101 Woodrow Street, Laurens, SC 29360

Property Description

Octagon House pairs a beautifully restored, circa-1860 historic landmark with a modern eight-unit addition built in 2007, creating a fully renovated, 100% occupied 13-unit community in Laurens, South Carolina. The 2025 renovation modernized systems and finishes throughout while preserving the property's signature octagonal structure, standing-seam metal roof, multiple chimneys, and ADA-accessible covered entry. Private balconies, exterior stairways, mature landscaping, and a well-maintained lawn give the community a boutique, residential feel that's hard to replicate — and one that renters have responded to with sustained full occupancy since the renovation was completed. For a private, high-net-worth investor, Octagon House offers dependable "mailbox money" with minimal hands-on effort: third-party professional management is already in place, the asset is fully stabilized, and current in-place rents of $819 per unit sit roughly 15.7% below the $971 market rate — pointing to a clear, low-risk path to income growth through lease renewals alone. Demand is further supported by a stable, diversified employer base within a five-mile radius, including ZF Transmissions, Walmart Distribution Center, Prisma Health, and Presbyterian College. Octagon House is offered unpriced, while we entertain competitive offers at market value — contact Greysteel today to execute a Confidentiality Agreement and access full underwriting.