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The Alston 6800 White Horse Rd 96 Unit Apartment Building For Sale Greenville, SC 29611
Investment Highlights
- Newly Constructed Asset Offered at a Discount to Replacement Cost
- Unit Mix Aligned with Local Demand
- Amenity Deficit Creates a Defined Value-Add Play
Executive Summary
Greysteel is proud to present the opportunity to acquire Alston Apartments, a 2024-construction multifamily property featuring one- and two-bedroom units with modern design and conveniently located between downtown Greenville, Furman University, and Travelers Rest. The opportunity is offered at Market Value, free and clear where a new owner may capitalize the acquisition with new debt.
Being only two years old, the Property is available at a discount to replacement cost and with significant mark-to-market opportunity on the in-place rents. Value may be further driven through development of additional amenities at the site.
Being only two years old, the Property is available at a discount to replacement cost and with significant mark-to-market opportunity on the in-place rents. Value may be further driven through development of additional amenities at the site.
Property Facts
| Sale Type | Investment | Lot Size | 6.34 AC |
| No. Units | 96 | Building Size | 92,649 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2024 |
| Apartment Style | Low-Rise | Parking Ratio | 1.75/1,000 SF |
| Building Class | B | ||
| Zoning | R-M20 - Residential / Commercial | ||
| Sale Type | Investment |
| No. Units | 96 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 6.34 AC |
| Building Size | 92,649 SF |
| No. Stories | 3 |
| Year Built | 2024 |
| Parking Ratio | 1.75/1,000 SF |
| Zoning | R-M20 - Residential / Commercial |
Amenities
Unit Amenities
- Dishwasher
- Disposal
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Views
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Pet Play Area
- Maintenance on site
- Online Services
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 54 | - | 647 |
| 2+2 | 42 | - | 907 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
20/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | B013.02-01-010.00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,585,000 |
Property Taxes
Parcel Number
B013.02-01-010.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,585,000
Contacts
-
Britt Gillespie -
Hayden Davis -
Jimmy Poole -
Wesley Fricks -
John Manning -
Greysteel Holdings
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The Alston | 6800 White Horse Rd
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