Double J Properties LLC, registered to Jeremy Smith of Gaffney since 2015 and in good standing per SC Attorney General records, bought two former Limestone University student apartments (Cedars Apartments and Walton Ridge Apartments) on O’Neal Street for $1,010,000 on February 27. This follows their 2023 purchase of a 1.88-acre plot on Overbrook Drive from the university for $300,000, signaling Smith’s ongoing interest in snapping up the now-closed school’s real estate at solid discounts.
Limestone asset sales context
The deals reflect Limestone’s liquidation post-closure, including last year’s auction of 100+ items like iPads, laundry machines, kitchen gear, and sports equipment. University-owned properties are moving fast to local investors like Smith, who likely sees rental or redevelopment potential in Gaffney’s student housing stock.
Local buyers like Double J keep these assets in the Cherokee County economy rather than distant flips—smart play given the university’s footprint. No public info on immediate plans for the apartments, but watch county deeds for permits if redevelopment starts.
