College Pointe – 264 Beds

John Bergin, CCIM John@Waterstonemfg.com 704-804-3342

Brent Kubitschek Brent@Waterstonemfg.com 919-429-9694

Waterstone Multi-Family Group is pleased to present College Pointe Apartments – a 72 unit (264 bed) student housing property located in Spartanburg, SC. College Pointe is located, adjacent to the USC Upstate main campus and sports complex, less than 5 minutes from Spartanburg Community College, 10 minutes from Wofford College. It is also easily accessible from I-585, I-85 and lies just 10 minutes from downtown Spartanburg.

Property amenities include:

  • 24 Hour Fitness Gym
  • Gated Community
  • Clubhouse
  • TV Lounge
  • Pool Tables / Game Room
  • Swimming Pool
  • Tanning Park
  • Cornhole Court
  • Free Utilities:
    • Free Internet
    • Free Water/Sewer
    • Free Electricity
    • Free Trash service
    • Free Internet
    • Free Cable
  • Washer/Dryer
  • Units are Fully Furnished
  • 24-Hour Maintenance

College Pointe is a property that offers premier amenities that are competitive with even the newest constructed student projects, with multiple avenues to drive the NOI and generate returns, whether via Management changes, adjustments to utilities, or simply improving the total Economic Vacancy to a level closer to local market averages, all while still offering competitive cap rates based on current performance numbers.

 

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Other

  • Address: 7904 Valley Falls Road Spartanburg, South Carolina 
  • Area: Spartanburg 
  • Number of Units: 72 
  • Year Built: 2005 
  • Acres: 6.58