

Greystone Apartment Community
Multifamily | 30 Units
Marketing description
CHOICE Realty, Inc. is pleased to present for sale Greystone Apartments comprised of 30-units in 15 duplexes, located in Cheraw, South Carolina. Majority are 2BR/1BA units with each unit approx 800 sq ft. When 100% occupied, annual gross rent is $257,700. With the property being self-managed by an out-of-town owner, a significant Value-Add Opportunity exists for an investor to further improve operations, increase efficiencies, reduce vacancy loss, and maximize rental income through professional management. See brochure for more information.
Cheraw is located on the Pee Dee River in Chesterfield County. Cheraw is 40 minutes drive from Florence, SC; 85 miles northeast of Columbia, SC; and 75 miles southeast of Charlotte, NC. Cheraw offers a rich history and continues to grow with industry, education and healthcare.
Investment highlights
- Significant Upside Through Professional Management
- Located near downtown Cheraw
- Half have newer roofs (shingled or metal roofs)
- Updates include cabinets, flooring, plumbing, appliances
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