovations:  Proven plan in place for rental increase
  • Laundry room-6 washers 6 Dryers
  • 12 buildings
  • Additional acre of land for development or other use

CLICK HERE TO DOWNLOAD OFFERING MATERIALS

Other

  • Address: 1602 McNeil Street Dillon, South Carolina 
  • Area: Dillon, SC 
  • Number of Units: 84 
  • Year Built: 1969 
  • Acres: 8.2