2756 Laurens Rd Greenville, SC 29607-3820

3.43 ac lot Built 1972

Individually Owned 4-yr Hold ~ Est. High Equity

Property ID

US77-1122865

Google Maps

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.