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212 Rice Rd
Easley, SC 29640

Price Upon Request

Apartments For Sale  •  291,580 SF

Property Details

  • Property Type Apartments
  • Total Building Size 291,580 SF
  • Lot Size 19.2 AC
  • Building Class B
  • Year Built 1928
  • Tenancy Single
  • Zoning MF
0 Transit Score
1 Walk Score

Highlights

Pickens County moratorium on all multi-unit residential extended 6 months (through 10/1/24)
Limited supply of new multifamily in the current development pipeline (lower vacancy than Greenville)
Bailey Bill tax abatement projected yield upwards of $4.65M in savings (over 15 yrs)
Property approved for Historic & Textile Mill Rehabilitation tax credits (approx. 40% rebate on construction costs)
Consistent submarket rent growth in recent years: rates averaging $1.35-1.60 sf/month
Limited supply of studio and 1 BR units in the market; the units can command significant per sf premium

Property Flyers

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Courtyard
  • Pool
  • Walking/Biking Trails
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower
  • Lounge
  • Freezer

Public Transportation

AirportDriveWalkDistance
Greenville Spartanburg International 48 min - 30.7 mi
Gary Lyons, CCIM,SIOR, MBA 919-323-0118 Avison Young
Gary Lyons, CCIM,SIOR, MBA 919-323-0118 Avison Young