For Sale
$2,800,000
1045 Meadow Dr Lancaster, SC 29720
32-unit apartment building, Lancaster, SC
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 138
Highlights
- 32 two-bedroom units, each 800 square feet.
- Significant rental upside: $250+ increase potential for classic units, $100+ for renovated units.
- $200,000+ in recent capital expenditures, including 17 unit renovations and property improvements.
- Strong value-add platform for continued rent growth.
- Excellent location near major amenities: Chick-fil-A, Walmart, Lancaster Square Shopping Center, USC Lancaster, MUSC Lancaster Medical Center, and downtown Lancaster.
- High-growth market: Lancaster County is the fastest-growing county in the Charlotte MSA and 4th fastest in South Carolina, with projected 30% growth by 2030.
Property Details for 1045 Meadow Dr
- Property type
- Apartment buildings
- Class
- B
- Year Built
- 1969
- Buildings
- 5
- Stories
- 2
- Lot Size (sq. ft)
- 112,820 SF
- Units
- 32
Location Insight
- City
- Lancaster
- County
- Lancaster
- State
- South Carolina
- Latitude
- 34.720222178168
- Longitude
- -80.797255597593
Nearby Similar for Sale
FAQs
- What type of property is this?
- Apartment building - 32-unit apartment building, Lancaster, SC
- Where is the apartment building located?
- The property is located at 1045 Meadow Dr Lancaster, SC.
- What is the asking price?
- The asking price for this property is $2,800,000.
- What are key features of this property?
- This property features: 32 two-bedroom units, each 800 square feet.; Significant rental upside: $250+ increase potential for classic units, $100+ for renovated units.; $200,000+ in recent capital expenditures, including 17 unit renovations and property improvements.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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