Exponential Equity is pleased to offer qualified investors an opportunity to invest in the acquisition of a Class-B multifamily property in Gaffney, SC. The LURA expired in January 2022, and it has started releasing tenants to market rate rents, which are $300+ per unit for renewals and $450+ for renovated units.
The property is located along Interstate 85 in Gaffney, South Carolina, commutable to both Charlotte, NC and Greenville, SC. Gaffney has become an ideal place to live for those who work in the larger markets. Gaffney offers small town Southern charm with convenient access to big city amenities.
Interstate-85 is currently undergoing expansion and a new clover leaf entrance/exit project in Gaffney less than 2 miles from Iveywood Park. Within 30 minutes of the complex, there is the new Catawba Two Kings Casino, UPS Freight Distribution Center, Spartanburg Medical Center and DHL Supply Chain Warehouse (Q3 2022).