1127 Rutherford Rd
- 30-unit townhome community in Greenville's North Main submarket
- Spacious 2BR/1.5BA floorplans averaging approximately 1,000 SF
- Current average rents of approximately $1,295/unit
- Significant interior and exterior renovations already completed
- Opportunity for a new owner to further upgrade units and push rents toward approximately $1,550/unit
- Minutes from Downtown Greenville and major employment centers
- Located within one of the Southeast's fastest-growing markets
- Strong employment base led by BMW, Michelin, Prisma Health, GE Vernova, and Fluor
- Continued economic development and population growth supporting long-term apartment demand
Property Description
The Townes @ Summit is a 30-unit townhome community located in Greenville's highly desirable North Main corridor, one of the city's most established residential submarkets. The property consists entirely of spacious two-bedroom, one-and-a-half-bathroom floorplans averaging approximately 1,000 square feet and is currently achieving average rents of approximately $1,295 per unit. Current ownership has already completed significant interior and exterior capital improvements, creating a largely de-risked investment opportunity for the next owner. While substantial renovations have been completed, investors still have the opportunity to further upgrade unit interiors and continue pushing rents toward market levels of approximately $1,550 per unit. The property benefits from its location within the Greenville-Spartanburg MSA, one of the fastest-growing regions in the Southeast. Greenville continues to attract residents and businesses due to its strong employment base, business-friendly environment, and strategic location along the I-85 corridor between Charlotte and Atlanta. Major employers including BMW Manufacturing, Michelin North America, Prisma Health, GE Vernova, Fluor Corporation, and Lockheed Martin support a diverse economy and provide a stable foundation for multifamily demand. Recent economic development activity throughout the Upstate continues to drive long-term growth, with ongoing investment in advanced manufacturing, automotive, healthcare, and technology sectors. Combined with strong population growth and limited multifamily supply within established infill locations such as North Main, The Townes @ Summit is well-positioned to benefit from continued rental demand and future rent growth.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| No. of Units: | 30 |
| Year Built: | 1984 |
| Lot Size: | 2.06 Acres |
| Opportunity Zone: | No |
| Property Website | Click Here |
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