Chandler Oaks is a collection of fully refurbished 1 and 2 bedroom apartments located in the city of Gaffney, South Carolina, usa. Just moments from Limestone College and its 3, 500 enrolled university students, Chandler Oaks already has a 5 year tenant agreement in place from the College President for 63 of the apartments and the balance will be used to rent directly to third year students and young professionals. In fact Chandler Oaks already has a waiting list of third year students waiting to move in as soon as occupancy is available. Starting prices are from just under $49, 000 for a 1 bed apartment up to a maximum price of $77, 145 for the largest 2 bed apartment. The properties will be fully managed by an existing local operator with monthly rent of $550 for a 1 bedroom and $730 for a 2 bedroom. An 8% net yield is warrantied until 2020 by Carolinas Properties Portfolio llc, an asset backed company that organise management and warranties. Net returns of up 10% can realistically be expected. The 100 one and two storey units of Chandler Oaks are solid in their construction, with exterior concrete block walls built to withstand all weather conditions. The units were individually surveyed before the development was purchased. Internally they have been fully refurbished to the highest standards. Each property has been completely renovated including the replacement of roofs, windows, electrical wiring, plumbing, air-conditioning, and internal walls. Brand new kitchens complete with refrigerators and cookers have been fitted along with modern bathrooms. Walk-in closets and additional storage also feature throughout the apartments. Each condominium unit will have its own deed and title, with the land owned by the association, which in turn is owned by the condominium owners. Chandler Oaks apartments are designed as homes rather than student accommodation so are spacious compared to typical student pods. They are ideal for shared student living, with open plan living areas pre-wired for cable, modern kitchens with key appliances, new bathroom suites and separate bedroom areas for privacy and additional storage. There is no covenant over the property so although for the coming years the apartments will be used as student accommodation they can in the future be used by anyone. The 1 bedroom apartments cover 450 sq ft on average and the 2 bedrooms, an average of 685 sq ft. Wi-Fi Extra Storage Available Well Equipped Kitchens Heat and Air Conditioner Cable Ready Refrigerator & Cooker
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Chandler Oaks is a collection of fully refurbished 1 and 2 bedroom apart......