Lift Homes Apartments | 43 Birnie Cir
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Lift Homes Apartments 43 Birnie Cir
72 Unit Apartment Building $3,100,000 ($43,056/Unit) Sumter, SC 29150
Investment Highlights
- Renovating unit interiors and bringing all rents to levels in line with the rest of the market will increase GPR by 16.14%
- Unit renovations offers opportunity for all white appliances, new cabinetry, new countertops, and modern hardware
- An investment of $6,000 per unit to improve unit interiors yields a total ROI of 15%
Executive Summary
• Lift Homes offers the next investor an incredible basis play well below replacement cost in a growing market fueled by the growth of large employers like Shaw Airforce Base and Palmetto Healthcare
• Significant capital improvements have already been made; including but not limited to: new flooring, cabinetry and appliance replacements in almost all of the units
• At just $521/unit on in-place rents, Lift Homes offers the next investor considerable room to grow rents up to meet and exceed market comparables
• Significant capital improvements have already been made; including but not limited to: new flooring, cabinetry and appliance replacements in almost all of the units
• At just $521/unit on in-place rents, Lift Homes offers the next investor considerable room to grow rents up to meet and exceed market comparables
Property Facts
| Price | $3,100,000 | Building Class | C |
| Price Per Unit | $43,056 | Lot Size | 8.70 AC |
| Sale Type | Investment | Building Size | 46,250 SF |
| No. Units | 72 | Average Occupancy | 99% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1950 |
| Apartment Style | Garden | Opportunity Zone |
Yes
|
| Price | $3,100,000 |
| Price Per Unit | $43,056 |
| Sale Type | Investment |
| No. Units | 72 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 8.70 AC |
| Building Size | 46,250 SF |
| Average Occupancy | 99% |
| No. Stories | 1 |
| Year Built | 1950 |
| Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
- Heating
- Tile Floors
- Kitchen
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 72 | - | 625 |
1 of 1
PROPERTY TAXES
| Parcel Number | 227-03-02-005 | Improvements Assessment | $67,230 |
| Land Assessment | $6,260 | Total Assessment | $73,490 |
PROPERTY TAXES
Parcel Number
227-03-02-005
Land Assessment
$6,260
Improvements Assessment
$67,230
Total Assessment
$73,490
zoning
| Zoning Code | RMF |
| RMF |
1 of 2
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Lift Homes Apartments | 43 Birnie Cir
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.