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33930598
33930599

Raley Street, Cheraw, SC 29520

Choice Realty
Listed by Choice Realty
$1,400,000
5 days on market
Updated 5 days ago

Greystone Apartment Community

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 24,000
Units 30
NOI $131,400
Occupancy 85%
Tenancy Multi
Class C
Year Built 1989
Buildings 15
Investment Type Value Add

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

Listing Contacts

Choice Realty
Listed by Choice Realty

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$131,400.00
$10,950.00/mo

Valuation Metrics

0
DSCR
9.39%
Cap Rate
9.39%
ROI

Map

Zoning

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R2 ResidentialMulti FamilyMulti Family Residential
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Last updated Feb 11, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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