Investment Overview

Marcus & Millichap is pleased to present for sale The Den at Clemson East, a 76-unit multifamily asset built in 1998. Situated on approximately 25 acres, the property is located just three miles from Clemson University. The Den at Clemson East offers a unit mix of two-bedroom, one-bath and three-bedroom, two-bath floor plans, featuring functional layouts and washer and dryer hookups in every unit. The asset has been well maintained, with all units upgraded in 2022, including new flooring, cabinetry, and appliances. A new investor has the opportunity to transition leasing from a per-bed to a per-unit basis, capturing rental upside while appealing to both student and non-student residents—effectively expanding the tenant pool and enhancing long-term demand. The property benefits from a strong location just minutes from Clemson University and nearby retail amenities. A newly developed Harris Teeter shopping center is located approximately 1.7 miles away, providing convenient access to daily necessities and dining options. The Clemson and Central, SC submarket continues to experience strong growth, driven by university expansion and increasing regional demand. Clemson University has grown at an annual rate of approximately 6.67%, with enrollment and housing demand extending into surrounding areas such as Central. This offering provides investors the opportunity to acquire a well-located, renovated asset at an attractive basis, with the ability to capitalize on continued market growth and strong rental demand in the Clemson area.