For Sale
$23,160,412

2756 Laurens Rd Greenville, SC 29607

117-unit apartment building, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
135
This Class A, 56,000 square foot apartment building, located at 2756 Laurens Rd, Greenville, SC 29607, presents a compelling investment opportunity. Boasting 117 units across four stories in a single building, this property underwent a complete interior renovation in 2024, featuring the innovative Ori Living Systems expandable apartments—a first for South Carolina. The building offers 128 parking spaces and a net rentable area of 37,576 square feet. Operations commenced September 1, 2024, and the property is currently offered at an attractive 5.25% cap rate, based on a stabilized pro-forma NOI of $1,215,922. The asking price is $23,160,412, translating to $197,952.24 per unit. This prime location is just 10 minutes from Downtown Greenville and directly across the interstate from Clemson University's International Center for Automotive Research. Greenville is recognized as a top 10 emerging multi-family market in the US. The seller may consider a price adjustment during the lease-up period. Built in 1980, this property offers a blend of established infrastructure and modern upgrades, making it an ideal addition to any portfolio. The sale is structured to accommodate a 1031 exchange.

Highlights

  • 5.25% CAP rate on stabilized pro forma net operating income.
  • Seller financing options available during lease-up.
  • Property commenced operations September 2024.
  • Greenville, SC is a top 10 emerging multifamily market nationally.

Property Details for 2756 Laurens Rd

Property type
Apartment buildings
Square Feet
56,000 SF
Class
A
Year Built/Renovated
1980/2024
Buildings
1
Stories
4
Units
117

Location Insight

City
Greenville
County
Greenville
State
South Carolina
Latitude
34.8154072
Longitude
-82.3402436

FAQs

What type of property is this?
Apartment building - 117-unit apartment building, prime location.
Where is the apartment building located?
The property is located at 2756 Laurens Rd Greenville, SC.
What is the asking price?
The asking price for this property is $23,160,412.
What are key features of this property?
This property features: 5.25% CAP rate on stabilized pro forma net operating income.; Seller financing options available during lease-up.; Property commenced operations September 2024.
How can I contact the broker?
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2756 Laurens Rd
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