0 Beds

23 Full baths

18,000 SqFt

Active

Don't miss this amazing investment opportunity! With estimated ARV $3.5 million, this is an incredible opportunity for student housing! Located only 0.2 miles from the University of SC Union, in the heart of charming Union Downtown Historic District. Current owners have navigated the rezoning process and been granted approval to renovate the property into student housing, including approved architectural plans! Everything has been designed, including the structure, electrical, lighting, and furniture, all that is needed is an investor to take the project through to completion. Great potential to turn this historic building into spacious, comfortable, secure, and popular student housing accommodations. Buyer can choose to purchase the property as-is, or current owner will complete the project and turn over a turnkey complex. Income potential with estimated $2.3 million total investment cost: CAP 7.6% NOI $179,000 Cash on Cash 10.15% IRR 18.31%

Property Details
Price $1,350,000
Full Baths 23
Lot Size 42x90x108x112
Lot Size Area 0.25
Lot Size Area Units Acres
Property Type MultiFamily
MLS Sub type Multi-Family
Year Built 1900
Heating See Remarks
Foundation Slab
Lot Description Level
Laundry Features Other
Parking Description Parking Space - 4+
Geographic Data
County Union
Latitude 34.716695
Longitude -81.622517
Address Information
Address 220 N Gadberry Road, Union, SC 29379
Postal Code 29379
City Union
State SC
Country United States
Listing Information
Listing Office Keller Williams Connected
Listing Office Phone 803-835-2300
Listing Agent Ola van Zyl
Listing Agent Phone 843-666-5250
Special listing conditions None
Virtual Tour URL https://www.youtube.com/embed/VUETYYFiESI
School Information
Elementary School Unspecified
Middle School Unspecified
High School Unspecified
MLS Information
Days on market 17
MLS Status Active
Listing Date Nov 17, 2022
Listing Last Modified Dec 4, 2022
Tax ID 073-12-12-003 099
MLS # CAR3923293

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This information is believed to be accurate, but without any warranty.