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1146 Old Central Rd
Central, SC 29630
The Den at Clemson East · Multifamily Property For Sale
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76 Units
Investment Highlights
- Significant value-add opportunity through conversion from student housing to conventional multifamily - opening to a larger renter pool
- Proximity to Clemson University, Lake Hartwell, and Greenville supports strong demand
- Immediate NOI upside via utility bill-back and expense normalization
- Opportunity to acquire at a lower basis compared to previous sales price
Executive Summary
Marcus & Millichap is pleased to present for sale The Den at Clemson East, a 76-unit multifamily asset built in 1998. Situated on approximately 25 acres, the property is located just three miles from Clemson University.
The Den at Clemson East offers a unit mix of two-bedroom, one-bath and three-bedroom, two-bath floor plans, featuring functional layouts and washer and dryer hookups in every unit. The asset has been well maintained, with all units upgraded in 2022, including new flooring, cabinetry, and appliances.
A new investor has the opportunity to transition leasing from a per-bed to a per-unit basis, capturing rental upside while appealing to both student and non-student residents—effectively expanding the tenant pool and enhancing long-term demand.
The property benefits from a strong location just minutes from Clemson University and nearby retail amenities. A newly developed Harris Teeter shopping center is located approximately 1.7 miles away, providing convenient access to daily necessities and dining options.
This offering provides investors the opportunity to acquire a well-located, renovated asset at an attractive basis, with the ability to capitalize on continued market growth and strong rental demand in the Clemson area.
The Den at Clemson East offers a unit mix of two-bedroom, one-bath and three-bedroom, two-bath floor plans, featuring functional layouts and washer and dryer hookups in every unit. The asset has been well maintained, with all units upgraded in 2022, including new flooring, cabinetry, and appliances.
A new investor has the opportunity to transition leasing from a per-bed to a per-unit basis, capturing rental upside while appealing to both student and non-student residents—effectively expanding the tenant pool and enhancing long-term demand.
The property benefits from a strong location just minutes from Clemson University and nearby retail amenities. A newly developed Harris Teeter shopping center is located approximately 1.7 miles away, providing convenient access to daily necessities and dining options.
This offering provides investors the opportunity to acquire a well-located, renovated asset at an attractive basis, with the ability to capitalize on continued market growth and strong rental demand in the Clemson area.
Property Facts
| Sale Type | Investment | Building Class | B |
| No. Units | 76 | Lot Size | 25.88 AC |
| Property Type | Multifamily | Building Size | 77,260 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1998 |
| Zoning | RM 3 | ||
| Sale Type | Investment |
| No. Units | 76 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 25.88 AC |
| Building Size | 77,260 SF |
| No. Stories | 2 |
| Year Built | 1998 |
| Zoning | RM 3 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Washer/Dryer
- Washer/Dryer Hookup
- Ceiling Fans
- Kitchen
- High Speed Internet Access
- Views
- Wheelchair Accessible (Rooms)
Site Amenities
- Clubhouse
- Fitness Center
- Laundry Facilities
- Picnic Area
- Playground
- Pool
- Tenant Controlled HVAC
- Furnished Units Available
- Grill
- Wi-Fi
- Roommate Matching
- Study Lounge
- Walk To Campus
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 28 | - | 805 |
| 3+2 | 48 | - | 1,140 |
Property Taxes
| Parcel Number | 4054-07-77-0902 | Improvements Assessment | $518,100 |
| Land Assessment | $152,990 | Total Assessment | $671,090 |
Property Taxes
Parcel Number
4054-07-77-0902
Land Assessment
$152,990
Improvements Assessment
$518,100
Total Assessment
$671,090
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