Town Square – 40 Units

Waterstone Multi-Housing Advisors is pleased to present Town Square Apartments, a 40-unit complex located in Belton, SC.

Belton is located only 35 minutes from Greenville SC. The property is within walking distance of the town center, between five and fifteen minutes from the local schools and in easy commuting distance of the entire Greenville-Spartanburg-Anderson MSA.

Town Square is a property that has recently turned full market-rate after exiting USDA rural development program. The brick exterior requires little-to-no upkeep, and Amenities include:

• Playground area
• On-site laundry
• Washer/Dryer hookups
• Tenants pay own utilities
• On-site office
• HVAC’s upgraded

This property offers the opportunity to acquire an asset that has just begun undergoing rent increases. Tenants remaining from previous ownership when property was in USDA program are now getting guaranteed USDA rent vouchers (sent direct-to-owner) for as long as they remain in the units (see rent roll). Units have been renovated as they’ve come vacant, the rest remain stable and occupied. There is no deferred maintenance currently needed.

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