8025 White Horse RdGreenville, SC 29617

Property Details for 8025 White Horse Rd

Year built

2024

Property size (Sq ft)

77,665 SF

Property type

Apartment buildings

Description

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.

Location Insight

City

Greenville

County

Greenville

State

South Carolina

Latitude

34.8939

Longitude

-82.4676

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