43 Birnie Cir Sumter, SC 29150
- Residential income homes
Current Use by Public Records
- Lift Homes / Apartment Building
Property Details for 43 Birnie Cir
- Year built
- 1950
- Property type
- Residential income homes
Description
This exceptional 73-unit multifamily investment opportunity is located at 43 Birnie Cir, Sumter, SC 29150. Built in 1950, this single-family rental portfolio presents a compelling value proposition. The asking price is $3,200,000. Significant capital improvements have already been implemented, encompassing new flooring, cabinetry, and appliance upgrades in nearly all units. Currently generating $521 per unit in in-place rent, this property offers substantial potential for rental growth, exceeding market comparables. Situated in Sumter, SC, a top 10 best place to live in South Carolina, this property benefits from a robust local economy driven by major employers such as Shaw Air Force Base (the largest F-16 combat wing, creating approximately 17,000 jobs and 8,200 service jobs) and Palmetto Healthcare. Sumter's population is 105,537, with a total labor force of 46,400. The property's location is approximately 25 minutes from Columbia, SC, and is near 7 colleges and universities. The property's APN is 227-03-02-005. Seller financing is available, making this an attractive investment opportunity for discerning buyers. This portfolio presents a strong basis play well below replacement cost in a growing market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Sumter
- County
- Sumter
- State
- South Carolina
- Longitude
- -80.3564
- Latitude
- 33.9133
