Gomberg Report >
South Carolina

Updated 7/12/2012
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Town
Property Description
Asking Price
Gross Income
Gross Multiplier
PPU
Comments
Contact Broker
Greenville
64 unit
2.235M
85% Financing Available
NOI=169K
34,921
1972 Apartment complex consists of eight 8-unit buildings situated on 6 acres. There are 60 1BR and 24 2BR units. 98% occupancy. Additionally, there is a 2BR house for property managers included in price.
Mark Hinsdale 803-279-5100
Sumter
100 unit
3.5M
85% Financing Available
NOI=312K
35,000
All brick property situated on 8.78 acres. The location has good visibility and is convenient to all major employers in the Sumter area. The property benefits from its good condition(Renovated in 2002/2003) and its unit mix of 1,2, and 3 bedrooms. The property has a cleasing office and an on site laundry facility. Revenue is stabilized by 50% of the units being leased under the HUD Section 8 program. All of these units had rent increases in April 2012.
Drew Babcock 803-678-4921