Nov
23

Greenville Apartments Sold for $30,550/Unit

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stratham PlaceTony Bonitati, Kay Hill and Bern DuPree of NAI Earle Furman’s Multifamily Division represented the Seller, Stratham Place Hld., LLC in the sale of Stratham Place Apartments  in Greenville, SC. The multifamily property sold for $2,750,000 ($30,556/Unit) to Bywater Development Group out of St. Louis, MO. The buyer, Bywater Development Group, specializes in developing, planning, financing, and implementing transformative affordable housing developments throughout the mid-western and southern regions of the United States.

Stratham Place is a 90-unit apartment complex located at 207 Shaw Street in Greenville, SC. This property is one block off of Poinsette Highway and within one mile of downtown Greenville. Stratham Place was built in 1955. The units are heated and cooled with wall mounted heat pumps. Tenants are responsible for electricity and water and sewer are master metered. This complex consists of two and three-bedroom units. The two-bedroom units are approximately 700 square feet and the three-bedroom units are approximately 1400 square feet. All of the buildings are wood framed construction with brick siding and flat roofs.

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    Categories : Greenville

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