2756 Laurens RdGreenville, SC 29607

Property Details for 2756 Laurens Rd

Year built

1972

Lot size

3.43 AC

Zone code

C3

Property type

Hospitality properties

Property subtype

Motels

APN

0272.00-01-009.00

APU

272000100900

Description

This Class A, 56,000 square foot apartment building, located at 2756 Laurens Rd, Greenville, SC 29607, presents a compelling investment opportunity. Boasting 117 units across four stories in a single building, this property underwent a complete interior renovation in 2024, featuring the innovative Ori Living Systems expandable apartments—a first for South Carolina. The building offers 128 parking spaces and a net rentable area of 37,576 square feet. Operations commenced September 1, 2024, and the property is currently offered at an attractive 5.25% cap rate, based on a stabilized pro-forma NOI of $1,215,922. The asking price is $23,160,412, translating to $197,952.24 per unit. This prime location is just 10 minutes from Downtown Greenville and directly across the interstate from Clemson University's International Center for Automotive Research. Greenville is recognized as a top 10 emerging multi-family market in the US. The seller may consider a price adjustment during the lease-up period. Built in 1980, this property offers a blend of established infrastructure and modern upgrades, making it an ideal addition to any portfolio. The sale is structured to accommodate a 1031 exchange.

• CAP approach

  CAP return

  Valuation

  6%

  $37,265,940

  6.5%

  $34,399,328

  7%

  $31,942,234

• Comparable approach

  Method

  Valuation

  Relative Method

  $28,915,688

  Geo Method

  $28,915,688

• Alternative Use

  Use

  Valuation

  Residential

  $37,554,072

  Hospitality

  $34,399,328

  Educational

  $28,619,838

  Medical

  $29,604,118

  Retail

  $44,519,748

Location Insight

City

Greenville

County

Greenville

State

South Carolina

Latitude

34.8153

Longitude

-82.3404

CBSA code

24860

CBSA name

GREENVILLE-ANDERSON, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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