Current Use by Public Records
- Apartment buildings
Property Details for 0 Village Dr
- Lot size
- 8.99 lot acres
- Property type
- Apartment buildings
Description
This exceptional multifamily investment opportunity encompasses a 192-unit apartment building situated on an 8.99-acre lot in Chester, South Carolina. Zoned PD, this property presents a compelling chance to capitalize on the area's significant growth. Located conveniently near schools and adjacent to a recently acquired DR Horton single-family residential site, the property benefits from its proximity to expanding industry, including a Gallo Wines distribution center and a planned $1 billion winery. The strategic location offers easy access to Interstates leading to Charlotte, Columbia, and Atlanta, making it attractive to families seeking more affordable housing options outside of major urban areas. Further enhancing its appeal, the property is only 10 miles from a new state-sponsored mega industrial site on Highway 9. The site boasts readily available sewer and water connections. With 266 single-family lots under contract with a national builder nearby, this property is poised for strong rental demand and significant long-term appreciation. The asking price is $2,304,000, representing a price per unit of $12,000. This represents a rare opportunity to acquire a substantial multifamily asset in a rapidly developing market.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chester
- County
- Chester
- State
- South Carolina
- Longitude
- -81.1913
- Latitude
- 34.7186
