Matt Byars - Servus Realty Group Logo
$350,000
 $1,879 est/mo Sourced by Back At You

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Description

High-Upside Value-Add Investment Opportunity - 7 Unit Conversion. . . Investors and developersthis is the type of project that creates serious equity. . This partially renovated building shell with 11 foot ceilings has already completed major structural improvements including updated roof rafters and flooring systems, significantly reducing early-stage construction risk and cost. The property is positioned to be completed as up to 7 income-producing rental units, a laundry center, and rentable storage space, giving investors the opportunity to create a strong cash-flowing asset. . .Assuming rents of $1,250/mo. x 7 units with a 35% expense ratio calculates a 9.4% CAP rate, well above average returns. BRRRR Strategy, Long Term Hold, Short Term Rental. All possible options being located close to employment and recreation. Bring your contractor and calculator to this ready to be finished opportunity.

Details

MLS #334564
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site199
Listing Provided ByBrand Name Real Estate Upstate | Robert Turchetta

Features

Story(s)1
Acreage0.53

Interior

CoolingNone
HeatingNone

Exterior

RoofComposition
Construction MaterialsBlock
Foundation DetailsSee Remarks

Taxes

Property1094

Area Information

StateSC
CountySpartanburg, SC
CitySpartanburg
Zip Code29306
AreaSpartanburg
School District7-Spartanburg
Elementary School7-Mary Wright
High School7-Spartanburg
Listing VS Median (in 29306)
Price:
$350,000
low | high
Med:
$239,900
81.457142857143% of Average
On site:
199
low | high
Med:
215
92.558139534884% of Average
Sourced by Back At You

Market Activity 29306

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Additional Information

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Contact

Learn More About This Property

Matt Byars

Matt Byars

Servus Realty Group

 (864) 729-0429matt@servusrealtygroup.com
StateSC
CountySpartanburg, SC
CitySpartanburg
Zip Code29306
AreaSpartanburg
School District7-Spartanburg
Elementary School7-Mary Wright
High School7-Spartanburg
Listing VS Median (in 29306)
Price:
$350,000
low | high
Med:
$239,900
81.457142857143% of Average
On site:
199
low | high
Med:
215
92.558139534884% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $262K - $437K
sqft: 0 - 0
Nearby Listings Property ImageNearby Listings Details
203 Caulder Circle Property Photo 1
$350,000
203 Caulder Circle
Spartanburg, SC 29306
Property Photo 1
$25,000

Spartanburg, SC 29306
Listing Updated: July 20, 2026 at 5:41:40 PM PDT

Matt Byars - Servus Realty Group