803-678-4921
1146 Old Central Rd, Central, SC for Sale
Apartments - FOR SALE
1/59
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1146 Old Central Rd
Central, SC 29630


HIGHLIGHTS

  • Significant value-add opportunity through conversion from student housing to conventional multifamily - opening to a larger renter pool
  • Immediate NOI upside via utility bill-back and expense normalization
  • Proximity to Clemson University, Lake Hartwell, and Greenville supports strong demand
  • Opportunity to acquire at a lower basis compared to previous sales price

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. 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.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

76

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Den at Clemson East

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1998

PARKING SPACES

-

LAND DETAILS

LAND ACRES

25.88 AC

LAND SF

1,127,333 SF

ZONING

RM 3

APN/PARCEL ID

4054-07-77-0902

ASK ABOUT THIS PROPERTY

Drew BabcockMarcus & MillichapMore Info
803-678-4921

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Drew BabcockMarcus & MillichapMore Info
803-678-4921

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