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The Reserve@USC Salkehatchie/Student Housing 970 Main St N

27 Unit Apartment Building For Sale Allendale, SC 29810

Investment Highlights

  • Unique floor plan designs
  • Ample parking
  • On site laundry facility
  • On site staff for security, maintenance and repairs

Executive Summary

AUCTION:This Property will Be SOLD via Auction with An Auction Date Posting Soon!
-The Building Is OPEN and OPERATING and Accepting Applications From Residents for Fall Semester-
THE RESERVE at USC SALKEHATCHIE is a Like New 34,900 SQ. FT, Three Story Luxury Student Housing Community Building with Elevator Built in 2014 on 1.76 Acres for $4,400,000. It is Located Adjacent to the Allendale campus.
USC Salkehatchie Does Not Offer Housing Which Makes THE RESERVE a Great Investment Opportunity!
The Building Consists of 27 Fully Furnished Suites with 101 Beds Divided Up Into: 24-1,141 Sq. Ft. Units Consisting of (4) Individual Bedrooms with Two (2) Bathrooms. 2-562 Sq. Ft. Units Consisting of Two (2) Individual Bedrooms with (1) Bathroom. 1-472 Sq. Ft. Unit Consisting of (1) Individual Bedroom and (1) Bathroom. Student Lounges/Study Rooms are Located on the Second and Third Floors. Inside the Lounges are Full Kitchens with Ranges and Refrigerators. A Perimeter Fence Controls Foot Traffic into the Property. Parking is Directly in Front of THE RESERVE and in an Adjacent Lot Leased from the College. An Extensive CCTV System Covers the Inside/Outside/Parking Lot Area.
Located in the S.W. Corner of South Carolina, Allendale and its Small Town Environment (Population 2,694) is 1 ½ Hours from the Atlantic Ocean and the Beaches of Tybee Island, Hilton Head Island, Savannah, Charleston, Columbia and 1 Hour from Augusta, Georgia.
USC Salkehatchie West Campus in Allendale is home to USC Salkehatchie’s Softball, Baseball and Soccer Teams. Quick Stats 2024-Enrollment: 778 Students, In-State Tuition: $3,579/Semester or $7,158/Year (not including fees), Out-State Tuition: $8,919/Semester or $17,838/Year (not including fees), Acceptance Rate 85%, Student:Teacher Ratio: 11:1, Minority Enrollment 48% (Source IPEDS)
THE RESERVE AT USC SALKEHATCHIE
Year Built: 2014
Total Units: 27
24: 1,141 Sq. Ft. 4 Bedroom, 2 Bath Units
2: 562 Sq. Ft. 2 Bedroom, 1 Bath Units
1: 472 Sq. Ft. 1 Bedroom, 1 Bath Unit
Total Beds: 101
Total Square Feet: 34,900 Sq. Ft.
Building Dimensions: 57’ x 248’
Total Acres: 1.676± Acre
Elevator: Yes
County: Allendale County
Tax District: County (District 01C)
2024 Taxes: Tax Exempt Class Code: 506-Non-Profit Housing Authority Exemption
Parcel ID: 105-07-01-008
Legal Information: Lot 5-11
Zoning: B-3, Highway Commercial
Utilities: Water, Electric, Sewer, Natural Gas
Parking: On Site, Leased Adjacent School Lot
Telephone/Internet, Card Access, CCTV, Fire Alarm
HVAC: Central A/C, Forced Air Heat
COMMUNITY AMENITIES
Private Access for Residents, Proximity to Campus, Ample Parking, Clubhouse-Style Amenities on Each Floor with Full Kitchens and Televisions, Wireless Internet Throughout, Multiple Areas for Gathering, Lounging and Studying, On-Site Staff for Security, Maintenance and Repairs.
UNIT AMENITIES
Unique Floor Plan Designs, On Site Laundry Facility, Access to Cable TV in Each Suite as Well as Each Bedroom, Each Suite has its Own Designated Telephone Number, Fully Equipped Kitchenettes with Refrigerators, Microwaves and Stainless Sinks, Furniture Provided (Including Bed, Desk, Desk Chair in Each Bedroom and Sofa, Chairs and Tables in Each Suite), Utilities Included: Water/Sewer, Electric, Cable and Internet, Telephone, Exterminating and Garbage.
LEASING
The Total Housing Expense for The Reserve at Salkehatchie is $3,375 Per Semester Due in Full Before the Student has Moved in. A Security Deposit of $675, Equal to 1/5 of the Semester Rent, is Required in Addition to a One Time Non-Refundable Application and Administration Fee of $150. All Students will be Allowed to Have Vehicles with Access to a Parking Lot in Front of the Building.
The Reserve at Salkehatchie Rents Bedrooms for the Fall Semester (August - December) and the Spring Semester (January - May). A Full Semester's Rent is Payable in One Installment at the Beginning of Each Semester. Students May Sign a 5-Month Lease for the Fall Semester and/or a 5-Month Lease for the Spring Semester. The Reserve at Salkehatchie Covers the Cost of Utilities, Leaving Students Monthly Out of Pocket Expenses for Groceries and Other Personal Expenses Incurred as Needed.

For Complete Bidding Information Please Request a BIDDERS KIT from the Auction Company.
For Additional Leasing Information Please Visit: www.reserveatsalk.com
For Additional USC Information Please Visit: USC Salkehatchie
View over 600+ photos, drone video, virtual tour and auction brochure when available at: www.maascompanies.com website.
Check back for updates

Property Facts

Sale Type Investment
Sale Conditions Short Sale
No. Units 27
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Low Rise
Building Class B
Lot Size 1.76 AC
Building Size 34,900 SF
No. Stories 3
Year Built 2014
Parking Ratio 0.34/1,000 SF
Opportunity Zone Yes

Amenities

  • Smoke Detector

Unit Amenities

  • Air Conditioning
  • Microwave
  • Heating
  • High Speed Internet Access
  • Refrigerator
  • Sprinkler System
  • Tub/Shower
  • Carpet
  • Wi-Fi
  • Double Pane Windows
  • Family Room
  • Window Coverings

Site Amenities

  • 24 Hour Access
  • Controlled Access
  • Fenced Lot
  • Laundry Facilities
  • Property Manager on Site
  • Furnished Units Available
  • Community-Wide WiFi
  • Elevator

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
4+2 24 - -
2+1 2 - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
105-07-01-008
Land Assessment
$175,897 CAD
Improvements Assessment
$2,572,575 CAD
Total Assessment
$2,748,473 CAD
  • Listing ID: 32338790

  • Date on Market: 2024-07-03

  • Last Updated:

  • Address: 970 Main St N, Allendale, SC 29810

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