For Sale
$3,000,000

21 Middleton Blvd Williamston, SC 29697

31-Unit Apartment Building, High Demand

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional 31-unit apartment building, located at 21A Middleton Boulevard in Williamston, South Carolina, presents a compelling investment opportunity. Built in 2002, this meticulously maintained brick complex boasts 39,666 square feet on a 1.78-acre lot (APN 244-00-14-006). The property features 12 garages, offering significant potential for increased revenue through rental or supplemental services. Currently averaging $794 per unit in rent, there's substantial upside potential, with comparable units in the area commanding $950 per month. This translates to a potential monthly rental income increase of $4,300 with professional management. The property's prime location directly across from highly-rated Palmetto Elementary, Middle, and High Schools ensures consistent demand and a stable tenant base. Williamston's thriving community, situated just 15 minutes from Greenville and Anderson, and within easy reach of major transportation arteries (I-85), offers a blend of residential, commercial, and recreational attractions. The nearby Williamston Mineral Spring Park hosts numerous annual events, further enhancing the area's appeal. This property is zoned Residential (Res) and represents a rare opportunity to acquire a well-maintained, high-potential multifamily asset in a desirable location. The current owners have provided on-site management since 2008, ensuring consistent upkeep and tenant satisfaction. This turnkey investment is priced at $3,000,000 and offers immediate returns with significant long-term growth prospects.

Highlights

  • 31-unit brick apartment complex, built in 2002, excellent condition.
  • 12 garages available for rental income.
  • Prime location across from highly-rated schools.
  • Current average rent: $794/unit, below market rate; significant upside potential.
  • Professional management could increase rents to $950/unit, adding $4,300 monthly income.

Property Details for 21 Middleton Blvd

Property type
Apartment buildings
Square Feet
39,666 SF
Year Built
2002
Lot Size (sq. ft)
77,537 SF
Units
31

Location Insight

City
Williamston
County
Anderson
State
South Carolina
Latitude
34.6277576
Longitude
-82.4771795

FAQs

What type of property is this?
Apartment building - 31-Unit Apartment Building, High Demand
Where is the apartment building located?
The property is located at 21 Middleton Blvd Williamston, SC.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: 31-unit brick apartment complex, built in 2002, excellent condition.; 12 garages available for rental income.; Prime location across from highly-rated schools.
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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21 Middleton Blvd
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