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Dream Team United

| Dream Team United | Keller Williams Connected | PLACE

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181 N Fairview Ave , Spartanburg, SC 29302
$375,000
Est. Payment: $833.33/mo
6 Bed
6 Bath
0 Sqft
Status: Active | Days on site: 34
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House Description

Excellent investment opportunity! This four-unit property is located directly across from Converse University and just minutes from downtown Spartanburg, Wofford College, shopping, dining, and major employers. Each unit has its own private entrance, and all four units are currently leased with a strong history of consistent occupancy. The front unit is a nearly 2,000 SF home featuring a large front porch, separate living and dining rooms, a spacious kitchen, three bedrooms, and two-and-a-half bathrooms. Located behind the main home are three additional units, including two one-bedroom, one-bathroom apartments and one loft-style one-bedroom, one-bathroom unit. Parking is available in both the front and rear of the property, providing convenient access for all residents, with ample parking serving the three rear units. Whether you're looking to expand an existing portfolio or acquire your first multi-unit investment, this fully occupied property offers immediate cash flow with significant value-add potential. The combination of a proven rental history, a highly desirable location, and opportunities to increase rents through future updates or improved management make this an attractive investment with room for income growth.

Highlights

Listed by W. Ashley Lewis , 864-704-0886 Prime Realty, LLC , 864-334-8690.

Property Type

Multi-Family

Lot/Acreage
0.3

Year Built

1927

County

Spartanburg

Area

033

Neighborhood

None

Listing ID

1600898

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • Bedrooms:6
  • Bathrooms:6
  • Full Bathrooms:5
  • 1/2 Bathrooms:1
Air Cond:Electric,Heat Pump
Fireplaces:
Other:
  • Additional:Basement, Dining, Foyer, Living/Great Room, Porch-Front, Dishwasher, Dryer, Refrigerator, Washer, Hardwood Floor, Stand Alone Rng-Electric, Sep. Common Area Storage, Carpet Floor, Deck, Family Room/Den, Kitchen/Breakfast Room, Stand Alone Range-Gas, Vinyl Floor, 2+Basement Story
Water:Public

Exterior Features

Lot Dimensions:207x63
Garage Capacity:1
Roof:Composition Shingle
Others:
  • Additional:50+
Sewer:Public
Principal Interest
$833
Taxes
$239

Home Price

$375,000

Loan Details

30 yrs
%

Down Payment

20%
$75,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$833.33

Principal

Taxes

Principal Taxes HOA Total
Monthly $833.33 $239.06 $0.00 $1,072.40
Yearly $10,000.00 $2,868.75 $0.00 $12,868.75
Total $300,000.00 $86,062.50 $0.00 $386,062.50

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Spartanburg, SC).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.