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104 Raley St, 
Cheraw, SC 29520

$1,400,000


Bed


Bath


24,000

Sq Ft


Multi-Family

Active

Listed by

Jonathan C Lee

Choice Realty, Inc.

843-991-4848

Last updated:

June 17, 2026, 04:03 PM

MLS#

2602428

Source:

SC RAGPD

About This Home

104 Raley St

Greystone Apartments presents an opportunity to acquire a 30-unit multifamily community comprised of 15 duplex buildings in Cheraw, South Carolina. The property consists primarily of 2-bedroom, 1-bathroom units, with five 3-bedroom units and three 1-bedroom, 1-bathroom units. Most units are approximately 800 square feet. Current ownership has implemented rent increases and completed select improvements, including updates to plumbing, appliances, and cabinetry in various units. With the property being self-managed by an out-of-town owner, a significant Value-Add Opportunity exists for an investor to further improve operations, increase efficiencies, reduce vacancy loss, and maximize rental income through professional local management. At 100% occupancy, the property generates projected annual gross rental income of approximately $257,700. The unit mix, manageable building configuration, and continued upside potential make Greystone Apartments an attractive investment for buyers seeking stable cash flow with opportunities for future growth. Conveniently located in Cheraw, SC, this multifamily asset offers investors the chance to acquire a sizable apartment community in a growing rental market with proven demand for affordable workforce housing.

Home Facts

Multi-Family

Built in 1989

Price Summary

1,400,000

$58 per Sq. Ft.

MLS #:

2602428

Last Updated:

June 17, 2026, 04:03 PM

Added:

5 day(s) ago


Rooms & Interior

Interior

Living Area:

24,000 Sq. Ft.


Structure

Structure

Building Area:

24,000 Sq. Ft.

Year Built:

1989


Lot

Lot Size (Sq. Ft):

113,256


Finances & Disclosures

Finances

Price:

$1,400,000

Price per Sq. Ft:

$58 per Sq. Ft.

Source:SC RAGPD
The information being provided by REALTOR® Association Of Greater Peedee, Inc. Mls is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 REALTOR® Association Of Greater Peedee, Inc. Mls All rights reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.