2756 Laurens Rd Greenville, SC 29607-3820
- Motels
- 3.43 lot acres
Current Use by Public Records
- Flathouse Studios / Apartment Complex
Property Details for 2756 Laurens Rd
- Year built
- 1972
- Lot size
- 3.43 lot acres
- Zone code
- C3
- Property type
- 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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $280,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $300,000
- 6.5%
- $295,000
- 7%
- $280,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $285,000
- Geo Method
- $315,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $335,000
- Retail
- $285,000
- Mixed-Use
- $310,000
- Hospitality
- $270,000
- Educational
- $270,000
- Residential Income
- $360,000
- Energy
- $340,000
- Income-Based Land
- $275,000
- Food Service
- $300,000
Location Insight
- Map
- Local Demand
- City
- Greenville
- County
- Greenville
- State
- South Carolina
- Longitude
- -82.3404
- Latitude
- 34.8153
- CBSA code
- 24860
- CBSA name
- GREENVILLE-ANDERSON, SC METROPOLITAN STATISTICAL AREA
