Modern stovesBrand-new refrigeratorsComprehensive full plumbing overhaulAll-new cabinetryMajor electrical upgradesBrand-new kitchens
157 Old Shaw Rd presents an excellent multifamily investment opportunity featuring a 10-unit apartment complex with strong in-place occupancy and consistent rental income. The property offers investors immediate cash flow with an average monthly rent of $871.06 per unit, providing both stable income and future upside potential through continued rental growth and operational efficiencies.
The property has recently undergone extensive, high-value capital improvements designed to maximize efficiency, protect your margins, and attract premium tenants. Key modernizations include a comprehensive full plumbing overhaul and major electrical upgrades—complete with dedicated, newly added breaker boxes for every apartment. Inside the units, tenants enjoy an elevated living experience with brand-new kitchens and bathrooms, featuring all-new cabinetry, brand-new refrigerators, and modern stoves.
This asset is well-positioned for investors seeking a professionally maintained multifamily property in a growing rental market. The unit mix and steady tenant demand make this an attractive addition to any investment portfolio, whether for a seasoned operator or first-time multifamily investor.
The property represents a successful, completed value-add project. Since acquisition, ownership has implemented a comprehensive operational turnaround, rectifying previous management inefficiencies and optimizing the tenant base. The current list price reflects the property’s successful transition from an under-performing asset to a fully stabilized, high-yield investment.
Financial information, including income and expense figures, has been provided by the property owner. Buyers are encouraged to conduct their own independent due diligence and verification of all financials and property information.
Contact listing agent for additional details, rent roll, and financial package.
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Zillow last checked:
Listing updated:
Listed by:
KENDRA LANCASTER,
TOWNSEND COMMERCIAL
Source: LPRMLS,MLS#: 765763Originating MLS: Longleaf Pine Realtors
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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