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104 Raley St
Cheraw, SC 29520
Greystone Apartments · Multifamily Property For Sale
·
30 Units
Investment Highlights
- Huge Upside with Hands-on Management
Executive Summary
Greystone Apartments presents an opportunity to acquire a 30-unit multifamily community comprised of 15 duplex buildings in Cheraw, South Carolina. The property consists primarily of 2-bedroom, 1-bathroom units, with five 3-bedroom units and three 1-bedroom, 1-bathroom units. Most units are approximately 800 square feet. Current ownership has implemented rent increases and completed select improvements, including updates to plumbing, appliances, and cabinetry in various units. 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 local management. At 100% occupancy, the property generates projected annual gross rental income of approximately $257,700. The unit mix, manageable building configuration, and continued upside potential make Greystone Apartments an attractive investment for buyers seeking stable cash flow with opportunities for future growth. Conveniently located in Cheraw, SC, this multifamily asset offers investors the chance to acquire a sizable apartment community in a growing rental market with proven demand for affordable workforce housing.
Property Facts
| Price Per Unit | $46,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 2.62 AC |
| No. Units | 30 | Building Size | 17,640 SF |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1984 |
| Apartment Style | Garden |
| Price Per Unit | $46,667 |
| Sale Type | Investment |
| No. Units | 30 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.62 AC |
| Building Size | 17,640 SF |
| No. Stories | 1 |
| Year Built | 1984 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Tub/Shower
- Wi-Fi
Site Amenities
- 24 Hour Access
- Controlled Access
- Smoke Free
- Wi-Fi
- Online Services
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 30 | - | - |
Property Taxes
| Parcel Number | 272-005-007-006 | Improvements Assessment | $37,560 |
| Land Assessment | $2,940 | Total Assessment | $40,500 |
Property Taxes
Parcel Number
272-005-007-006
Land Assessment
$2,940
Improvements Assessment
$37,560
Total Assessment
$40,500
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