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Windy Hill Apartments 122 Wendy Hill Way 12 Unit Apartment Building $3,209,301 CAD ($267,442 CAD/Unit) 6.66% Cap Rate Piedmont, SC 29673



Investment Highlights
- Strong demand for three bedroom units with limited competing inventory in the immediate Piedmont submarket.
- Fully renovated interiors across all units support immediate cash flow with larger floor plans well positioned for continued tenant demand and natural
- The comprehensive 2023 renovation program enhances the property’s overall market positioning and appeal.
- Proximity to Greenville’s employment base supports long term rental demand and population growth.
- Located within a growing regional corridor benefiting from continued economic expansion.
Executive Summary
Marcus & Millichap is pleased to present Windy Hill Apartments, a 12 unit multifamily community located in Piedmont, South Carolina. Situated on approximately 1.00 acre, the property consists entirely of spacious three bedroom, two bathroom units built in 1999. The asset underwent extensive renovations and capital improvements in 2023, including full interior upgrades with new cabinets, granite countertops, tile backsplashes, stainless steel appliances, updated lighting, and in unit washer and dryers, as well as exterior and common area enhancements such as a new roof, replumbed PEX system, new windows and shutters, exterior brick paint, parking lot improvements, and the addition of amenities including a dog park, grilling area, fire pit, and covered seating. With limited inventory of larger format rental units in the immediate area, Windy Hill Apartments is well positioned to capture strong demand for well sized housing options while providing residents with a comfortable suburban setting and convenient access to surrounding employment and retail corridors.
Piedmont is a growing residential community located within both Anderson and Greenville counties, just a short drive from downtown Greenville, one of the most dynamic economic hubs in the Southeast. Greenville is supported by a diverse economy including manufacturing, healthcare, and professional services, which continues to attract new residents and businesses to the region. Piedmont benefits from this growth while offering a more suburban living environment, making it an appealing option for renters who commute into Greenville for work. The combination of accessibility and steady regional growth positions the Piedmont submarket for continued rental demand.
Piedmont is a growing residential community located within both Anderson and Greenville counties, just a short drive from downtown Greenville, one of the most dynamic economic hubs in the Southeast. Greenville is supported by a diverse economy including manufacturing, healthcare, and professional services, which continues to attract new residents and businesses to the region. Piedmont benefits from this growth while offering a more suburban living environment, making it an appealing option for renters who commute into Greenville for work. The combination of accessibility and steady regional growth positions the Piedmont submarket for continued rental demand.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $3,209,301 CAD | Building Class | C |
| Price Per Unit | $267,442 CAD | Lot Size | 1.00 AC |
| Sale Type | Investment | Building Size | 14,244 SF |
| Cap Rate | 6.66% | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1999/2023 |
| Property Subtype | Apartment | Parking Ratio | 1.68/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | commercial - Commercial | ||
| Price | $3,209,301 CAD |
| Price Per Unit | $267,442 CAD |
| Sale Type | Investment |
| Cap Rate | 6.66% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.00 AC |
| Building Size | 14,244 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1999/2023 |
| Parking Ratio | 1.68/1,000 SF |
| Zoning | commercial - Commercial |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Courtyard
- Walking/Biking Trails
- Maintenance on site
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 12 | - | 1,187 |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 237-00-11-001 | Improvements Assessment | $90,531 CAD |
| Land Assessment | $15,866 CAD | Total Assessment | $106,397 CAD |
Property Taxes
Parcel Number
237-00-11-001
Land Assessment
$15,866 CAD
Improvements Assessment
$90,531 CAD
Total Assessment
$106,397 CAD
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Windy Hill Apartments | 122 Wendy Hill Way
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