Serenity at Three Rivers

Posted: 7/12/2017
SOLD
415 Units
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Serenity at Three Rivers
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Serenity at Three Rivers
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Serenity at Three Rivers
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Serenity at Three Rivers
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Serenity at Three Rivers
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Serenity at Three Rivers
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Serenity at Three Rivers

About

About Serenity at Three Rivers

The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 415-unit Serenity at Three Rivers apartment community in West Columbia, SC. Built in 1968 - 1974, Serenity at Three Rivers is ideally located just 2 miles west of Downtown Columbia, providing convenient access to major employment centers in both Richland and Lexington counties. The property is finalizing a $5.0 Million CapEx program focused on capital preservation and has fully upgraded eight units that are obtaining $100 - $145 rent premiums on average. In addition, the newly stabilized property offers tremendous organic upside as current rents are $262 below the submarket average. With a comprehensive value-add program bringing rents up to submarket averages, Serenity at Three Rivers would post an additional $1.3 Million in annual NOI.