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Updated over 6 years ago,
'Downtown' Greenville, SC - Lets Talk Specifics
I have been lurking on the boards for a while and mostly see new Greenville investor introductions followed by everyone saying 'Hi'. Let's move the discussion along, let's talk specifics, let's talk the outskirts of 'Downtown Greenville'. Not Mainstreet or the already yuppie areas, but the fringe. I have my own beliefs on the area but first I wanted to know what the BP blogosphere is involved with. Within a mile or 1.5m of downtown I see houses being bought for under $50k and sold/trying to sell for ~$100k (289 Werts, 253 Reeves, 9 Deering). That's on the south-west side of town that historically has been rundown mill houses (Sullivan, Dunean, Sterling) All the boarded up houses have sold in the past 3 years and not much is for sale that isn't the back end of a flip. West Greenville is farther along but same story- Mill houses being upgraded or knocked down and rebuilt entirely.
What are everyone's thoughts on these changes? Does it have legs? Is it worth chasing?
What streets are 'good'? what streets aren't worth messing with? Anyone have success stories or stories of disasters?