Spartanburg, SC 29302
- 8Beds
- 4Full Baths
- N/AHalf Baths
- N/ASqFt
- 1916Year Built
- 0.17Acres
- MLS# 1565137
- Residential
- Quadruplex
- Active
- Approx Time on Market16 days
- Area033-Spartanburg
- CountySpartanburg
- Subdivision None
Overview
Don't miss this prime investment property featuring four 2-bedroom, 1-bath units. Currently, three units are occupied with strong rental history, generating a combined rental income of $2,650/month, with the fourth unit previously renting for $900/monthtotal potential income of $3,550/month. Situated just off East Main Street in School District 7, this multifamily property is conveniently located near shopping, public transportation, and is within walking distance to Converse College. All appliances have been updated in the last 3 years and the seller will install a new range and refrigerator with acceptable offer. The area is experiencing notable new development, making this an ideal time to invest. Each unit is separately metered for utilities, offering added convenience and flexibility for tenants and owners alike, and the roof is new. The property is being sold ""As Is"", with the following lease expirations in place: Unit 1: Leased through 06/30/2026, Unit 2: Leased through 10/31/2025, Unit 3: Vacant, Unit 4: Leased through 07/31/2026. Whether you're a seasoned investor or just entering the market, this is a solid income-generating asset with strong rental history and growth potential. Schedule your showing today and take the next step toward building your portfolio!
Agriculture / Farm
Horse: No
Amenities / Special Info
Community Features: None
Association Fees / Info
Hoa: No
Bathroom Info
Total Baths: 4
Fullbaths: 4
Bedroom Info
Beds: 8
Building Info
Levels: Two
Foundation Details: Crawl Space
Construction Materials: Vinyl Siding
Year Built: 1916
New Construction: No
Cooling: Yes
Property Condition: 50+
Building Area Total: 2,980
Roof: Composition
Exterior Features
Spa: No
Pool Private: No
Garage / Parking
Garage: No
Carport: No
Open Parking: No
Parking Features: Off Street
Attached Garage: No
Handicap
Interior Features
Fireplace: No
Lot Info
Acres: 0.17
Lot Area: 7405.2
Lot Size Units: Square Feet
Misc
Other
Property Info
Senior Community: No
County: Spartanburg
Occupant Type: Tenant, Vacant
Sqft Info
Living Area Units: Square Feet
Unit Info
Number of Units Total: 4
Utilities / Hvac
Water Source: Public
Appliances: Electric Water Heater, Water Heater
Cooling: Central Forced, Electric, Wall/Window Unit(s), Multi Units
Sewer: Public Sewer
Heating: Baseboard, Electric, Natural Gas
Heating: Yes
Waterfront / Water
Waterfront: No
View: No
Courtesy of Shanda Davey of Encore Realty