Investment Overview

Marcus & Millichap is pleased to present the investment opportunity located at 423 Lindsay Road in Clemson, South Carolina. The property consists of a 70-unit multifamily asset positioned just 2.4 miles from Clemson University. Built in 1998 and situated on approximately 6.8 acres, the property offers a desirable unit mix of two-bedroom, one-bath and three-bedroom, two-bath floor plans. Each unit is designed with functional layouts and includes washer and dryer hookups, appealing to both student and conventional renters seeking convenience and practicality. The property benefits from strong visual appeal thanks to recently completed interior upgrades, including new flooring, updated cabinetry, and contemporary appliances. These renovations, completed in 2022, position the asset competitively within the local rental market while minimizing near-term capital expenditure requirements. From an investment perspective, this asset offers significant upside potential. A new owner can transition leasing from a per-bed model to a per-unit basis, which may drive higher effective rents while broadening the tenant base beyond students to include young professionals and families. This strategic shift enhances occupancy stability and supports long-term demand growth. Combined with its proximity to a major university and its updated condition, the property represents a compelling opportunity for investors seeking both immediate income and future value appreciation.