- Institutional Sized Property: Boasting 309 units with a wide range of unit mixes catering to both singles and families, Eagle Trace offers the next investor a unique opportunity to pickup one of only a handful of institutional sized properties in the highly sought after Greenville MSA significantly below replacement cost.
- Surrounded by Jobs: Positioned directly in between two big workforce and hourly logistics employment hubs: Southeastern Freight Lines Service Center (Employment 200+) and the Amazon Delivery Station (Employment ~150+) providing Eagle Trace’s core renter profile with convenient work options.
- Quick Access to Award Winning Downtown: Easy access to both I-85 and Highway 185 means a quick commute for other residents into bustling downtown Greenville and all it’s amenities as well the convenience of easy access to all the area’s other top employers.
- Strong Area Median Income: 5 mile radius boasts an $94,880 median income, showing promising growth in the submarket and continued asset and submarket appreciation.
- Most Capex Completed: Approximately 70% of the units have had interior renovations, including but not limited to new countertops, tile flooring, brushed nickel finishes and new cabinetry. Significant capital improvements have been made to exteriors including all new windows, new marquee stone signage, a new playground and several roofs replaced.
- Tax Abatement Program Upside: Opportunity to boost NOI significantly by putting the property into the Safe Harbor affordable housing program and pay a fee in lieu of the full tax bill.