Exceptional Value: This rare 30-unit multifamily portfolio presents an outstanding investment opportunity in Greenville’s expanding rental market, priced competitively at $955,000—delivering strong fundamentals with immediate upside potential.
Property Overview
This impressive portfolio encompasses 30 rental units thoughtfully distributed across 15 free-standing buildings, totaling approximately 6,960 square feet with 13 bathrooms throughout. Originally constructed in 1952, the property showcases solid, time-tested construction that has proven its durability over seven decades. The free-standing building design offers tenants the privacy and space they desire, creating strong appeal in today’s competitive rental market.
Location & Infrastructure Advantages
Prime Greenville Location: Strategically positioned in the heart of Greenville with full city water and sewer connections, ensuring reliable utilities and reduced maintenance concerns.
Tenant Appeal: Free-standing units provide the privacy and space that today’s renters demand, supporting strong occupancy rates and tenant retention.
Investment Opportunity
Current Performance
- Generating steady rental income with established tenant base
- No on-site management currently in place
Value-Add Potential
The portfolio’s diverse construction and roofing types create exceptional flexibility for renovation strategies, allowing investors to implement strategic, phased improvements tailored to each building type. This approach enables customized upgrade strategies that maximize return on investment through targeted capital deployment across the portfolio.
Growth Opportunities
Streamlining management systems presents immediate opportunities to improve net operating income, while light renovations and strategic updates position the property for significant rental rate increases. The growing Greenville rental market provides strong fundamentals for long-term appreciation and sustained tenant demand.
Why This Investment Works
This property delivers immediate cash flow through established rental income from a proven portfolio while offering substantial appreciation potential through strategic value-add improvements. The 30-unit structure provides excellent diversification by spreading risk across multiple revenue streams, all within Greenville’s growth market that demonstrates strong rental demand. The varied building types throughout the portfolio create flexibility for customized investment strategies, allowing investors to tailor their approach based on their specific goals and capital deployment preferences.
Perfect for: Experienced investors seeking a substantial multifamily acquisition with proven income and clear value-add pathways in a growth market.
