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This document presents a comprehensive market feasibility study regarding the acquisition and rehabilitation of Arrington Place, an existing 68-unit LIHTC/Section 8 multifamily property in Columbia, South Carolina. The study assesses the viability of the project, including market demand, proposed rents, and competitive analysis within the multifamily rental market.
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What is market feasibility study for?
A market feasibility study is conducted to assess the viability of a proposed business or product in a specific market. It evaluates market demand, potential competition, and financial projections.
Who is required to file a market feasibility study for?
Typically, entrepreneurs, businesses seeking investment, and startups are required to file a market feasibility study to present their business idea's viability to stakeholders, investors, or lenders.
How to fill out market feasibility study for?
To fill out a market feasibility study, one needs to gather data on market trends, target audience, competitive analysis, and financial forecasts. The study should be structured with clear sections addressing each aspect of the market.
What is the purpose of market feasibility study for?
The purpose of a market feasibility study is to help business owners understand the market potential, determine the likelihood of success, and identify any risks or challenges before committing resources to a project.
What information must be reported on market feasibility study for?
A market feasibility study must report information regarding market research findings, target demographics, competitive landscape, financial projections, potential barriers to entry, and profitability analysis.
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