Featured Investment: Conway Historic Building
The Pace Group has a consistent record of recognizing high quality investment opportunities. This is why we are excited to present a new opportunity to purchase a historic building and adjacent land in the downtown area of Conway, South Carolina. This opportunity is unique in that the city of Conway wants to partner with us to help get the project started. Even better, there are special incentives and credits that makes this multifamily property investment an attractive financial option to both experienced and ﬁrst-time investors.
Currently, we have an LOI to purchase two properties in Conway. The goal is to convert both sites into luxury apartments. In the ﬁrst phase of the project, we will begin building a four story 40 unit multifamily building on the riverfront. The City of Conway has expressed interest in providing most the infrastructure work, while we construct the building.
Further, the best aspect of this deal will be purchasing a 100 year old historic building with frontage on Main Street. Much like Charleston South Carolina, Conway holds an unique appeal for people interested in living in an attractive, well-maintained community within walking distance of restaurants and shopping. In Phase 2, we plan to convert this historic building into an approximately 30 unit luxury multifamily complex with ﬁrst ﬂoor retail space. To date, no multifamily building of this quality, and nature exists in Conway. Our experience in understanding the expanding market of residents in Myrtle Beach tells us that this is the right place, and the right time to ﬁll the niche.
In addition to the financial incentives, there are several tax credits available for investors financing the rehab of the historic building. For the potential investor, this creates the opportunity for a great return.
Find Out More
To achieve our goals of creating a brand new standard for multifamily living in Conway, we want to partner with long term investors starting today. This is a rare opportunity for investors wanting get involved in a project like this from the ground up. If you are interested in becoming involved and would like more information, please fill out our contact form, or you can email Van Watts directly at email@example.com