Baker Street Apartments — Sale in Whitmire, SC

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Whitmire, SC 29178

Photos

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Investment Figures

Cap rate
6.97%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present Baker Street Apartments, a 20-unit multifamily community located in Whitmire, South Carolina. Originally built in 1977, the property is situated on 3.21 acres and comprises a mix of two-bedroom and three-bedroom floorplans. The property benefits from recent capital investment with a new roof installed across the community in 2021, materially reducing near-term exterior capital exposure for a new owner. The property presents a light value-add opportunity, with room for incremental rent growth through cosmetic interior upgrades and improved operational efficiencies. Whitmire is a historic town in Newberry County along the Enoree River, nicknamed the “Pearl of the Piedmont.” The broader Newberry County anchors South Carolina’s Midlands region along the I-26 corridor between Columbia and Greenville, with a diversified economy across advanced manufacturing, healthcare, and education. Major regional employers include Samsung Electronics Home Appliances ($380M plant), Kraft Heinz, Kiswire, West Fraser, Newberry College, and Newberry County Memorial Hospital, supporting a labor force of over 500,000 within a 60-minute drive of the county. Investment Highlights: • 2021 New Roof: New roof installed across the community in 2021, materially reducing near-term exterior capital exposure for a new owner. • Light Value-Add Runway: Opportunity to capture incremental rent growth through cosmetic interior upgrades and improved operational efficiencies. • 2BR + 3BR Unit Mix: Mix of two-bedroom and three-bedroom floorplans supporting a broad tenant base. • Whitmire / Newberry County: Positioned in Whitmire, a historic Newberry County town along the Enoree River in South Carolina's Midlands region. • Newberry County Employment Base: Anchored by Samsung Electronics, Kraft Heinz, Kiswire, West Fraser, Newberry College, and Newberry County Memorial Hospital. • I-26 Corridor Region: Newberry County sits between Columbia and Greenville along I-26 with

Market Context

This multifamily in Whitmire, SC is listed for sale. It is offered at an approximate 7.0% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Whitmire, SC — view the full market.

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