73 Unit Multifamily Portfolio 2 Multifamily Properties in Multiple Locations

Aline Capital is pleased to present this Newberry Multifamily Portfolio, consisting of 73 units in Newberry, South Carolina, across two sites: 1728 Indian Land Road and 97 Gary St. The stabilized portfolio offers a potential value-add opportunity through organic rent growth and continued interior improvements. 68% of units renovated at Indian Land and 60% of units renovated at Gary St. The properties would benefit from a skilled professional management team to further enhance and stabilize rental income. Additionally, a partnership with a non-profit organization could significantly reduce the property tax burden—by up to an estimated 75%. The portfolio also has an assumable Fannie Mae loan. The surrounding area is supported by a diverse local economy, anchored by manufacturing, education (Newberry College), and healthcare. Major employers in the area include Samsung Electronics America, Komatsu America, and Newberry County Memorial Hospital. Newberry College also plays a key role in the local economy, contributing to both employment and student housing demand. These employers provide a stable base that supports consistent rental demand across the multifamily sector. Given its proximity to regional economic centers such as Columbia and Greenville, along with a solid base of local employment and steady tenant demand, the portfolio may suit investors seeking secondary market exposure with modest repositioning potential.