Simpsonville (Greenville Market), SC 3-Story Townhome Site UNDER CONTRACT/SOLD
Simpsonville, South Carolina
Summary
This project is extremely well located at the intersection of several busy roads with great frontage. Located adjacent to Walmart and other retailers. The project is fully entitled land which includes 4 parcels that can be purchased as part of one transaction.
The density for the site is approximately 14 units to the acre which means the site should yield 110 units inclusive of all parcels. Strata SFR has lined up an engineering firm that can develop the lots and put a project plan in place. We have also lined up a regional home builder that can deliver the units at costs outlined on the spreadsheet.
We are projecting an average 1800 sq ft, 3 level townhome unit to fit well at the site and should rent out north of $1600 per month on average with an all-in price of $181k per unit which amounts to a discount of 13% to FMV. Model sizes can be altered to increase yields and alter return profiles for the site. Download spreadsheet for project particulars.
Project Introduction
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