For Sale
$2,800,000
1045 Meadow DrLancaster, SC 29720
32-unit apartment building, Lancaster, SC
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 113
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
1045 Meadow Dr, Lancaster, South Carolina
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