3008 E North St - Apartments FOR SALE


Greenville, SC 29615
$1,100,000 USD
843-952-2265
3008 E North St, Greenville, SC for Sale
$1,100,000 USD
Apartments - FOR SALE
1/5
null | 5.35% Cap Rate

3008 E North St
Greenville, SC 29615


HIGHLIGHTS

  • Prime Location: Proximity to Downtown Greenville Under Five Miles from the Property
  • Loss to Lease: New Ownership has the Ability to Improve the Loss to Lease by Increasing Rents Year Over Year
  • Attractive Offering: Well-Stabilized Asset in one of the Fastest-Growing MSA's in the Country

OVERVIEW

Marcus & Millichap is pleased to present for sale Avendale Apartments, an eight-unit multifamily property located less than five miles from downtown Greenville, South Carolina. With below-market rents providing a clear path to increase income year over year, new ownership has the opportunity to acquire a well-stabilized asset with long-term value in one of the fastest-growing MSAs in the country. Situated in a prime location near downtown Greenville, Avendale Apartments has quick access to the Peace Center’s thriving arts scene and scenic trails at Falls Park on the Reedy. With Main Street’s hundreds of shops, boutiques, and restaurants, the property ensures consistent tenant demand with access to significant retail hubs and cultural attractions in Downtown Greenville. Additionally, the property is less than three miles from Bob Jones University, St. Francis Eastside Hospital, and Greenville Downtown Airport.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$270 USD /SF

# OF UNITS

8

PRICE/UNIT

$137,500

CAP RATE

5.35%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Avendale Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1971

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

C-1

APN/PARCEL ID

0279.00-01-006.00

ASK ABOUT THIS PROPERTY

Carson FordMarcus & MillichapMore Info
843-952-2265

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Carson FordMarcus & MillichapMore Info
843-952-2265

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