May
21

NAI Earle Furman Brokers Anderson Apartments

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anderson aptsTony Bonitati, Kay Hill and Bern DuPree of NAI Earle Furman’s Multifamily Division represented the seller, Upstate Property Rentals, LLC in the sale of Springbrook Apartments, a 92-unit complex located at 104 Springbrook Court, Anderson, SC 29621. The 95% occupied multifamily property sold for $2,825,000, or $30,707/unit. According to Loopnet, the average rent is $515/month. The purchaser was Richmond Manor Apartments, Inc.

The sale of Springbrook Apartments represents the fifth property that the NAI Earle Furman Multifamily Division has sold for Upstate Property Rentals, LLC.

“We are pleased to have assisted our client in the sale of more than 300 units in the Upstate this past year, including Springbrook Apartments. This seller’s formula for stabilizing and rehabilitating apartment communities, combined with our national marketing platform, has helped our client achieve maximum returns,” said Tony Bonitati, multifamily broker at NAI Earle Furman.

Categories : Anderson

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