304 Church St - Apartments FOR SALE


Central, SC 29630
$2,116,000 USD
843-327-8413
304 Church St, Central, SC for Sale
$2,116,000 USD
Apartments - FOR SALE
1/10
null | Request Cap Rate

304 Church St
Central, SC 29630


OVERVIEW

Aline Capital is pleased to present the exclusive listing of Central Lofts, a 20-unit historic multifamily community located at 304 Church Street in Central, South Carolina. Central Lofts is a 20-unit multifamily community located at 304 Church Street in Central, South Carolina, offering a compelling combination of historic character and proven operational stability within the rapidly growing Clemson submarket. Originally constructed in 1899, the property was fully gutted to the studs in 2002, with all electrical and plumbing systems replaced—providing investors with the charm of a historic asset without the typical deferred maintenance concerns. The property reflects strong care of ownership, with consistent upkeep and a well-maintained physical plant that supports reliable in-place performance. Current average rents of approximately $916 per unit position the asset squarely within the workforce housing segment, offering stable cash flow with clear upside. Notably, many of the larger one-bedroom units offer a highly actionable value-add component, as they can be efficiently converted into two-bedroom layouts through simple framing at an estimated cost of approximately $5,000 per unit. This creates a clear path to increased rental income by aligning the unit mix with strong demand for two-bedroom housing in the Clemson market. A unique and highly attractive component of this opportunity is the ability to partner with a nonprofit entity to achieve a property tax abatement. By maintaining rents at levels affordable to residents earning below Area Median Income (AMI), ownership can materially reduce operating expenses, driving increased net operating income while aligning with community-focused housing initiatives. Central’s proximity to Clemson University—just minutes away—anchors long-term demand, supported by continued enrollment growth, faculty expansion, and ongoing investment in the surrounding area. The broader Central/Clemson corridor is experiencing sustained growth driven by education, healthcare, advanced manufacturing, and technology sectors. Additionally, the property benefits from strong regional connectivity, with convenient access to Greenville, Columbia, and Atlanta. Central Lofts presents a de-risked, well-maintained asset in a high-growth submarket, offering investors the opportunity to capitalize on both stable in-place income and forward-looking upside.

FOR SALE DETAILS

PRICE

$2,116,000 USD

PRICE/SF

$98 USD /SF

# OF UNITS

20

PRICE/UNIT

$105,800

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Central Lofts

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1899

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.67 AC

LAND SF

29,185 SF

ZONING

CC

APN/PARCEL ID

4065-10-46-8043

ASK ABOUT THIS PROPERTY

Jonathan KesslerAline CapitalMore Info
843-327-8413

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Jonathan KesslerAline CapitalMore Info
843-327-8413

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