For Sale
$23,515,724

8025 White Horse Rd Greenville, SC 29617

Luxury Greenville Apartments: 84 Units, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional Class A multifamily investment opportunity, Freeman Ranch Apartments, presents 84 units within two 3-story buildings totaling 77,665 square feet. Located at 8025 White Horse Rd, Greenville, SC 29617, in the rapidly growing Berea area of Greenville County, this property boasts a compelling 4.10% cap rate and a strong NOI of $964,145. The asking price is $23,515,724, translating to $279,949 per unit and $302.78 per square foot. Construction is underway and slated for completion by the end of 2024, with a certificate of occupancy anticipated from Greenville County upon completion. The property features 121 parking spaces and a net rentable area of 64,787 square feet. Its prime location offers convenient access to Furman University (5-minute drive) and Downtown Greenville (15-minute drive), situated directly on White Horse Road, a major thoroughfare. This represents a turnkey investment in a high-demand area, poised for significant appreciation as rents increase upon completion. The APN is B005020102400. This is a fully developed project upon completion.

Highlights

  • Five-minute drive to Furman University; fifteen-minute drive to Downtown Greenville.
  • Located in Greenville County's rapidly developing Berea area.
  • High-traffic location on White Horse Road.

Property Details for 8025 White Horse Rd

Property type
Apartment buildings
Square Feet
77,665 SF
Class
A
Year Built
2024
Buildings
2
Stories
3
Units
84

Location Insight

City
Greenville
County
Greenville
State
South Carolina
Latitude
34.89394244
Longitude
-82.46756153

FAQs

What type of property is this?
Apartment building - Luxury Greenville Apartments: 84 Units, High ROI
Where is the apartment building located?
The property is located at 8025 White Horse Rd Greenville, SC.
What is the asking price?
The asking price for this property is $23,515,724.
What are key features of this property?
This property features: Five-minute drive to Furman University; fifteen-minute drive to Downtown Greenville.; Located in Greenville County's rapidly developing Berea area.; High-traffic location on White Horse Road.
How can I contact the broker?
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8025 White Horse Rd
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