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About
About Vivo Port Royal
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 146-unit Vivo Port Royal apartment community located in rapidly growing Port Royal, SC. Bounded by the resilient industries of medical, military, and tourism, Vivo Port Royal sits less than two miles from Beaufort’s two major hospitals, the Naval Hospital Beaufort (1.5k+ jobs) and Beaufort Memorial Hospital (1.3k+ jobs). Residents at Vivo Port Royal are set to benefit from the fruitful surrounding demographics with avg. household incomes to increase 11% and eclipse $100k by 2027, a dominant white-collar workforce (62%), and a dwindling multifamily pipeline. Built in 1986 and renovated in 2022, Vivo Port Royal arrives to the market with a recent capital infusion of over $6M, including both interior and exterior renovations. Through the implementation of a Value-Add 2.0 enhancement, new ownership has the opportunity to further improve unit interiors to be able to push rents ~$215 and help bridge the rent delta to submarket competitors.
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