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$7,200,000
4115 Liberty Hwy, Anderson, SC
Condo
For Sale
$--,---,---
000
- Key Facts
- Description
- Map
Key Facts
Type Apartment
Levels Residential Income
Size -
Garage No
Maintenance Fees
Taxes
Days Active 5
Approx. Age 1979
MLS® Number 20291973
Property Address:
Average square foot calculated using Size range provided by listing agent.
Description
North Gate Apartments represents a rare opportunity to acquire a stabilized, well-maintained multifamily community in the rapidly growing Upstate South Carolina market. Built in 1981 and family-owned for decades, this 52-unit property offers investors consistent occupancy, strong tenant demand, and value-add potential through modest renovations and operational improvements. Property Summary Units: 52 two-bedroom, one-bathroom apartments (~1, 000 sq. Ft. Each) Total NRA: ~52, 000 sq. Ft. Buildings: Garden-style layout with pool and common areas Construction: Brick veneer with pitched roofs Years Built: 1979-1981 Rent Roll & Operations Current Rents: $990–$1, 255 per unit, depending on floor level Lease Term: Standard 12-month leases Occupancy: Historically strong with low turnover due to desirable location and management practices Income Requirement: Tenants must earn 3x rent with background, credit, and rental history screening—supporting strong tenant quality and reducing delinquency Amenities & Features Community: Swimming pool, courtyard, picnic & grilling areas, ample parking In-Unit: Washer/dryer hookups, fully equipped kitchens, walk-in closets, cable & internet ready Utilities: Trash pickup included, tenants responsible for other utilities Location Advantages North Gate Apartments sits just off Liberty Highway with immediate access to I-85, connecting Anderson to Greenville, Clemson, and Atlanta. The property is minutes from Anderson’s main retail corridors, grocery stores, dining, and medical services. Employment Drivers: Anderson University, AnMed Health Medical Center, Michelin, Bosch, and Electrolux all provide strong regional employment bases. Education: Zoned to desirable Anderson District 5 schools (North Pointe Elementary, McCants Middle, T.L. Hanna High). Higher Education: Anderson University (5 miles), Tri-County Tech (9 miles), Clemson University (14 miles). Market Strength Anderson is part of the Greenville-Spartanburg-Anderson CSA, one of the fastest-growing regions in the Southeast. Multifamily fundamentals remain robust with continued in-migration, limited new supply in Anderson proper, and strong rent growth relative to household income. North Gate is positioned as a quality, affordable option within a market where new construction often prices above $1, 400+ for similar two-bedroom units. Investment Highlights Stabilized Asset: 52-unit property with consistent occupancy and cash flow. Affordable Rents: Below-market rents with immediate room for incremental increases. Value-Add Potential: Light renovations (interior updates, amenity upgrades, RUBS program) could enhance NOI. Strong Location: Minutes from I-85, retail, employment, and schools. Institutional Fundamentals: Solid construction, proven tenant demand, long-term ownership history. Conclusion North Gate Apartments offers investors a well-located, cash-flowing multifamily property in the heart of Anderson, SC. With below-market rents, stable operations, and clear value-add levers, this asset is well positioned to deliver both steady income and long-term appreciation in one of the Southeast’s most dynamic growth corridors.Show Description
MLS® Number20291973
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1979
Stories
Pets
Corp Number
Included in Maintenance Fee
Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance
Utilities
HeatCentral, Electric, Individual
A/CCentral Air, Electric
Heating Fuel
Extras
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