4115 Liberty Highway, Anderson, SC 29621
Local realty services provided by:ERA Live Moore
4115 Liberty Highway,Anderson, SC 29621
$7,200,000
- - Beds
- - Baths
- 1,000 sq. ft.
- Multi-family
- Active
Listed by:david locke(864) 940-0575
Office:western upstate keller william (10321)
MLS#:20291973
Source:SC_AAR
Price summary
- Price:$7,200,000
- Price per sq. ft.:$7,200
About this home
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.
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Home facts
- Year built:1979
- Listing ID #:20291973
- Added:1 day(s) ago
- Updated:September 01, 2025 at 02:36 PM
Rooms and interior
- Living area:1,000 sq. ft.
Heating and cooling
- Cooling:Central Air, Electric
- Heating:Central, Electric, Individual
Structure and exterior
- Year built:1979
- Building area:1,000 sq. ft.
- Lot area:3.9 Acres
Schools
- High school:Tl Hanna High
- Middle school:Mccants Middle
- Elementary school:North Pointe Elementary
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$7,200,000
- Price per sq. ft.:$7,200
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