4115 Liberty HWY Anderson, SC 29621
UPDATED:
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 1,000 sqft
Price per Sqft $7,200
MLS Listing ID 20291973
HOA Y/N No
Year Built 1979
Lot Size 3.900 Acres
Acres 3.9
Property Sub-Type Apartment
Property Description
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.
Location
State SC
County Anderson
Community Pool
Area 108-Anderson County, Sc
Interior
Interior Features InteriorFeatures
Heating Central, Electric, Individual
Cooling Central Air, Electric
Fireplace No
Appliance Dishwasher, Disposal, Oven, Range, Refrigerator
Exterior
Pool Community
Community Features Pool
Utilities Available Separate Meters
Water Access Desc Public
Building
Lot Description Not In Subdivision, Outside City Limits
Entry Level Two
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Brick
Schools
Elementary Schools North Pointe Elementary
Middle Schools Mccants Middle
High Schools Tl Hanna High
Others
Pets Allowed Pet Restrictions
Tax ID 121-03-01-001
Pets Allowed Pet Restrictions