Boiling Springs Duplex Investment
13 Wedgefield Dr Boiling Springs, SC 29316
13 Wedgefield Dr, Boiling Springs, SC, 29316
$220,000
For Sale
$220,000
1,992 SF Multifamily Property
Property Size1,992 SF
Lot Size0.05 Acres
Price / SF$110.44
AddedJan 22, 2025
Days on Market539
Last RefreshMar 16 at 9:06 am
Property Features for 13 Wedgefield Dr
General Information
- Standard status
- Active
- Property type
- Multifamily properties, Residential income homes, Other residential income properties, Residential income properties, Investment properties
- Size
- 1,992 SF
- Class
- C
- Elevators
- N/A
- Lot size
- 0.05 Acres
Building Details
- Year Built
- 1973
- Buildings
- 2
- Stories
- 1
- Units
- 2
Listing agent Carl (864) 680-7654
Listing office (864) 680-7654
Listing date Jan 22, 2025
Investment Insights
Based on property information with market context.
This 1,992 square foot multifamily property is located in Boiling Springs, South Carolina. Situated on a quiet street with no through traffic, the property features two units, each containing two bedrooms and one bathroom. Unit A has a monthly rent of $675 with a lease expiring November 30, 2024, while Unit B generates $803.50 per month, with a lease expiring June 30, 2025. The property is located on a 0.0457 acre lot and is conveniently located within minutes of Highway 9 and near Sherman College. The Spartanburg County Tax Map Number is 2-50-12-078.00.
Key Highlights
- Spartanburg County TMS#: 2‑50‑12‑078.00
- Both units 2 Bed / 1 Bath
- Contact Broker for financials
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $26.8k | $13.44 |
| − Vacancy | −$1.3k | −$0.67 |
| EGI | $25.4k | $12.77 |
| − OpEx | −$7.6k | −$3.83 |
| NOI | $17.8k | $8.94 |
1,992 SF · lease $13.44/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$254.3K
$222.6K – $296.7K
NOI $17,804 @ 7.0% cap · market cap 8.09%
Second Best
Apartment 5plus
$234.3K
$205.0K – $273.3K
NOI $16,400 @ 7.0% cap · market cap 7.45%
Theoretical Best
Warehouse
$1.55M
$1.35M – $1.80M
NOI $108,250 @ 7.0% cap · market cap 49.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Residential income homes
Similar For Sale Nearby
FAQs
What type of property is this?
Multifamily property - 1,992 SF Multifamily Property
Where is this multifamily property located?
The property is located at 13 Wedgefield Dr Boiling Springs, SC.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Spartanburg County TMS#: 2‑50‑12‑078.00; Both units 2 Bed / 1 Bath; Contact Broker for financials
