Listing photo for 120 Alex Patterson Place, Hilton Head Island, SC
Listing photo for 120 Alex Patterson Place, Hilton Head Island, SC
Listing photo for 120 Alex Patterson Place, Hilton Head Island, SC
Listing photo for 120 Alex Patterson Place, Hilton Head Island, SC
Listing photo for 120 Alex Patterson Place, Hilton Head Island, SC
Listing photo for 120 Alex Patterson Place, Hilton Head Island, SC
Listing photo for 120 Alex Patterson Place, Hilton Head Island, SC
Listing photo for 120 Alex Patterson Place, Hilton Head Island, SC
Listing photo for 120 Alex Patterson Place, Hilton Head Island, SC
Listing photo for 120 Alex Patterson Place, Hilton Head Island, SC
Listing photo for 120 Alex Patterson Place, Hilton Head Island, SC
Listing photo for 120 Alex Patterson Place, Hilton Head Island, SC
Listing photo for 120 Alex Patterson Place, Hilton Head Island, SC
Listing photo for 120 Alex Patterson Place, Hilton Head Island, SC
Listing photo for 120 Alex Patterson Place, Hilton Head Island, SC
Listing photo for 120 Alex Patterson Place, Hilton Head Island, SC
Listing photo for 120 Alex Patterson Place, Hilton Head Island, SC
Listing photo for 120 Alex Patterson Place, Hilton Head Island, SC
Listing photo for 120 Alex Patterson Place, Hilton Head Island, SC
Listing photo for 120 Alex Patterson Place, Hilton Head Island, SC
Listing photo for 120 Alex Patterson Place, Hilton Head Island, SC
Listing photo for 120 Alex Patterson Place, Hilton Head Island, SC
Listing photo for 120 Alex Patterson Place, Hilton Head Island, SC
Listing photo for 120 Alex Patterson Place, Hilton Head Island, SC
Listing photo for 120 Alex Patterson Place, Hilton Head Island, SC
Listing photo for 120 Alex Patterson Place, Hilton Head Island, SC
Listing photo for 120 Alex Patterson Place, Hilton Head Island, SC
Listing photo for 120 Alex Patterson Place, Hilton Head Island, SC
Listing photo for 120 Alex Patterson Place, Hilton Head Island, SC
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120 Alex Patterson Place,

Hilton Head Island, SC

$7,250,000

0.16 Acres

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.

Facts & Features
MLS # 402054
Price $7,250,000
Bathrooms 0.00
Acres 0.16
Type Commercial Sale
Status Active
Community Information
Address 120 Alex Patterson Place
Area Hilton Head Commercial
City Hilton Head Island
County Beaufort
State SC
Zip Code 29926
Amenities
Is Waterfront No
Has Pool No
Interior
Fireplace No
Additional Information
Days on Market 49
Foreclosure No
Short Sale No
RE / Bank Owned No
Listing Details
Office Vacation Homes of Hilton Head, Inc


We do not attempt to independently verify the currency, completeness, accuracy or authenticity of the data contained herein. It may be subject to transcription and transmission errors. Accordingly, the data is provided on an "as is," "as available" basis only and may not reflect all real estate activity in the market. © 2020 Multiple Listing Service of Hilton Head Island, Inc. All rights reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, Multiple Listing Service of Hilton Head Island, Inc.

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