Grandeagle

Posted: 2/5/2018
SOLD
152 Units
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About

About Grandeagle

Offers due:  Tuesday, March 13, 2018

The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 152-unit, 1967-built Grandeagle apartments in Greenville, SC. The property is located within the Upstate’s “Industry Triangle” that plays home to 8 of the city’s 10 largest employers and 50,000 jobs. Grandeagle offers residents walking distance dining options and seamless access to the area’s premier retail destinations given its proximity to Interstate-385. A recent capital infusion of more than $850k offers investors an ideal launch-pad for unit interior upgrades to escalate income. New ownership will be uniquely positioned to select from multiple go-forward value-add strategies – completing the current platform achieving $135 premiums, or pivoting to a market-supported “Value-Add 2.0” with impactful NOI growth potential of 66%.