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Eagle Trace Apartments 1 Lakeside Rd 309 Unit Apartment Building For Sale Greenville, SC 29611
Executive Summary
- Institutional Sized Property: Boasting 309 units with a wide range of unit mixes catering to both singles and families, Eagle Trace offers the next investor a unique opportunity to pickup one of only a handful of institutional sized properties in the highly sought after Greenville MSA significantly below replacement cost.
- Surrounded by Jobs: Positioned directly in between two big workforce and hourly logistics employment hubs: Southeastern Freight Lines Service Center (Employment 200+) and the Amazon Delivery Station (Employment ~150+) providing Eagle Trace’s core renter profile with convenient work options.
- Quick Access to Award Winning Downtown: Easy access to both I-85 and Highway 185 means a quick commute for other residents into bustling downtown Greenville and all it’s amenities as well the convenience of easy access to all the area’s other top employers.
- Strong Area Median Income: 5 mile radius boasts an $94,880 median income, showing promising growth in the submarket and continued asset and submarket appreciation.
- Most Capex Completed: Approximately 70% of the units have had interior renovations, including but not limited to new countertops, tile flooring, brushed nickel finishes and new cabinetry. Significant capital improvements have been made to exteriors including all new windows, new marquee stone signage, a new playground and several roofs replaced.
- Tax Abatement Program Upside: Opportunity to boost NOI significantly by putting the property into the Safe Harbor affordable housing program and pay a fee in lieu of the full tax bill.
- Surrounded by Jobs: Positioned directly in between two big workforce and hourly logistics employment hubs: Southeastern Freight Lines Service Center (Employment 200+) and the Amazon Delivery Station (Employment ~150+) providing Eagle Trace’s core renter profile with convenient work options.
- Quick Access to Award Winning Downtown: Easy access to both I-85 and Highway 185 means a quick commute for other residents into bustling downtown Greenville and all it’s amenities as well the convenience of easy access to all the area’s other top employers.
- Strong Area Median Income: 5 mile radius boasts an $94,880 median income, showing promising growth in the submarket and continued asset and submarket appreciation.
- Most Capex Completed: Approximately 70% of the units have had interior renovations, including but not limited to new countertops, tile flooring, brushed nickel finishes and new cabinetry. Significant capital improvements have been made to exteriors including all new windows, new marquee stone signage, a new playground and several roofs replaced.
- Tax Abatement Program Upside: Opportunity to boost NOI significantly by putting the property into the Safe Harbor affordable housing program and pay a fee in lieu of the full tax bill.
Property Facts
| Sale Type | Investment | Lot Size | 32.02 AC |
| No. Units | 309 | Building Size | 267,824 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1974/2019 |
| Apartment Style | Garden | Parking Ratio | 1.54/1,000 SF |
| Building Class | B | ||
| Zoning | RMA | ||
| Sale Type | Investment |
| No. Units | 309 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 32.02 AC |
| Building Size | 267,824 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1974/2019 |
| Parking Ratio | 1.54/1,000 SF |
| Zoning | RMA |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Heating
- Refrigerator
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Vinyl Flooring
- Window Coverings
Site Amenities
- Business Center
- Laundry Facilities
- Playground
- Property Manager on Site
- Laundry Service
- Package Service
- Maintenance on site
- Sundeck
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | WG10.05-01-001.02 | Improvements Assessment | $1,279,119 CAD |
| Land Assessment | $152,655 CAD | Total Assessment | $1,431,774 CAD |
Property Taxes
Parcel Number
WG10.05-01-001.02
Land Assessment
$152,655 CAD
Improvements Assessment
$1,279,119 CAD
Total Assessment
$1,431,774 CAD
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Eagle Trace Apartments | 1 Lakeside Rd
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