The Flats @ 915 — Sale in Sumter, SC

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Sumter, SC 29150

Photos

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Investment Figures

Cap rate
7.67%

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 The Flats @ 915, a 100-unit multifamily community strategically positioned in Sumter, South Carolina, a market defined by durable, diversified demand and a constrained competitive supply pipeline. The opportunity is to acquire an improved multifamily community, where the heavy lifting has already been done, that produces steady and consistent cash flow. The Flats @ 915 has undergone a comprehensive capital improvement program, including a brand-new roof and parking lot and refreshed exteriors enhancing the asset's curb appeal. Inside, units feature new flooring, modern appliances, refinished cabinetry, updated fixtures, and select bathroom upgrades. The property is currently 92% leased, with two units coming online soon after full interior renovations. With a diverse mix of one, two, and three-bedroom floor plans, the property is well-suited to capture a broad cross-section of Sumter's renter base. Sumter offers investors a compelling combination of affordability, economic diversity, and limited new supply: Shaw Air Force Base — a major, globally deployable combat installation anchoring a stable base of military and civilian employment Continental Tire — a growing manufacturing presence, with a planned expansion from 1,200 to 1,650 employees by 2030 Prisma Health Tuomey — the primary hospital system serving Sumter County, anchoring a resilient healthcare employment base Beyond its own economic engines, Sumter's proximity to Columbia and major transportation corridors gives residents and employers access to the broader Midlands economy — without the pricing pressure of a larger metro. Investment Highlights: • 100-Unit Multifamily Community — Diverse one-, two-, and three-bedroom floor plans serving a broad renter base; currently 92% leased with two fully renovated units coming on-line soon • Recent Capital Improvements — Significant exterior improvements and interior updates have enhanced curb appeal, unit quality, and reside

Market Context

This multifamily in Sumter, SC is listed for sale. It is offered at an approximate 7.7% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Sumter, SC — view the full market.

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