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The Townes @ Summit 1127 Rutherford Rd 30 Unit Apartment Building For Sale Greenville, SC 29609
Executive Summary
30-unit, low-density townhome community in Greenville’s established North Main/Rutherford Road corridor
1984 Build
94% occupied, providing immediate in-place cash flow
Spacious 2BR/1.5BA townhomes averaging approximately 1,000 square feet
Private entrances and two-story layouts that differentiate the property from conventional apartments
26 of 30 unit interiors renovated, substantially reducing the remaining capital requirement
Significant improvements already completed by current ownership including roof, subfloors and numerous HVAC's
Clear path to rent growth, with market rents approaching $1,500 per unit
Remaining upside achievable through targeted interior upgrades and continued lease-to-market growth
Infill location minutes from Downtown Greenville, Cherrydale, Wade Hampton Boulevard, and major employment centers
Limited competing low-density townhome product within Greenville’s established infill neighborhoods
PROPERTY DATA ROOM & WEBSITE: https://www.alinecapital.com/properties/?propertyId=1658097-sale
1984 Build
94% occupied, providing immediate in-place cash flow
Spacious 2BR/1.5BA townhomes averaging approximately 1,000 square feet
Private entrances and two-story layouts that differentiate the property from conventional apartments
26 of 30 unit interiors renovated, substantially reducing the remaining capital requirement
Significant improvements already completed by current ownership including roof, subfloors and numerous HVAC's
Clear path to rent growth, with market rents approaching $1,500 per unit
Remaining upside achievable through targeted interior upgrades and continued lease-to-market growth
Infill location minutes from Downtown Greenville, Cherrydale, Wade Hampton Boulevard, and major employment centers
Limited competing low-density townhome product within Greenville’s established infill neighborhoods
PROPERTY DATA ROOM & WEBSITE: https://www.alinecapital.com/properties/?propertyId=1658097-sale
Property Facts
| Sale Type | Investment | Lot Size | 2.06 AC |
| No. Units | 30 | Building Size | 48,930 SF |
| Property Type | Multifamily | Average Occupancy | 94% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1984/2022 |
| Building Class | C | Parking Ratio | 1.22/1,000 SF |
| Zoning | R6 | ||
| Sale Type | Investment |
| No. Units | 30 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.06 AC |
| Building Size | 48,930 SF |
| Average Occupancy | 94% |
| No. Stories | 2 |
| Year Built/Renovated | 1984/2022 |
| Parking Ratio | 1.22/1,000 SF |
| Zoning | R6 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Washer/Dryer Hookup
- High Speed Internet Access
- Refrigerator
- Oven
- Range
Site Amenities
- Vision Impaired Accessible
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 30 | $1,295 | 1,000 |
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Fairly walkable
50/100
Very drivable
80/100
Limited public transit
20/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 0183.01-06-009.00 | Improvements Assessment | $162,520 |
| Land Assessment | $7,500 | Total Assessment | $170,020 |
Property Taxes
Parcel Number
0183.01-06-009.00
Land Assessment
$7,500
Improvements Assessment
$162,520
Total Assessment
$170,020
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The Townes @ Summit | 1127 Rutherford Rd
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