Listed by Greysteel, Greysteel Company LLC Washington, D.C.
Unpriced
The Alston Apartments
Details
Property Type Multifamily
Sub Type Apartment Building
Net Rentable (SqFt) 73,032
Units 96
Class A
Year Built 2024
Buildings 3
Acreage 6.340
Zoning R-M20
Investment Type Value Add
2024 Construction | Inherent Value Add Through Amenitization and Mark-to-Market Rents
Marketing description
Greysteel is proud to present the opportunity to acquire Alston Apartments, a 2024-construction multifamily property featuring one- and two-bedroom units with modern design and conveniently located between downtown Greenville, Furman University, and Travelers Rest. The opportunity is offered at Market Value, free and clear where a new owner may capitalize the acquisition with new debt.
Being only two years old, the Property is available at a significant discount to replacement cost and with a compelling mark-to-market opportunity on the in-place rents. Value may be further driven through development of additional amenities at the site.
Investment highlights
- Newly Constructed Asset Offered at a Significant Discount to Replacement Cost
- Amenity Deficit Creates a Defined Value-Add Play
- Unit Mix Aligned with Local Demand
Listing Contacts
Listed by Greysteel, Greysteel Company LLC Washington, D.C.
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