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28988581
28988588

913 Prestwood Dr, Hartsville, SC 29550 For Sale

Choice Realty
Listed by Choice Realty
$849,000
210 days on market
Updated 17 days ago

Lakeshore Arms Apartments

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,000
Units 8
Cap Rate 10.77%
NOI $91,460
Occupancy 100%
Pro-Forma Cap Rate 12.72%
Pro-Forma NOI $108,000
Price per SqFt $170
Class B
Year Renovated 2000
Buildings 1
Stories 2
Investment Type Stabilized

Multifamily | 10.77% CAP

Marketing description

Lakeshore Arms Apartments is a well-maintained, income-producing multifamily property consisting of one building with 8 fully furnished and equipped 1-bedroom/1-bath units. The sale includes all FF&E and personal property necessary for a true turnkey short-term or flexible-term rental operation, including appliances, beds, flat-screen TVs, furnishings, linens, décor, kitchenware, and smallwares. This proven revenue producer generates over $138,000 in gross annual income. Additional financial and operational details available upon request. The property offers room to increase rents by an 25-30%. This investment is ideal for both new and seasoned investors and a great way to get into this lucrative short-term rental investment property. Owner is a licensed real estate agent.

The property has historically attracted a strong, diverse, and repeat tenant base.

Lakeshore Arms is located in a quiet, highly coveted Prestwood neighborhood, directly across from Prestwood Lake, adjacent to a well-recognized Montessori school, and just 2 minutes drive from Hartsville’s thriving downtown with restaurants and shopping. With very limited short-term rental inventory in Hartsville where most rentals are unfurnished and leased on one-year terms, this furnished, flexible-term property is uniquely positioned to capture unmet demand and deliver strong, reliable income.

UPDATE: Two apartments are increasing monthly rents with new rental commitments. Apt F is now $1550 and Apt. A was recently increased over 30% upon turnover to $1700. Inquire for details. Plug $1650 monthly into your pro formas. If you live nearby, come see the property and we will set up a time to see a unit or two. Total rents per month are now $11,500.

Buyers/Investors: Please email documented verifiable Proof of Funds (no screenshots please) and/or a lender letter indicating buyer qualifications with a signed Contract (no LOIs). Please use discretion: Feel free to drive by the property, but do not roam around on the property or talk to the residents. Extensive photos have been taken and are made part of this listing. Listing Broker must attend all site visits and all property showings are by appointment only with a 72-hour notice to show. Only serious buyers who have lender pre-approval or documented proof of funds will be shown 1-2 units. Additional info provided during Due Diligence. See Brochure in documents file. NO owner financing. Owner is a licensed real estate agent. Email all contracts with POF or lender letter to [email protected]. Call/text w/questions: 843-991-4848.

Investment highlights

  • Rents Continue to Increase--See updated brochure for 2026
  • Well Maintained, ideal for new and seasoned investors
  • All FF&E and turnkey contents to convey
  • Located adjacent to Hartsville’s largest employer
  • Room to Increase Rents 20-30%
  • Strong, reliable income-producing property

Listing Contacts

Choice Realty
Listed by Choice Realty

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$91,460.00
$7,621.67/mo

Valuation Metrics

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DSCR
10.77%
Cap Rate
10.77%
ROI

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