DOGWOOD APARTMENTS – 22 UNITS IN BEAUFORT, SC

PRICE:
$ 2,450,000
STATUS:
Off Market
ADDRESS:
2807 Waddell Rd, Beaufort, SC 29902, USA
OVERVIEW:

Deaton Investment Real Estate is pleased to present the exclusive listing for Dogwood Apartments, a 22-unit apartment community in Beaufort, SC. Beaufort is a charming city located just north of Hilton Head Island in the Lowcountry region of South Carolina. The city is primarily known for its beaches, historic architecture, natural beauty, and vibrant community. The city’s economy is primarily driven by tourism, hospitality, healthcare, and military installations such as the Marine Corps Recruit Depot Parris Island and Marine Corps Air Station Beaufort.

Built in 1987, the property consists of three buildings situated on approximately 1.25 acres and features 22 townhome-style units with identical two-bedroom, one-and-a-half bathroom floorplans. The property boasts 100% occupancy with an average in-place rent of $1,140 while recent leases have achieved $1,175 on basic turns. The property has polybutylene plumbing and copper wiring.

Southside Park, located less than 0.5 miles from the property, is a convenient amenity that the residents enjoy. The City of Beaufort recently released a “Master Plan” to make improvements to the park amounting to approximately $6M in total.

This offering represents an opportunity to acquire a stabilized asset with the ability to increase income through strategic value-add improvements.

Link To Tax Records
UNIT INFORMATION
Unit Type Size Rent
22 UNITS 2BD/1.5BA (TH) 995 SF $1,175
PROPERTY INFORMATION
PIN R120 008 000 0021 0000
Tax Value SEE PROJECTIONS
Taxes SEE PROJECTIONS
Lot Size 1.25 ACRES
Year Built 1987
Exterior BRICK, WOOD
Floors CARPET, VINYL, LVP
Foundation SLAB
HVAC CENTRAL HEAT & AIR
Utilities TENANTS PAY UTILITIES
Legal Description *ACREAGE CORRECTED BY PLAT PB 34 PAGE 126 CB 6 PG 200 9/89
Appliances RANGE, REFRIGERATOR, W/D CONNECTIONS
Zoning T4-N

Location Map

DOGWOOD APARTMENTS – 22 UNITS IN BEAUFORT, SC
Address: 2807 Waddell Rd, Beaufort, SC 29902, USA Price: $ 2,450,000 Unit: 22