Projected 3-year Gross Internal Rate of Return (IRR): 24.4%
Lakewood Lodge is a multifamily, waterfront apartment community located in Hanahan, South Carolina.
The property was built in 1976 and consists of 35 two-story, garden-style buildings. Unit mixture consist of 16 one-bedroom units measuring 850 square feet and 114 two-bedroom units measuring 1,250 square feet totaling 130-units and 156,100 rentable square feet.
Property features include a private boat ramp and fishing dock with access to the Goose Creek Reservoir. Additional amenities include but are not limited to a fitness center, swimming pool and lounge area, boat storage, clubhouse with business center, and children’s play area.
Cohen Investment Group acquired Lakewood Lodge on May 5, 2022.
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