Affordable Upstate, an affordable housing real estate company, purchased two apartment complexes in Berea.
The new acquisitions include a two-story building with 14 units located on 100 Lily St., and an L-shaped, two-story building with 24 units located on 2001 W. Parker Road. Affordable Upstate plans to combine them into one complex named Vista West III.
Read more about affordable housing in the community
“Preserving housing in the Berea submarket as Greenville grows is a strategic move that ensures that affordable housing options will continue while values and demand increase in the surrounding area,” said Mario Brown, a principal and co-founder of Affordable Upstate.
During the transformation of the buildings into one complex, Affordable Upstate will subsidize the relocation of current residents to one of their other units as part of a partnership with the Southeast Affordable Housing Administration.
The plans also include working to help tenants increase their credit score and offering deposit alternatives.
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