Apr
01

Spartanburg Apartments Sold for $22,464/Unit

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Capstone Apartment Partners has brokered the sale of Hillcrest Townhomes, a 138 unit value-add property located in Spartanburg, SC for $3,100,000 (or $22,464 per unit). Greenleaf Capital of Atlanta, GA acquired the property from Windmill Investments on March 21, 2014. Greenleaf Capital plans to continue renovating units in this 88.0% occupied, 1973 multifamily property, and intends to implement significant capital improvement plans in the coming months. The property has excellent frontage on a high-traffic thoroughfare, and is less than two miles from an expanding retail district.

Alex McDermott and Austin Green of Capstone Apartment Partners represented the seller in this transaction.

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    Categories : Spartanburg

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