For Sale
$3,000,000

220 Floyd RdSpartanburg, SC 29303

5-Unit Apartment Building, 10 Acres

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 5-unit apartment building situated on a substantial 10.67-acre lot in Spartanburg, South Carolina. Priced at $3,000,000, this property offers significant potential for growth and return. The apartment building itself comprises five individual units, providing immediate rental income. The expansive lot size presents further development possibilities, allowing for expansion or the creation of additional income streams. The property's location in Spartanburg, SC, offers access to a thriving market and a strong rental demand. This is an ideal investment for those seeking a multi-faceted property with both immediate income generation and long-term development potential. The property's size and location make it a compelling opportunity for investors looking to capitalize on the growing real estate market in the Spartanburg area. This is a rare chance to acquire a well-positioned multifamily property with substantial land, offering a unique blend of immediate returns and future development potential. The property's solid foundation and location in a desirable area make it a strong investment for both experienced and emerging investors. This is a turnkey opportunity to acquire a profitable multifamily property with significant upside potential.

Highlights

  • $3,000,000 asking price.
  • Multifamily investment opportunity in Spartanburg, SC.
  • Five-unit apartment building.
  • 10.67-acre lot.

Property Details for 220 Floyd Rd

Property type
Mobile home & RV parks, Apartment buildings
Lot Size (sq. ft)
464,785 SF
Units
5

Location Insight

City
Spartanburg
County
Spartanburg
State
South Carolina
Latitude
34.995021
Longitude
-81.908501
220 Floyd Rd, Spartanburg, South Carolina

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220 Floyd Rd
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