Residences on 14th — Sale in Hartsville, SC

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Hartsville, SC 29550

Photos

Residences on 14th — Sale in Hartsville, SC, photo 1 of 2
Residences on 14th — Sale in Hartsville, SC, photo 2 of 2

Investment Figures

Cap rate
6.74%

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 Residences on 14th, a 72-unit multifamily community in Hartsville, South Carolina, offering investors a recently renovated, well-located asset with a rare uniform unit mix and a durable, blue-chip employer base anchoring long-term rental demand. Built in 1980 on 4.88 acres, the property consists exclusively of two-bedroom, one-bathroom units — a consistent product type that simplifies management and appeals to a broad renter base. Washer/dryer hookups and individual water/electric metering in every unit support lower, more predictable operating costs. Ownership has already completed the major capital work — new roofs, a full exterior repaint, ~90% HVAC replacement, and refreshed interiors — retiring most near-term capex risk while leaving room for further upside through continued unit turns and operational improvements. The location adds further support: less than a mile from grocery, two miles from downtown historic Hartsville and Coker College, and home to the world headquarters of Sonoco Products Company, a Fortune 500 packaging leader anchoring local employment. Investment Highlights: • 72 units, 100% two-bedroom/one-bathroom floor plans — a rare uniform mix that simplifies operations and marketing • Built in 1980 on 4.88 acres • Washer/dryer hookups in every unit • Individually metered for water and electric, shifting utility costs to residents • New roofs across the community • Newly painted exterior • Approximately 90% of HVAC systems replaced • Refreshed unit interiors throughout

Market Context

This multifamily in Hartsville, SC is listed for sale. It is offered at an approximate 6.7% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Hartsville, SC — view the full market.

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