The Townes @ Summit

Greenville, South Carolina is one of the fastest-growing markets in the Southeast, benefiting from strong population growth, a diverse employment base, and a business-friendly environment. The market is anchored by major employers including BMW Manufacturing, Michelin North America, Prisma Health, GE Vernova, Fluor Corporation, and Lockheed Martin, which collectively support thousands of jobs throughout the Upstate. Recent investment in advanced manufacturing, automotive, healthcare, and technology sectors continues to drive economic growth and housing demand, making Greenville a highly attractive market for multifamily investment.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.