21 Middleton BlvdWilliamston, SC 29697

Property Details for 21 Middleton Blvd

Year built

2001

Lot size

1.78 AC

Property size (Sq ft)

6,389 SF

Property type

Investment properties

Property subtype

Live-work space

APN

244-00-14-006

APU

2440014006

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,543,070

  6.5%

  $1,424,372

  7%

  $1,322,631

• Comparable approach

  Method

  Valuation

  Relative Method

  $526,006

  Geo Method

  $526,006

• Alternative Use

  Use

  Valuation

  Residential

  $1,766,221

  Hospitality

  $1,617,849

  Educational

  $1,346,031

  Medical

  $1,392,323

  Retail

  $2,093,826

Location Insight

City

Williamston

County

Anderson

State

South Carolina

Latitude

34.6277

Longitude

-82.4771

CBSA code

24860

CBSA name

GREENVILLE-ANDERSON, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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