Property profile

43 Birnie Cir Sumter, SC 29150

OFF-MARKET
Residential income homes
Built 1950
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Residential income homes
Year built 1950

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Apartment Building

Location

43 Birnie Cir Sumter, SC 29150
Sumter metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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