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    927 Lemacks St Walterboro, SC 29488

    For Sale
    $399,999

    8-Unit Apartment Building, High Potential

    Property size:
    5,168 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional value-add investment opportunity presents a rare chance to acquire a multifamily property in Walterboro, South Carolina. The property, located at 927 N Lemacks St, comprises two buildings situated on a 0.49-acre lot. The main structure is a two-story, Class C apartment building constructed in 1975, offering a total of eight units. Seven of these units are one-bedroom, one-bathroom apartments, ideal for rental income generation. A significant advantage is the recently installed (2023) roof, eliminating a substantial upfront expense. In addition to the apartment building, the property includes a separate two-bedroom, one-bathroom single-family home, presenting further potential for renovation and rental income or resale. The entire property presents a significant opportunity for an investor seeking to add value through renovations and capitalize on the growing Walterboro market. The property's 5,168 square feet and eight units offer substantial potential for increased rental income following improvements. The property's APN is 1630800175. This is a compelling investment for those seeking a hands-on project with considerable upside. The asking price is $399,999.

    Property Features for 927 Lemacks St

    General Information

    Property type
    Multifamily properties
    Square Feet
    5,168 SF
    Class
    C
    Lot Size
    21,344 SF

    Building Details

    Year Built
    1975
    Buildings
    2
    Stories
    2
    Units
    8

    HighLights

    • Value‑Add Opportunity
    • Significant Renovation Needed
    • Handyman Special, Potential for High ROI
    • Buyer's Agent Commission Offered
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Walterboro
    County
    Colleton
    State
    South Carolina
    Longitude
    -80.654174
    Latitude
    32.910081

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    FAQs

    What type of property is this?
    Multifamily property - 8-Unit Apartment Building, High Potential
    Where is this multifamily property located?
    The property is located at 927 Lemacks St Walterboro, SC.
    What is the asking price?
    The asking price for this property is $399,999.
    What are key features of this property?
    This property features: Value-Add Opportunity; Significant Renovation Needed; Handyman Special, Potential for High ROI
    Request Owner's contact information
    927 Lemacks St Walterboro, SC 29488
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    Walterboro, SC 29488
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    927 Lemacks St Walterboro, SC 29488
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