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Hampton Ridge Apartments 121 Lyman Ave 54 Unit Apartment Building For Sale Duncan, SC 29334
Executive Summary
Investment Highlights
• 54 townhome-style units with a mix of one-, two-, three-, and four-bedroom floor plans
• Value-add upside through interior upgrades, including kitchen cabinets, countertops, and appliances.
• Low-density 8-acre site with the potential to add 16 additional units.
• Sidewalk access to highly regarded public schools.
• Located along the I-85 “Boom Belt”, one of the fastest-growing regions in the U.S., projected to reach nearly 30 million residents in the coming years
• Proximity to major economic drivers, including:
o BMW Manufacturing (Greer, SC – approximately 10 minutes), the largest automotive manufacturing plant in the United States.
o Michelin North America, headquartered in Greenville with multiple manufacturing and R&D facilities across Greenville and Spartanburg Counties.
o Inland Port Greer, which connects the Port of Charleston to the Upstate, supporting thousands of jobs and fostering new business.
• 54 townhome-style units with a mix of one-, two-, three-, and four-bedroom floor plans
• Value-add upside through interior upgrades, including kitchen cabinets, countertops, and appliances.
• Low-density 8-acre site with the potential to add 16 additional units.
• Sidewalk access to highly regarded public schools.
• Located along the I-85 “Boom Belt”, one of the fastest-growing regions in the U.S., projected to reach nearly 30 million residents in the coming years
• Proximity to major economic drivers, including:
o BMW Manufacturing (Greer, SC – approximately 10 minutes), the largest automotive manufacturing plant in the United States.
o Michelin North America, headquartered in Greenville with multiple manufacturing and R&D facilities across Greenville and Spartanburg Counties.
o Inland Port Greer, which connects the Port of Charleston to the Upstate, supporting thousands of jobs and fostering new business.
Property Facts
| Sale Type | Investment | Lot Size | 8.04 AC |
| No. Units | 54 | Building Size | 48,030 SF |
| Property Type | Multifamily | Average Occupancy | 93% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1982 |
| Building Class | B |
| Sale Type | Investment |
| No. Units | 54 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 8.04 AC |
| Building Size | 48,030 SF |
| Average Occupancy | 93% |
| No. Stories | 2 |
| Year Built | 1982 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- Laundry Facilities
- Playground
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | 581 |
| 2+1.5 | 20 | - | 832 |
| 3+1.5 | 24 | - | 968 |
| 4+2 | 4 | - | 1,168 |
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 5-20-06-111.00 | Improvements Assessment | $50,010 |
| Land Assessment | $12,096 | Total Assessment | $62,106 |
Property Taxes
Parcel Number
5-20-06-111.00
Land Assessment
$12,096
Improvements Assessment
$50,010
Total Assessment
$62,106
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Hampton Ridge Apartments | 121 Lyman Ave