Skye at Main 835 S Main St 85 Unité Immeuble d’appartements À vendre Greenwood, SC 29646

- Proven Rent Upside: Recent leasing demonstrates rents materially above current averages across all unit types, providing a clear path to drive $150K+ in additional revenue through renovating remaining original units with already achieved high-water marks.
- Back-Half Value-Add Execution: Ownership has invested ~$10K/unit across interiors and exteriors, validating the renovation program while leaving low-risk upside through continued unit standardization and operational execution. Ownership has renovated 54 units to the same level leaving new ownership with a light value add play.
- Strong In-Place Cash Flow with Continued Growth: Utilizing trailing three-month income, the asset is operating at a ~$443k NOI (tax adjusted) with upward rent momentum, offering both immediate yield and embedded growth.
- Operational Efficiencies & Ancillary Income Opportunities: Additional upside exists through utility recapture optimization, continued expense management, and ancillary income streams (fees, RUBS, etc.), further enhancing NOI beyond rent growth alone. Opportunity to implement a bulk cable/internet contract across the property.
- Strategic Location Anchored by Lander University: The property benefits from its position in Greenwood, anchored by Lander University, a key demand driver with consistent student, faculty, and staff housing needs, alongside regional employment from healthcare, manufacturing, and distribution sectors supporting long-term rental
demand.