May
07

Simpsonville Apartments Sold for $39,545/unit

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The Bridgeway Apartments, located at 617 Richardson Street, Simpsonville, SC have sold. The 88 unit complex was built in 1988 and has 1BR/1B and 2BR/2B units. The sales price was $3,480,000, or $39,545/unit. The cap rate was reportedly 8.14% based on actual net income.

Mark Boyce, with Marcus and Millichap’s National Multi Housing Group represented the buyer and the seller.

 

 

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    Categories : Greenville

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