While major capital items have already been addressed, a meaningful portion of interiors remain in classic condition, creating a straightforward and market supported path to drive premiums of up to $150. Current ownership has not implemented a premium for recently upgraded units, which include flooring, cabinets, appliances, and key mechanical systems, providing a ready-made blueprint for a consistent renovation program that can be scaled quickly and efficiently. The renovation premiums are further supported by proximate newer vintage rental communities, which currently command $450+ premiums over current rents.

Located minutes from Furman University and along the improving Poinsett corridor, the property sits in one of Greenville’s most stable and desirable demand pockets. Surrounded by newer rental competition and strong neighborhood fundamentals, the area benefits from quality renter profiles, access to major employment hubs, and convenient proximity to Downtown Greenville’s dining, retail, and entertainment offerings. The submarket also carries strong demographics, including an average household income exceeding $105K. 

In 2025, ownership invested approximately $320K across targeted exterior upgrades and interior improvements; including a $150K parking lot replacement. Recent interior capital spend includes new appliances, cabinets, flooring, HVAC systems, and water heaters in select units as needed. Targeted exterior improvements include landscaping and general curb appeal, siding and trim repairs, and painting of all doors. Importantly, the property is also equipped with a metal roof system, installed within the last five years, providing long term durability and reduced future capital exposure. 

Greenville remains one of the Southeast’s most dynamic growth markets, driven by corporate expansion, sustained in migration, and a robust employment base. The North Greenville submarket continues to post mid-90% occupancy, healthy rent growth, and deep renter demand, supporting durable performance for well-located workforce housing assets. 

Based on its current rent structure, Poinsett View appears to qualify for the South Carolina Safe Harbor tax abatement, which can eliminate 100% of property taxes if the appropriate AMI thresholds are met. This program offers a significant opportunity to materially enhance NOI and boost leveraged returns – an increasingly compelling lever for private capital in today’s rate environment.