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5015 Joe Ramsey Boulevard East

Pardue Companies Sells 428-Unit Greenville Value-Add Portfolio Represented By Institutional Property Advisors
SOLDMultiFamily

Pardue Companies Sells 428-Unit Greenville Value-Add Portfolio Represented By Institutional Property Advisors

5015 Joe Ramsey Boulevard East, 4115 Joe Ramsey Boulevard East & 6002 Stonewall Street

Building Size

Asset Type

MultiFamily

Closing

Mar 23, 2026

AI

The Greenville Value-Add Portfolio consists of three multifamily properties totaling 428 units located at 5015 Joe Ramsey Boulevard East, 4115 Joe Ramsey Boulevard East, and 6002 Stonewall Street in the Greenville market. This transaction reflects a first-generation value-add opportunity strategically situated near Highway 380 and vital local amenities.

Summary of transaction details:

William Hubbard, Taylor Hill, Michael Ware, Drew Kile, Joey Tumminello, and Jack Windham of Institutional Property Advisors represented the seller, Pardue Companies, and facilitated the procurement of the buyer for the properties involved in this transaction.

Players

Drew Kile

Institutional Property Advisors

Broker

$383.2M

vol

81 deals

Broker
PC
Pardue CompaniesSeller

Greenville MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93