407 Nelson Dr - Multi-Family FOR SALE


Anderson, SC 29621- Anderson Core
$3,150,000 USD
864-224-3503
407 Nelson Dr, Anderson, SC for Sale
$3,150,000 USD
Multi-Family - FOR SALE
1/35
null | 3.92% Cap Rate

407 Nelson Dr
Anderson, SC 29621
Anderson Core


OVERVIEW

Available for Sale ($3,150,000.00) Welcome to 407-417 Nelson Drive - An Exceptional Multi-Family Investment Opportunity. Don’t miss this unbelievable opportunity to invest in a high-performing 30-unit Multi-Family Apartment Complex located along a thriving corridor on the outskirts of Anderson. Positioned in a rapidly growing area with strong rental demand, this property offers immediate cash flow with 26 of the 30 units currently Fully Leased. Each apartment features a spacious 2-bedroom, 2-bath layout with updated appliances, offering modern comfort and appeal to tenants. Beyond the apartment complex, the property also includes three additional single-family homes, all fully leased, providing diversified rental income. For investors looking to enhance value, this property presents significant upside potential: -Four Vacant Units ready to be Leased. -Rent growth: Potential to increase rents on existing leases to match current market rates. -Development play: Includes four vacant lots, ideal for continued residential development or strategic expansion. Whether you're looking to grow your portfolio, generate consistent income, or capitalize on future development, 407-417 Nelson Dr. offers it all—stability, value-add potential, and location in a high-demand market. Be a part of this exciting investment opportunity and unlock the full potential of this exceptional asset on one of Anderson’s most promising corridors. Contact Listing Brokers for Details!

FOR SALE DETAILS

PRICE

$3,150,000 USD

PRICE/SF

$79 USD /SF

# OF UNITS

30

PRICE/UNIT

$105,000

CAP RATE

3.92%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

407-417 Nelson Drive

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1996

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

176-08-03-001

ASK ABOUT THIS PROPERTY

Jackson WilliamsonMcCoy Wright, Inc.More Info
864-224-3503

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Jackson WilliamsonMcCoy Wright, Inc.More Info
864-224-3503

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