Multifamily Property for Sale in Longs, SC

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Longs, SC 29568

Description

Marcus & Millichap is pleased to present Colonial Garden Apartments, a newly constructed 24-unit multifamily community located in Longs, South Carolina. Built in 2023 and situated on approximately 0.89 acres, the property consists exclusively of spacious two-bedroom units, offering a highly desirable and efficient unit mix tailored to workforce housing demand. As a recently delivered asset, Colonial Garden Apartments provides investors with a true turnkey opportunity featuring modern construction, minimal deferred maintenance, and strong in-place fundamentals, positioning the asset for stable cash flow and reduced capital expenditure requirements over the near and long term. Colonial Garden Apartments benefits from its strategic location within the rapidly expanding Grand Strand region, just a short drive from Myrtle Beach, one of the Southeast’s premier coastal destinations. The Myrtle Beach metropolitan area continues to experience steady population and employment growth, supported by a diverse economic base anchored by tourism, healthcare, retail, and service industries. Longs has emerged as an attractive residential alternative due to its relative affordability and proximity to the coast, offering residents convenient access to employment centers, retail amenities, and lifestyle drivers while maintaining a suburban environment. Continued in-migration and home price appreciation across the region further reinforce rental demand, creating a favorable backdrop for sustained occupancy and rental growth. Investment Highlights: • New construction delivered in 2023 offers modern finishes and minimal near-term capital expenditure requirements. • All two-bedroom unit mix provides an efficient and highly desirable layout for workforce housing demand. • Located in Longs, SC with close proximity to Myrtle Beach, a major employment and tourism hub. • Positioned within the growing Grand Strand region benefiting from strong population and economic trends. • Suburban location

Market Context

This multifamily in Longs, SC is listed for sale. It has been on the market for 68 days. Compare it against other multifamily listings for sale in Longs, SC — <a href="/search/sale/multifamily/south-carolina/longs">view the full market</a>.

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