104 Raley St, Cheraw, SC 29520
104 Raley St, Cheraw, SC 29520
104 Raley St, Cheraw, SC 29520
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Taylor Graham Newton

Taylor Graham Newton

+1(843) 676-5465
$1,400,000
Est. payment /mo
24,000 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Apartment Complex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 113256

Square Footage 24,000 sqft

Price per Sqft $58

Subdivision City

MLS Listing ID 2602428

Year Built 1989

Lot Size 2.600 Acres

Property Sub-Type Apartment Complex

Property Description

Greystone Apartments presents an opportunity to acquire a 30-unit multifamily community comprised of 15 duplex buildings in Cheraw, South Carolina. The property consists primarily of 2-bedroom, 1-bathroom units, with five 3-bedroom units and three 1-bedroom, 1-bathroom units. Most units are approximately 800 square feet. Current ownership has implemented rent increases and completed select improvements, including updates to plumbing, appliances, and cabinetry in various units. With the property being self-managed by an out-of-town owner, a significant Value-Add Opportunity exists for an investor to further improve operations, increase efficiencies, reduce vacancy loss, and maximize rental income through professional local management. At 100% occupancy, the property generates projected annual gross rental income of approximately $257,700. The unit mix, manageable building configuration, and continued upside potential make Greystone Apartments an attractive investment for buyers seeking stable cash flow with opportunities for future growth. Conveniently located in Cheraw, SC, this multifamily asset offers investors the chance to acquire a sizable apartment community in a growing rental market with proven demand for affordable workforce housing.

Location

State SC

County Chesterfield

Area Cheraw

Interior

Heating Base Electric

Flooring Vinyl, Luxury Vinyl Plank

Fireplace No

Exterior

Parking Features Off Street

Roof Type Composite Shingle,Architectural Shingle,Metal

Garage No

Building

Story 1

Sewer Public Sewer

Water Public

Schools

Elementary Schools Other

Middle Schools Other

High Schools Other

School District Other

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Listed by: Choice Realty, Inc. • Jonathan C Lee

Nearby Locations

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Taylor Graham Newton

Taylor Graham Newton

+1(843) 676-5465

Agent | License ID: 123839

Agent License ID: 123839

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