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.
| Listing Id: | 2602428 |
|---|---|
| List Price: | $1,400,000 |
| Property Type: | Residential Income |
| Property Sub Type: | Apartment Complex |
| Status: | Active |
| Living Area: | 24,000 |
| Lot Size Square Feet: | 113,256 |
| Lot Size Acres: | 2.6 |
| Waterfront?: | No |
| City: | Cheraw |
| County Or Parish: | Chesterfield |
| Subdivision Name: | City |
| Postal Code: | 29520 |
| Year Built: | 1989 |
| Number Of Units Total: | 30 |
| Basement: | false |
| Building Area Total: | 24000 |
| Construction Materials: | Block Masonry, Brick Veneer, Stucco |
| Geographical Coordinates (LongitudeLatitude): | -79.88707889999999, 34.6896899 |
| Elementary School: | Other |
| Flooring: | Vinyl, Luxury Vinyl Plank |
| Heating: | Base Electric |
| Heating?: | Yes |
| High School: | Other |
| Should This Listing Participate In Idx.: | Yes |
| The Full Name Of The Listing Agent. (First Middle Last): | Jonathan C Lee |
| List Agent Key: | 54139ea819f6171546ff4afa175c4c99 |
| Listing Contract Date: | 2026-06-12 |
| Living Area Units: | Square Feet |
| Lot Size Area: | 2.6 |
| Lot Size Units: | Acres |
| MLS Area Major: | Cheraw |
| Middle Or Junior School: | Other |
| Mls Status: | Active |
| Parcel Number: | 272 005 007 006 |
| Parking Features: | Off Street |
| System Generated Timestamp Of When The Last Update Or Change To The Photos For This Listing Was Made.: | 2026-06-12T20:39:01.748Z |
| Roof: | Composite Shingle, Architectural Shingle, Metal |
| Sewer: | Public Sewer |
| State Or Province: | SC |
| Stories: | 1 |
| Water Source: | Public |
| A List Of Feed Types That This Resource Belongs To.: | IDX |
Listing Courtesy of: Choice Realty, Inc.
Listing Agent: Jonathan Lee
843-991-4848
Mortgage Calculator
The data on this website relating to real estate for sale comes in part from the IDX Program of the Realtor Association of Greater Pee Dee.
All information is believed accurate but not guaranteed. The properties displayed may not be all of the properties available through the IDX Program. Any use of this site other than by potential buyers or sellers is strictly prohibited.
© 2026 Realtor Association of Greater Pee Dee.
Realtor Association of Greater Pee Dee data last updated on October 08, 2026 06:33 PM - ET.
Property Last Updated: October 08, 2026 06:33 PM - ET
