2015 Old Mountain Creek Rd Greenville, SC 29609

Building Details

Year Built

1973

Listing Agency: Furman Capital Advisors Show Phone

Listed By: Kay Hill · License #SC

Source: Crexi

Added: Jan 12 Changed: Jul 20 Last Checked: Jul 21 at 7:06AM

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Investment Insights

Based on property information with market context.

This for-sale multifamily property is presented with a current financing structure through an existing Freddie Mac loan with an approximately $1.62M balance, 5.85% fixed interest rate, and 30-year amortization. The seller notes about eight months of interest-only remaining and indicates flexibility for a potential assumption or refinancing upon loan rollover.

Located in Greenville, SC, the property is described as being in a suburban corridor with access to Downtown Greenville and Wade Hampton retail within minutes, along with nearby employers such as Prisma Health and BMW suppliers. The seller also cites strong rent growth trends, steady in-migration, and limited new supply in the attainable housing segment.

According to the remarks, “Deluxe” units generate $120–$150 in monthly premiums over “Standard” units, supporting an interior-upgrade strategy aimed at improving yield-on-cost.

Key Highlights

• For‑sale multifamily property built in 1973
• Existing Freddie Mac loan: approximately $1.62M with 5.85% fixed rate and 30‑year amortization
• Loan has 8 months of interest‑only (I/O) remaining

Property Analytics

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FAQs

What type of property is this?

Multifamily property - For-sale multifamily property with an existing Freddie Mac loan at 5.85% fixed and 30-year amortization.

Where is this multifamily property located?

The property is located at 2015 Old Mountain Creek Rd Greenville, SC.

What are key features of this property?

This property features: For‑sale multifamily property built in 1973; Existing Freddie Mac loan: approximately $1.62M with 5.85% fixed rate and 30‑year amortization; Loan has 8 months of interest‑only (I/O) remaining