3A Cely Rd - Apartments FOR SALE


Piedmont, SC 29673
$2,450,000 USD
864-387-5811
3A Cely Rd, Piedmont, SC for Sale
$2,450,000 USD
Apartments - FOR SALE
1/25
null | 6.18% Cap Rate

3A Cely Rd
Piedmont, SC 29673


HIGHLIGHTS

  • The property is newly renovated with PEX plumbing, new roof, windows, SS appliances, granite, tile backsplash, cabinets, W/D, amenity area, and more.
  • The property is 100% occupied, leases quickly to quality tenants, and the PM is willing to stay on board at below-market rates.
  • Additional revenue sources include cable, Resident Benefit Package (RBP), and pet rent.
  • Located 7 miles from downtown Greenville, 1.5 miles to I-85, and 1 mile to Hwy 153 with nearby amenities like Chick-fil-A, Dunkin, Walmart, and more.
  • Potential revenue increase by raising renewals to market rent, boosting internet and RBP charges, and adding onsite storage.

OVERVIEW

This excellent turnkey opportunity offers a fully renovated, stabilized, and occupied property with in-place management willing to remain at below-market rates. The property features extensive upgrades, including PEX plumbing, a new roof, new windows and shutters, stainless steel appliances, granite countertops, a tile backsplash, new cabinets, and a washer/dryer. With a 100% occupancy rate, this property leases quickly to quality tenants, making it a solid investment for any buyer. Conveniently located near downtown Greenville, Interstate 85, and numerous local amenities, the property offers easy access to popular destinations. Just 7 miles from the award-winning downtown Greenville, it is also close to major highways and retail centers, including Chick-fil-A, Dunkin’ Donuts, Walmart, Ingles, and more. The current landlord has achieved strong rents and occupancy, with multiple sources of income, including cable service through Spectrum, a Resident Benefit Package by Second Nature, and pet rent. There is significant potential upside for a new owner through strategic rent increases at lease renewals, the addition of on-site storage, and adjustments to internet and Resident Benefit Package fees. Greenville, SC, has consistently ranked among the top places to live, with accolades such as #4 Best Place to Live by US News & World Report. This property offers a fantastic opportunity to capitalize on the city's growth and thriving rental market.

FOR SALE DETAILS

PRICE

$2,450,000 USD

PRICE/SF

$170 USD /SF

# OF UNITS

12

PRICE/UNIT

$204,167

CAP RATE

6.18%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1999

PARKING SPACES

24

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

commercial

APN/PARCEL ID

237-00-11-001

ASK ABOUT THIS PROPERTY

Taylor VickBlue Ridge Asset ManagementMore Info
864-387-5811

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

Taylor VickBlue Ridge Asset ManagementMore Info
864-387-5811

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