2-Unit
New
For Sale
$265,000
200 Rosecrest Road, Spartanburg, SC 29303
Both residences have two bedrooms, one full bathroom, and separate heating systems.
Property Size1,782 SF
Price / SF$148.71
Days on Market2
Property Features for 200 Rosecrest Road
General Information
Standard status
Active
Size
1,782 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,685
Amenities
Public
Crawl Space
1782
Building Details
Stories
1
Listing Agency:
Divine Real Estate Boutique, LLC
(864) 622-1234
Listed By:
Jacob Bradley
(864) 504-7772
Source:
Cdanjoyner
Added: Oct 23
Last Checked: Oct 23 at 5:41PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Divine Real Estate Boutique, LLC
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Investment Insights
Based on property information with market context.
This 1,782-SF duplex contains two residences, each with two bedrooms and one full bathroom. The property occupies almost 1.5 acres, and its crawlspace has been professionally waterproofed. Heating differs between the units: Unit A uses an oil furnace, while Unit B has a heat pump.
The property is located at 200 Rosecrest Road in Spartanburg, South Carolina.
The property is located at 200 Rosecrest Road in Spartanburg, South Carolina.
Key Highlights
- Two residences, each with 2 bedrooms and 1 full bathroom
- 1,782 SF building on almost 1.5 acres
- Professionally waterproofed crawlspace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,927
Cap Rate
6.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$318,540
$318.5K
Cap Rate 7%
$227,529
$227.5K
Cap Rate 9%
$176,967
$177.0K
Market Conditions
NOI Build-Up for 1,782 SF
Gross rent
$24.0K $13.44/SF
− Vacancy
−$1.2K −$0.67/SF
EGI
$22.8K $12.77/SF
− OpEx
−$6.8K −$3.83/SF
NOI
$15.9K $8.94/SF
Area
Spartanburg County, SC
Vacancy
5.00%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$318,540
Cap Rate 7%
$227,529
Cap Rate 9%
$176,967
Alternative Uses
Best Use
Multifamily LT 5
$227.5K
$199.1K – $265.5K
NOI $15,927 @ 7.0% cap · market cap 6.01%
Second Best
Apartment 5plus
$209.6K
$183.4K – $244.5K
NOI $14,671 @ 7.0% cap · market cap 5.54%
Theoretical Best
Warehouse
$1.38M
$1.21M – $1.61M
NOI $96,838 @ 7.0% cap · market cap 36.54%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
29
Businesses Nearby
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Business Placement
Demographics for 29303, SC
26,793
Population
10,891
Households
2.5
Avg Household Size
33
Median Age
12%
College-Educated
76%
High-School Grad
32.4 sq mi
ZIP Area
827
Density / Sq Mi
$45,713
Median Household Income
$24,506
Median Earnings
$968
Median Rent
$143,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have two bedrooms, one full bathroom, and separate heating systems.
Where is this duplex located?
The property is located at 200 Rosecrest Road Spartanburg, SC.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 full bathroom; 1,782 SF building on almost 1.5 acres; Professionally waterproofed crawlspace
