Renovated 32-Unit Apartment
For Sale
$2,100,000
100 Highland Forest Dr, Greenwood, SC 29646
Greenwood multifamily property with updated interiors, a stabilized rent roll, and limited near-term capital needs.
Property SizeContact for details
Lot Size2.51 Acres
Days on Market92
Property Features for 100 Highland Forest Dr
General Information
Standard status
Active
Lot size
2.51 Acres
Property subtype
Multifamily
Property Condition
Severity
Repairs Needed
Evidence
limited deferred maintenance
Additional Details
Cap Rate
7.18%
Multifamily Units
32
Amenities
Water Billback Upside: Opportunity to implement utility billbacks, reducing inflated water expenses and improving operational efficiency.
Fully Renovated Interiors: All 32 units renovated within the past two years, including $45K in new flooring and $75K in apartment upgrades.
Recent Capital Investment: Over $160K in recent capex spanning unit renovations, HVAC, water heaters, and flooring across the property.
Updated Mechanical Systems: $30K HVAC replacement and $10K in new water heater tanks, reducing near-term capital needs for a new owner.
Strong Roof Life Remaining: 10-year-old roof with substantial useful life remaining, minimizing immediate exterior capital exposure.
Greenwood, SC Location: Positioned in a stable Upstate South Carolina market with consistent demand from local workforce and renters.
Building Details
Year Built
1980
Units
32
Listing Agency:
Charleston Office
(843) 952-2265
Listed By:
Carson Ford · License #License(s): SC: 139774, NC: LC998
(843) 952-2265
Source:
Marcusmillichap
Added: Jun 1
Changed: Aug 31
Last Checked: Aug 31 at 1:02PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Charleston Office
Investment Insights
Based on property information with market context.
Highlander Apartments is a 32-unit multifamily community on approximately 2.51 acres at 100 Highland Forest Dr in Greenwood, South Carolina. Built in 1980, the property underwent substantial renovation beginning in 2022, with all 32 units renovated within the past two years. Improvements include updated unit interiors, new flooring, HVAC replacements, and new water heater tanks. The existing roof has an estimated 10-year remaining useful life.
The property is positioned within Greenwood’s diversified Upstate South Carolina economy, which includes advanced manufacturing, healthcare, and life sciences employers. Lonza, the Greenwood Genetic Center, Teijin Carbon America, Eaton, Self Regional Healthcare, and Cardinal Health are among the area’s major employers. Lander University and Piedmont Technical College add nearby higher-education institutions to the local employment and renter base.
Greenwood is centrally located among Atlanta, Charlotte, Greenville, Columbia, and Augusta, with access to regional employment centers and education hubs.
The property is positioned within Greenwood’s diversified Upstate South Carolina economy, which includes advanced manufacturing, healthcare, and life sciences employers. Lonza, the Greenwood Genetic Center, Teijin Carbon America, Eaton, Self Regional Healthcare, and Cardinal Health are among the area’s major employers. Lander University and Piedmont Technical College add nearby higher-education institutions to the local employment and renter base.
Greenwood is centrally located among Atlanta, Charlotte, Greenville, Columbia, and Augusta, with access to regional employment centers and education hubs.
Key Highlights
- 32‑unit apartment community on approximately 2.51 acres
- All 32 units renovated within the past two years
- Substantial property renovation began in 2022
Property Analytics
Property Profile
Current Use
Lease Details
32
Residential units
Location Intelligence
Trade Area within ½ mile
54
Businesses Nearby
Explore this area
Business Placement
Demographics for 29646, SC
26,783
Population
12,316
Households
2.2
Avg Household Size
40
Median Age
20%
College-Educated
84%
High-School Grad
101.4 sq mi
ZIP Area
264
Density / Sq Mi
$41,669
Median Household Income
$37,556
Median Earnings
$818
Median Rent
$130,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Greenwood multifamily property with updated interiors, a stabilized rent roll, and limited near-term capital needs.
Where is this apartment building located?
The property is located at 100 Highland Forest Dr Greenwood, SC.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 32‑unit apartment community on approximately 2.51 acres; All 32 units renovated within the past two years; Substantial property renovation began in 2022
