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Multifamily

Avendale Apartments

3008 E North St, Greenville, SC 29615

Listing Price: $1,100,000

Cap Rate
5.35%
Number of Units
8
GRM
9.55
Occupancy
95.1%
Price/Unit
$137,500

Investment Overview

Marcus & Millichap is pleased to present for sale Avendale Apartments, an eight-unit multifamily property located less than five miles from downtown Greenville, South Carolina. With below-market rents providing a clear path to increase income year over year, new ownership has the opportunity to acquire a well-stabilized asset with long-term value in one of the fastest-growing MSAs in the country. Situated in a prime location near downtown Greenville, Avendale Apartments has quick access to the Peace Center’s thriving arts scene and scenic trails at Falls Park on the Reedy. With Main Street’s hundreds of shops, boutiques, and restaurants, the property ensures consistent tenant demand with access to significant retail hubs and cultural attractions in Downtown Greenville. Additionally, the property is less than three miles from Bob Jones University, St. Francis Eastside Hospital, and Greenville Downtown Airport.

Investment Highlights

  • Prime Location: Proximity to Downtown Greenville Under Five Miles from the Property
  • Loss to Lease: New Ownership has the Ability to Improve the Loss to Lease by Increasing Rents Year Over Year
  • Attractive Offering: Well-Stabilized Asset in one of the Fastest-Growing MSA's in the Country

Exclusively Listed By

Financing By

Multifamily

Avendale Apartments

Listing Price: $1,100,000

Cap Rate
5.35%
Number of Units
8
GRM
9.55
Occupancy
95.1%
Price/Unit
$137,500

Investment Highlights

  • Prime Location: Proximity to Downtown Greenville Under Five Miles from the Property
  • Loss to Lease: New Ownership has the Ability to Improve the Loss to Lease by Increasing Rents Year Over Year
  • Attractive Offering: Well-Stabilized Asset in one of the Fastest-Growing MSA's in the Country

Investment Overview

Marcus & Millichap is pleased to present for sale Avendale Apartments, an eight-unit multifamily property located less than five miles from downtown Greenville, South Carolina. With below-market rents providing a clear path to increase income year over year, new ownership has the opportunity to acquire a well-stabilized asset with long-term value in one of the fastest-growing MSAs in the country. Situated in a prime location near downtown Greenville, Avendale Apartments has quick access to the Peace Center’s thriving arts scene and scenic trails at Falls Park on the Reedy. With Main Street’s hundreds of shops, boutiques, and restaurants, the property ensures consistent tenant demand with access to significant retail hubs and cultural attractions in Downtown Greenville. Additionally, the property is less than three miles from Bob Jones University, St. Francis Eastside Hospital, and Greenville Downtown Airport.

Exclusively Listed By

Financing By

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