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:
- Property Type: Multifamily
- Transaction Amount: Not disclosed
- Units: 428
- Seller: Pardue Companies
- Broker Representation: Taylor Hill, Michael Ware, Drew Kile, Joey Tumminello & Jack Windham - Institutional Property Advisors - Marcus & Millichap
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
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