For Sale
$380,000

181 Fairview AveSpartanburg, SC 29302

Four-unit rental portfolio, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional multifamily investment opportunity presents a fully occupied four-unit property situated on a 0.3-acre lot in Spartanburg, South Carolina. The main house, built in 1927, features three bedrooms and two and a half bathrooms. Three additional studio-style units are located at the rear of the property, each offering one bedroom and one bathroom. This property enjoys a prime location, offering convenient access to local amenities and educational institutions. It's within walking distance of Converse College and less than a ten-minute drive from Wofford College and the vibrant downtown area of Spartanburg. The asking price for this turnkey investment is $380,000, representing a price per unit of $95,000. The property's address is 181 N Fairview Ave, Spartanburg, SC 29302, and its APN is 712357385169. This represents a strong addition to any existing portfolio or a perfect entry point for new investors seeking a stable, high-occupancy rental property in a desirable location. The property's excellent location and strong rental income make it an attractive investment opportunity with significant potential for future growth.

Highlights

  • 100% Occupancy.
  • Mix of unit sizes: one 3-bedroom, 2.5-bath unit and three 1-bedroom, 1-bath units.
  • Conveniently located within walking distance of Converse College.
  • Less than a 10-minute drive to Wofford College and the downtown area.

Property Details for 181 Fairview Ave

Property type
Residential income homes
Year Built
1927
Lot Size (sq. ft)
13,068 SF
Units
4

Location Insight

City
Spartanburg
County
Spartanburg
State
South Carolina
Latitude
34.9570394
Longitude
-81.9165423
181 Fairview Ave, Spartanburg, South Carolina

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181 Fairview Ave
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