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Don't miss this amazing investment opportunity! With estimated ARV $3.5 million, this is an incredible opportunity for student housing! Located only 0.2 miles from the University of SC Union, in the heart of charming Union Downtown Historic District. Current owners have navigated the rezoning process and been granted approval to renovate the property into student housing, including approved architectural plans! Everything has been designed, including the structure, electrical, lighting, and furniture, all that is needed is an investor to take the project through to completion. Great potential to turn this historic building into spacious, comfortable, secure, and popular student housing accommodations. Buyer can choose to purchase the property as-is, or current owner will complete the project and turn over a turnkey complex. Income potential with estimated $2.3 million total investment cost: CAP 7.6% NOI $179,000 Cash on Cash 10.15% IRR 18.31%

Property Details of 220 N Gadberry Road

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Listed by Mike Morrell and Ola van Zyl of Keller Williams Connected

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