843-327-8413
1127 Rutherford Rd, Greenville, SC for Sale
Apartments - FOR SALE
1/33
null | Request Cap Rate

1127 Rutherford Rd
Greenville, SC 29609
North Main Area


HIGHLIGHTS

  • Clear path to rent growth, with market rents approaching $1,500 per unit.
  • 30-unit, low-density townhome community in Greenville's established North Main/Rutherford Road corridor.
  • 94% occupied.
  • 2BR/1.5BA Townhomes averaging approximately 1,000 SF.
  • 26/30 unit interiors renovated.
  • Significant interior & exterior renovations already completed.

OVERVIEW

PROPERTY DATA ROOM & WEBSITE: https://www.alinecapital.com/properties/?propertyId=1658097-sale The Townes @ Summit offers investors the rare opportunity to acquire a largely renovated, low-density townhome community in Greenville's North Main corridor with immediate cash flow, minimal remaining capital needs, and a clear path to increasing rents approximately through continued interior upgrades. Built in 1984, the current ownership has already completed significant interior and exterior capital improvements, creating a largely de-risked investment opportunity for the next owner. While substantial renovations have been completed, investors still have the opportunity to further upgrade unit interiors and continue pushing rents toward market levels of approximately $1,500 per unit. The property’s infill location provides convenient access to Downtown Greenville, Cherrydale, Wade Hampton Boulevard, and major employment centers throughout the Upstate. Residents benefit from proximity to shopping, dining, healthcare, recreation, and established residential neighborhoods while maintaining more attainable rents than newer downtown and Class A communities. The property’s spacious townhome floorplans, private entrances, and low-density setting further distinguish it from traditional apartment alternatives. Limited opportunities to develop comparable townhome product within Greenville’s established infill neighborhoods, combined with continued population and employment growth across the Upstate, support longterm rental demand. With substantial renovations already completed and measurable rent upside remaining, The Townes @ Summit offers investors a compelling combination of current income, reduced execution risk, and future NOI growth.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

30

CAP RATE

Request Cap Rate

% LEASED

93%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Townes @ Summit

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1984

PARKING SPACES

60

LAND DETAILS

LAND ACRES

2.06 AC

LAND SF

89,734 SF

ZONING

R6

APN/PARCEL ID

0183.01-06-009.00

ASK ABOUT THIS PROPERTY

Jonathan KesslerAline CapitalMore Info
843-327-8413

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Jonathan KesslerAline CapitalMore Info
843-327-8413

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.