Cotton Ridge Apartments
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Cotton Ridge Apartments
2 Flex Properties Offered at $775,000 in Spartanburg, SC
Executive Summary
For Sale: Multifamily Portfolio in Spartanburg, SC 29302
Overview:
This exceptional multifamily portfolio located in the heart of Spartanburg, SC, 29302, offers a lucrative investment opportunity with strong cash flow. The portfolio consists of 8 doors of C Class apartments, fully occupied and generating consistent rental income.
Property Highlights:
Location: Situated in a prime area of Spartanburg, SC, this portfolio benefits from a desirable location with easy access to local amenities, public transportation, and major highways.
Occupancy: 100% occupied, ensuring immediate and steady revenue.
Property Type: C Class apartments, well-maintained and appealing to a broad tenant base, including working professionals and families.
Door Count: 8 units, providing a significant footprint in the Spartanburg rental market.
Rental Income: Consistent and reliable rental income, with potential for rent growth and value-add opportunities.
Investment Benefits:
Stable Cash Flow: Fully occupied units guarantee ongoing rental income from day one.
Market Potential: Spartanburg is experiencing growth, making this an ideal time to invest in its rental market.
Value-Add Opportunity: Potential for upgrading units to increase rental rates and overall property value.
Strong Demand: High demand for affordable housing in the area ensures continued occupancy and rental stability.
Financial Information:
Current Gross Rental Income: Available upon request
Net Operating Income (NOI): Available upon request
Cap Rate: Competitive cap rate reflecting the stable income and strong market conditions.
This multifamily portfolio represents a rare opportunity to acquire a fully occupied, income-producing property in a thriving market. Don’t miss out on this chance to enhance your investment portfolio with a reliable asset in Spartanburg, SC.
Overview:
This exceptional multifamily portfolio located in the heart of Spartanburg, SC, 29302, offers a lucrative investment opportunity with strong cash flow. The portfolio consists of 8 doors of C Class apartments, fully occupied and generating consistent rental income.
Property Highlights:
Location: Situated in a prime area of Spartanburg, SC, this portfolio benefits from a desirable location with easy access to local amenities, public transportation, and major highways.
Occupancy: 100% occupied, ensuring immediate and steady revenue.
Property Type: C Class apartments, well-maintained and appealing to a broad tenant base, including working professionals and families.
Door Count: 8 units, providing a significant footprint in the Spartanburg rental market.
Rental Income: Consistent and reliable rental income, with potential for rent growth and value-add opportunities.
Investment Benefits:
Stable Cash Flow: Fully occupied units guarantee ongoing rental income from day one.
Market Potential: Spartanburg is experiencing growth, making this an ideal time to invest in its rental market.
Value-Add Opportunity: Potential for upgrading units to increase rental rates and overall property value.
Strong Demand: High demand for affordable housing in the area ensures continued occupancy and rental stability.
Financial Information:
Current Gross Rental Income: Available upon request
Net Operating Income (NOI): Available upon request
Cap Rate: Competitive cap rate reflecting the stable income and strong market conditions.
This multifamily portfolio represents a rare opportunity to acquire a fully occupied, income-producing property in a thriving market. Don’t miss out on this chance to enhance your investment portfolio with a reliable asset in Spartanburg, SC.
Property Facts
| Price | $775,000 | Number of Properties | 2 |
| Price / SF | $407.89 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 1,900 SF |
| Status | Active |
| Price | $775,000 |
| Price / SF | $407.89 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 1,900 SF |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 222 Cotton Ridge Ln, 1st Floor - Unit A, Spartanburg, SC 29302 | Flex Condo | 950 SF | 1960 | - |
| 222 Cotton Ridge Ln, 1st Floor - Unit B, Spartanburg, SC 29302 | Flex Condo | 950 SF | 1960 | - |
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