1004 Mineral Cir
Property Description
Springcreek Apartments presents a unique opportunity to acquire a 60-unit multifamily apartment community in Sumter, South Carolina. Built in 2007, the property is being offered through the Qualified Contract process with a Qualified Contract Price of $8,809,770. The offering provides investors with the opportunity to acquire an established multifamily community with immediate scale in the Sumter market. As a Low-Income Housing Tax Credit (LIHTC) property offered through the Qualified Contract process, prospective purchasers should independently review all applicable affordability requirements, regulatory agreements, and Qualified Contract provisions associated with the property. Springcreek Apartments benefits from its location in Sumter, an established regional employment center anchored by Shaw Air Force Base and supported by healthcare, government, education, manufacturing, and other commercial employers. With 60 existing units and a 2007 vintage, Springcreek Apartments represents a compelling acquisition opportunity for multifamily investors seeking an established South Carolina asset with long-term investment potential. Qualified Contract Price: $8,809,770
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $8,809,770 |
| No. of Units: | 60 |
| Year Built: | 2007 |
| Lot Size: | 10.43 Acres |
| Opportunity Zone: | No |
| Price per unit: | $146,830 |
| Property Website | Click Here |
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Josh A
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