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Multifamily

Avendale Apartments

3008 E North St, Greenville, SC 29615

Listing Price: $800,000

Cap Rate
4.63%
Number of Units
8
Price/Unit
$100,000
Price/Gross SF
$200.00
Gross SF
4,000

Investment Overview

Marcus and Millichap are pleased to present the Avendale Apartments. The subject property is located at 3008 E North St. in Greenville, SC only 5 miles to downtown Greenville and built in 1970. This complex consists of eight units all being one bedroom and one bathroom. Seven out of the eight units have been renovated and have room to increase rents by 20% compared to comparable properties. The property has two buildings and all units have HVAC. Tenants have the convenience of being close to downtown and there is walkability to local grocery stores and restaurants. The population of Greenville County has exploded to more than half a million people, keeping the county the most populous in all of South Carolina. Over the last 10 years, the population of the City of Greenville has grown by 21%, with dozens of condominiums and apartments complexes developed in the downtown area. Greenville is home to over 70,000 residents in the city and more than 920,000 in the metropolitan county area. The population of Greenville has increased by 16% over the last decade, with the metropolitan area growing by 1.53% year-over-year.3 Greenville is the sixth-largest city in South Carolina and home to the third-largest urban area in the state. Cities in the Greenville metropolitan area include Fountain Inn, Greer, Mauldin, Simpsonville, and Travelers Rest. Greenville County residents are among the state’s wealthiest residents, second only to Beaufort County along the coast where the Hilton Head resort is located. The per capita income in Greenville is $31,577, while the median household income is $57,432.

Investment Highlights

  • Seven out of Eight units have been renovated
  • 5 Miles from Downtown Greenville
  • Ability to increase rents 20%

Exclusively Listed By

Multifamily

Avendale Apartments

Listing Price: $800,000

Cap Rate
4.63%
Number of Units
8
Price/Unit
$100,000
Price/Gross SF
$200.00
Gross SF
4,000

Investment Highlights

  • Seven out of Eight units have been renovated
  • 5 Miles from Downtown Greenville
  • Ability to increase rents 20%

Investment Overview

Marcus and Millichap are pleased to present the Avendale Apartments. The subject property is located at 3008 E North St. in Greenville, SC only 5 miles to downtown Greenville and built in 1970. This complex consists of eight units all being one bedroom and one bathroom. Seven out of the eight units have been renovated and have room to increase rents by 20% compared to comparable properties. The property has two buildings and all units have HVAC. Tenants have the convenience of being close to downtown and there is walkability to local grocery stores and restaurants. The population of Greenville County has exploded to more than half a million people, keeping the county the most populous in all of South Carolina. Over the last 10 years, the population of the City of Greenville has grown by 21%, with dozens of condominiums and apartments complexes developed in the downtown area. Greenville is home to over 70,000 residents in the city and more than 920,000 in the metropolitan county area. The population of Greenville has increased by 16% over the last decade, with the metropolitan area growing by 1.53% year-over-year.3 Greenville is the sixth-largest city in South Carolina and home to the third-largest urban area in the state. Cities in the Greenville metropolitan area include Fountain Inn, Greer, Mauldin, Simpsonville, and Travelers Rest. Greenville County residents are among the state’s wealthiest residents, second only to Beaufort County along the coast where the Hilton Head resort is located. The per capita income in Greenville is $31,577, while the median household income is $57,432.

Exclusively Listed By

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