Jan
10

Taylors, SC Apartment Complex Sold for $25,625/Unit

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Cunningham Villas, an 80 unit apartment complex located at 24 Cunningham Road in Taylors, SC has sold. According to Loopnet, the complex consists of one, two, and three bedroom units. The one bedroom units are appx. 700 square feet, two bedroom units are appx. 800 square feet, three bedroom units are appx. 875 square feet. Washer dryer connections are in select units. The property has recently had +/-60 of the units completely upgraded; including new paint, carpet, appliances and overhaul of the landscaping. It is reportedly 98% occupied.

All of the buildings are wood frame construction with hardy plank and brick siding and composite shingle roofs. Community amenities include on-site leasing office and on-site laundry facility. Cunningham Villas was built in 1980. The units are electric and use gas for heat and hot water. Unit amenities include fully equipped kitchens, spacious floorplans and storage units. Tenants are responsible for electric and gas. Water and sewer are master metered.

The purchase price was $2,050,000, or $25,625 per unit. Mark Boyce, with the National Multi Housing Group of Marcus & Millichap represented the buyer and seller.

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    Categories : Greenville

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