Description
Excellent investment opportunity! This four-unit property is located directly across from Converse University and just minutes from downtown Spartanburg, Wofford College, shopping, dining, and major employers. Each unit has its own private entrance, and all four units are currently leased with a strong history of consistent occupancy. The front unit is a nearly 2,000 SF home featuring a large front porch, separate living and dining rooms, a spacious kitchen, three bedrooms, and two-and-a-half bathrooms. Located behind the main home are three additional units, including two one-bedroom, one-bathroom apartments and one loft-style one-bedroom, one-bathroom unit. Parking is available in both the front and rear of the property, providing convenient access for all residents, with ample parking serving the three rear units. Whether you're looking to expand an existing portfolio or acquire your first multi-unit investment, this fully occupied property offers immediate cash flow with significant value-add potential. The combination of a proven rental history, a highly desirable location, and opportunities to increase rents through future updates or improved management make this an attractive investment with room for income growth.
Details
| MLS # | 340644 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1927 |
| Days On Site | 17 |
| Listing Provided By | Prime Realty, LLC | William Lewis |
Features
| Story(s) | 2 |
|---|---|
| Units | 4 |
| Acreage | 0.30 |
Interior
| Cooling | Heat Pump |
|---|---|
| Heating | Baseboard, Heat Pump |
Exterior
| Roof | Composition |
|---|---|
| Construction Materials | Wood Siding |
| Foundation Details | Slab |
Taxes
| Property | 8456 |
|---|
Area Information
| State | SC |
|---|---|
| County | Spartanburg, SC |
| City | Spartanburg |
| Zip Code | 29302 |
| Area | Spartanburg |
| School District | 7-Spartanburg |
| Elementary School | 11-Draytonville Elem |
| High School | 7-Spartanburg |
| Listing VS Median (in 29302) | |
Price: $375,000 low | high Med: $319,900 On site: 17 low | high Med: 73 | |
Market Activity 29302
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Learn More About This Property
| State | SC |
|---|---|
| County | Spartanburg, SC |
| City | Spartanburg |
| Zip Code | 29302 |
| Area | Spartanburg |
| School District | 7-Spartanburg |
| Elementary School | 11-Draytonville Elem |
| High School | 7-Spartanburg |
| Listing VS Median (in 29302) | |
Price: $375,000 low | high Med: $319,900 On site: 17 low | high Med: 73 | |
