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Multifamily

Windy Hill Apartments

122 Wendy Hill Way, Piedmont, SC 29673

Listing Price: $2,350,000

Cap Rate
6.66%
Number of Units
12
GRM
9.60
Price/Unit
$195,833
Price/Gross SF
$164.98
Gross SF
14,244

Investment Overview

Marcus & Millichap is pleased to present Windy Hill Apartments, a 12 unit multifamily community located in Piedmont, South Carolina. Situated on approximately 1.00 acre, the property consists entirely of spacious three bedroom, two bathroom units built in 1999. The asset underwent extensive renovations and capital improvements in 2023, including full interior upgrades with new cabinets, granite countertops, tile backsplashes, stainless steel appliances, updated lighting, and in unit washer and dryers, as well as exterior and common area enhancements such as a new roof, replumbed PEX system, new windows and shutters, exterior brick paint, parking lot improvements, and the addition of amenities including a dog park, grilling area, fire pit, and covered seating. With limited inventory of larger format rental units in the immediate area, Windy Hill Apartments is well positioned to capture strong demand for well sized housing options while providing residents with a comfortable suburban setting and convenient access to surrounding employment and retail corridors.

Piedmont is a growing residential community located within both Anderson and Greenville counties, just a short drive from downtown Greenville, one of the most dynamic economic hubs in the Southeast. Greenville is supported by a diverse economy including manufacturing, healthcare, and professional services, which continues to attract new residents and businesses to the region. Piedmont benefits from this growth while offering a more suburban living environment, making it an appealing option for renters who commute into Greenville for work. The combination of accessibility and steady regional growth positions the Piedmont submarket for continued rental demand.

Investment Highlights

  • Strong demand for three bedroom units with limited competing inventory in the immediate Piedmont submarket.
  • Proximity to Greenville's employment base supports long term rental demand and population growth.
  • Fully renovated interiors across all units support immediate cash flow with larger floor plans well positioned for continued tenant demand and natural rent growth.
  • Located within a growing regional corridor benefiting from continued economic expansion.
  • The comprehensive 2023 renovation program enhances the property's overall market positioning and appeal.

Exclusively Listed By

Multifamily

Windy Hill Apartments

Listing Price: $2,350,000

Cap Rate
6.66%
Number of Units
12
GRM
9.60
Price/Unit
$195,833
Price/Gross SF
$164.98
Gross SF
14,244

Investment Highlights

  • Strong demand for three bedroom units with limited competing inventory in the immediate Piedmont submarket.
  • Proximity to Greenville's employment base supports long term rental demand and population growth.
  • Fully renovated interiors across all units support immediate cash flow with larger floor plans well positioned for continued tenant demand and natural rent growth.
  • Located within a growing regional corridor benefiting from continued economic expansion.
  • The comprehensive 2023 renovation program enhances the property's overall market positioning and appeal.

Investment Overview

Marcus & Millichap is pleased to present Windy Hill Apartments, a 12 unit multifamily community located in Piedmont, South Carolina. Situated on approximately 1.00 acre, the property consists entirely of spacious three bedroom, two bathroom units built in 1999. The asset underwent extensive renovations and capital improvements in 2023, including full interior upgrades with new cabinets, granite countertops, tile backsplashes, stainless steel appliances, updated lighting, and in unit washer and dryers, as well as exterior and common area enhancements such as a new roof, replumbed PEX system, new windows and shutters, exterior brick paint, parking lot improvements, and the addition of amenities including a dog park, grilling area, fire pit, and covered seating. With limited inventory of larger format rental units in the immediate area, Windy Hill Apartments is well positioned to capture strong demand for well sized housing options while providing residents with a comfortable suburban setting and convenient access to surrounding employment and retail corridors. Piedmont is a growing residential community located within both Anderson and Greenville counties, just a short drive from downtown Greenville, one of the most dynamic economic hubs in the Southeast. Greenville is supported by a diverse economy including manufacturing, healthcare, and professional services, which continues to attract new residents and businesses to the region. Piedmont benefits from this growth while offering a more suburban living environment, making it an appealing option for renters who commute into Greenville for work. The combination of accessibility and steady regional growth positions the Piedmont submarket for continued rental demand.

Exclusively Listed By

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