Gleneagle

Posted: 8/27/2020
216 Units
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Gleneagle

About

About Gleneagle

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 224-unit Gleneagle apartment community located in Columbia, SC. This asset is situated in the capital city of South Carolina boasting strong submarket fundamentals including 15% projected rent growth and 13% average household income growth through 2025. Having changed between multiple management companies, current management operations are sound and trending in the right direction. Built in 1973, Gleneagle represents an outstanding opportunity to invest in a property that comes to market with a proven value-add plan set in-place by current ownership leaving 164 units (73%) to be renovated and command premiums of $125.