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    514 Wildwood Drive

    Spartanburg, SC 29306
    • $300,000
    • STATUS: Active
    • ON SITE: 30 days
    • MLS #: 283649
    UPDATED: 43 min ago
    $300,000
    • 0
      BEDS
    • 1.76
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,210
      SQFT
    • $93
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    6

    Description

    This is a rare opportunity to purchase a high performing rental property with the potential to immediately build 3 more units all UNDER appraised value. The current property consists of two duplexes that were built in 1987, have 100% occupancy with strong positive cash flow ($2,800/month), annual leases, & the City of Spartanburg approved 3 more townhomes to be built immediately upon purchasing. This property was appraised in 2019 for a fair market value of $300,000.00 before the additional land was annexed in and approved for additional properties to be built. New roof & HVAC in 2016. Don't miss this opportunity to own a high performing property that supports the building project during construction & more than double the size of your rental units with a ton of potential close to downtown Spartanburg.

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    © 2021 Multiple Listing Service of Spartanburg, Inc. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from MLSS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Prime Realty. Data last updated: 2021-09-27T08:56:28.673.
    www.livegreenville.com/homes/120892017
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    514 Wildwood Drive Spartanburg, SC 29306

    • Price: $300,000
    • Status: Active
    • Updated: 43 min ago
    • MLS #: 283649
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.76
    Acres
    3,210
    SQFT
    $93
    $/SQFT
    Neighborhood:
    Spartanburg
    County:
    Spartanburg, Sc
    Area:
    Spartanburg
    Elementary School:
    6-Woodland Hg
    Middle School:
    7-Carver Jr
    High School:
    6-Dorman High
    School District:
    6
    Property Description
    This is a rare opportunity to purchase a high performing rental property with the potential to immediately build 3 more units all UNDER appraised value. The current property consists of two duplexes that were built in 1987, have 100% occupancy with strong positive cash flow ($2,800/month), annual leases, & the City of Spartanburg approved 3 more townhomes to be built immediately upon purchasing. This property was appraised in 2019 for a fair market value of $300,000.00 before the additional land was annexed in and approved for additional properties to be built. New roof & HVAC in 2016. Don't miss this opportunity to own a high performing property that supports the building project during construction & more than double the size of your rental units with a ton of potential close to downtown Spartanburg.
    Exterior Features

    Exterior Vinyl Siding Parking Spaces Two Spaces Roof Architectural Stories Other

    Interior Features

    Cooling System Multi Units Heating Fuel Electricity Heating System Forced Warm Air

    Property Features

    1 Bedroom Units 1 2 Bedroom Units 4 Age 31-50 For Sale Or Rent For Sale In City Yes Multifamily Type Quad Sewer Public Sewer Special Features Other/See Remarks Tax Year 2020 Taxes 5785 Water Public Water Water Heater Multiple Units Zoning R-12 General Residential

    Listing information © 2021 Multiple Listing Service of Spartanburg, Inc.
    Listing provided courtesy of Allen & Associates, Llc.



    © 2021 Multiple Listing Service of Spartanburg, Inc. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from MLSS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Prime Realty. Data last updated: 2021-09-27T08:56:28.673.
     
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