About
About 2950 North
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of 2950 North, a 156-unit multifamily community located in the desirable Eastside Greenville submarket. Built in 1984, the property offers a compelling value-add opportunity supported by strong demographics, favorable submarket fundamentals, and limited new supply. 2950 North benefits from approximately $105k in average household income within five miles, while the Eastside Greenville submarket has experienced 20.8% cumulative rent growth since 2020. The property offers proven renovation upside across 95 remaining units, consisting of 71 classic units and 24 partially renovated units, with the renovation strategy supported by current market rents being achieved in fully renovated units. These renovated units demonstrate rental premiums of approximately $96–$245 per month over classic units and $49–$145 per month over partially renovated units, depending on floorplan. With no units currently under construction in the submarket and convenient access to Greenville’s major employment and retail hubs, 2950 North is well positioned to capture additional rental growth and create meaningful value through the continued renovation of the remaining unit inventory.
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