See all 38 photos
38 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$9,000,000
Est. payment /mo
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 31006241
Year Built 1981
Property Sub-Type Multi Family
Property Description
Lake Hartwell Villas - Opportunity to acquire 86 units - Calling for offers by June 13Seize the chance to acquire 86 units in a prime location nestled in the scenic foothills of the Appalachian Mountains. Perfectly positioned just off I-85, this property offers unparalleled access to major hubs including Clemson University, Charlotte, and Atlanta. Whether you're seeking a long-term rental portfolio, Airbnb potential, or individual condo sales, this investment delivers flexible exit strategies in a rapidly growing market. Units being renovated in 4 phases- phases 2,3, and 4 contain remaining units. Property OverviewLocation: Westminster, SCProperty sits on 45+ AcresUnit Mix: 2 Bed / 2 Bath Condos (~1,029 SF each)Current Offering: 86 Units (with flexibility to acquire more or less)Pro Forma Monthly Rental Income: $122,760Stabilized CAP Rate: 7.77%Long Term Market Rents: $1,395/month (parking included)Strategic Location10 miles from a 128,000 SF commercial development anchored by Target10 Min from 147 Acre Town Center DevelopmentNew Ryan Homes Construction indicating potential strong population growthEasy access to Clemson University, Atlanta, and CharlottePositioned in a high-growth corridor, near Anderson and Greenville, potentially ideal for long-term appreciation while cashflowingInvestment HighlightsPotentially ideal for long-term rentals, short-term/Airbnb, or condo resaleAll Units are Separately Metered for Electricity and W/S are included in the regime w/ Blueridge Electric and Tessi Water and SewerClubhouse Membership included with the regime w/ Amenities: Large Inground Pool with Hot Tub (coming soon), Picnic Area w/ Grill, Gas Fire pits, Corn hole, Horseshoes, Pool Table Gym, Meeting Rooms, Bar & Restaurant & Boat Storage at additional costs on first come basis at $50/mo**Additional Information** Sale includes the following TMS#s: 316-08-34-0001, 316-08-34-0002, 316-08-34-0003, 316-08-34-0004316-08-33-0001, 316-08-33-0002, 316-08-33-0003, 316-08-33-0004316-08-32-0001, 316-08-32-0002, 316-08-32-0003, 316-08-32-0004316-08-31-0001, 316-08-31-0002, 316-08-31-0003, 316-08-31-0004316-08-28-0001, 316-08-28-0002316-08-14-0002, 316-08-14-0001316-08-15-0001, 316-08-15-0002, 316-08-15-0003, 316-08-15-0004316-08-30-0001, 316-08-30-0002, 316-08-30-0003, 316-08-30-0004316-08-29-0001, 316-08-29-0002, 316-08-29-0003, 316-08-29-0004316-08-11-0004, 316-08-11-0003, 316-08-11-0002, 316-08-11-0001316-08-12-0004, 316-08-12-0003, 316-08-12-0002, 316-08-12-0001316-08-13-0004, 316-08-13-0003, 316-08-13-0002, 316-08-13-0001316-08-18-0001, 316-08-18-0002, 316-08-18-0003, 316-08-18-0004316-08-17-0001, 316-08-17-0002316-08-16-0001, 316-08-16-0002, 316-08-16-0003, 316-08-16-0004316-08-19-0001, 316-08-19-0002, 316-08-19-0003, 316-08-19-0004316-08-20-0002316-08-21-0001, 316-08-21-0002, 316-08-21-0003, 316-08-21-0004316-08-22-0001, 316-08-22-0002, 316-08-22-0003, 316-08-22-0004316-08-23-0001, 316-08-23-0002, 316-08-23-0003, 316-08-23-0004316-08-24-0001, 316-08-24-0002, 316-08-24-0003, 316-08-24-0004316-08-25-0001, 316-08-25-0002, 316-08-25-0003, 316-08-25-0004316-08-26-0001, 316-08-26-0002, 316-08-26-0003, 316-08-26-0004.
Location
State SC
County Oconee
Exterior
Parking Features Surface
Read Less Info
Listed by Paul Kelton • Matt O'Neill Real Estate
Get More Information
Quick Search