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North Franklin Apartments 1114 N Franklin Rd 38 Unit Apartment Building For Sale Greenville, SC 29617
EXECUTIVE SUMMARY
Offering Summary — North Franklin Apartments
1114 N Franklin Rd, Greenville, SC 29617
Property Overview
North Franklin Apartments is a well-located, value-oriented 38-unit multifamily property in Greenville’s established residential market. The community consists predominantly of spacious 2-bedroom, 1- to 1.5-bath units with functional floorplans ranging from approximately 700 – 850 sq ft, offering attractive rent per unit fundamentals relative to local peers.
Investment Highlights
• Stable Multifamily Asset: 38 residential units in an existing apartment community with solid occupancy drivers.
• Affordable Rent Positioning: Current market rents start in the mid-$900s to low-$1,100s for 2-bedroom units, positioning the property well within the affordable/middle-market segment.
• Pet-Friendly & Resident-Focused Amenities: Pet-friendly policies and progressive tenant programs (e.g., Flex Pay, Deposit Alternatives, Positive Credit Reporting) support leasing velocity and resident retention.
• Convenient Location: Situated in the 29617 zip, the property provides residents easy access to local shops, parks, commuter routes, and employment hubs in greater Greenville.
• Professional Management: Operated with systems that enhance resident convenience (e.g., smart locks) and offer quality living at an affordable price point.
1114 N Franklin Rd, Greenville, SC 29617
Property Overview
North Franklin Apartments is a well-located, value-oriented 38-unit multifamily property in Greenville’s established residential market. The community consists predominantly of spacious 2-bedroom, 1- to 1.5-bath units with functional floorplans ranging from approximately 700 – 850 sq ft, offering attractive rent per unit fundamentals relative to local peers.
Investment Highlights
• Stable Multifamily Asset: 38 residential units in an existing apartment community with solid occupancy drivers.
• Affordable Rent Positioning: Current market rents start in the mid-$900s to low-$1,100s for 2-bedroom units, positioning the property well within the affordable/middle-market segment.
• Pet-Friendly & Resident-Focused Amenities: Pet-friendly policies and progressive tenant programs (e.g., Flex Pay, Deposit Alternatives, Positive Credit Reporting) support leasing velocity and resident retention.
• Convenient Location: Situated in the 29617 zip, the property provides residents easy access to local shops, parks, commuter routes, and employment hubs in greater Greenville.
• Professional Management: Operated with systems that enhance resident convenience (e.g., smart locks) and offer quality living at an affordable price point.
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 5.50 AC |
| No. Units | 38 | Building Size | 53,208 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1979 |
| Building Class | C | Parking Ratio | 3.01/1,000 SF |
| Zoning | R-M20 | ||
| Sale Type | Investment |
| No. Units | 38 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 5.50 AC |
| Building Size | 53,208 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1979 |
| Parking Ratio | 3.01/1,000 SF |
| Zoning | R-M20 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Washer/Dryer Hookup
- Heating
- Refrigerator
- Oven
- Range
SITE AMENITIES
- Picnic Area
- Property Manager on Site
- Maintenance on site
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 30 | - | 700 - 884 |
| 2+1.5 | 8 | - | 850 |
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North Franklin Apartments | 1114 N Franklin Rd
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