Universal at Pine Ridge

About Universal at Pine Ridge

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Universal at Pine Ridge, a 210-unit multifamily community located in Lyman, SC. Positioned in the heart of the Spartanburg/Greenville MSA, the property profits from Upstate’s robust economic growth. Residents benefit from proximity to key employers, including BMW Plant Spartanburg, Michelin Manufacturing Plant, and Greenville/Spartanburg International Airport, all within a less than 20-minute drive. Completed in 2023, Universal at Pine Ridge offers a prime investment opportunity with resort-style amenities and upscale finishes. Currently trailing competitors by an average of $258 in effective rent, there is potential to bridge the gap and generate an additional $615K in income through strategic rent increases and the introduction of Pest Control, Valet Trash, and Washer/Dryer programs. With a constrained supply pipeline and significant population growth of 36% since 2018, this property is poised for substantial future growth as it enters its second generation of leasing.