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120 Alex Patterson Place, Hilton Head Island, SC – $7,250,000

  • $7.3M Price
  • .16 Acres
  • 93 DOM
  • $7.3M Price
  • .16 Acres
  • 93 DOM

Jeff Hall

Cell: 843-384-7941

120 Alex Patterson Place

This investment property consists of 14-single family four bedroom/four bath homes built in 2019. The property includes 6-additional lots that are suited to build homes that are the similar size as the pre-existing homes in the community. This property is 100% occupied with long term rental contracts with local hotels & resorts that house their workforce. Cap Rate currently is 6.7% with a full purchase price. The remaining lots can be built on to help meet the high demand of workforce housing. Cap Rate would be 8.25% if project was built and leased with the same business model already in place.

Essential Information

  • MLS #402054
  • Price$7,250,000
  • Bathrooms0.00
  • Acres0.16
  • TypeCommercial Sale
  • StatusActive

Community Information

  • Address120 Alex Patterson Place
  • AreaHilton Head Commercial
  • CityHilton Head Island
  • CountyBeaufort
  • StateSC
  • Zip Code29926

Additional Information

  • Days on Market93

Listing Details

Courtesy of Vacation Homes of Hilton Head, Inc
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