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
Leaflet | © OpenStreetMap contributors

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1045 Meadow Dr
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