Two-Unit Duplex with Private
New
For Sale
$329,900
2040 & 2044 Sandy Ford Road, Chesnee, SC 29323
Both residences include full kitchens, in-unit laundry, and outdoor decks overlooking wooded surroundings.
Property Size1,800 SF
Price / SF$183.28
Days on Market5
Property Features for 2040 & 2044 Sandy Ford Road
General Information
Standard status
Active
Size
1,800 SF
Property subtype
Multi-Family
Additional Details
Average Monthly Rent
$1,450
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$4,177
Amenities
Public
100 x 200
0.63
Crawl Space
1800
Building Details
Year Built
1960
Stories
1
Listing Agency:
Piedmont Carolinas Realty, Inc.
(864) 242-6650
Listed By:
Joy Joyner
(864) 270-0893
Source:
Cdanjoyner
Added: Oct 23
Changed: Oct 26
Last Checked: Oct 26 at 2:12PM
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 Piedmont Carolinas Realty, Inc.
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Investment Insights
Based on property information with market context.
This duplex contains two residences, each arranged with an open great room and dining area, two bedrooms, and a full bathroom with a tub and shower. Kitchens are equipped with quartz countertops, a stove, refrigerator, microwave, and dishwasher. Each unit also has a walk-in laundry room with shelving and sliding doors that lead to a deck and a yard bordered by woods.
The property is located in Chesnee, South Carolina. The building was constructed in 1960 and has a crawl-space foundation.
The property is located in Chesnee, South Carolina. The building was constructed in 1960 and has a crawl-space foundation.
Key Highlights
- Two‑unit duplex with 1,800 square feet
- Each unit has two bedrooms and one full bathroom
- Quartz kitchen countertops; stove, refrigerator, microwave, and dishwasher in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,088
Cap Rate
4.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$321,760
$321.8K
Cap Rate 7%
$229,829
$229.8K
Cap Rate 9%
$178,756
$178.8K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$24.2K $13.44/SF
− Vacancy
−$1.2K −$0.67/SF
EGI
$23.0K $12.77/SF
− OpEx
−$6.9K −$3.83/SF
NOI
$16.1K $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%
$321,760
Cap Rate 7%
$229,829
Cap Rate 9%
$178,756
Alternative Uses
Best Use
Multifamily LT 5
$229.8K
$201.1K – $268.1K
NOI $16,088 @ 7.0% cap · market cap 4.88%
Second Best
Apartment 5plus
$211.7K
$185.2K – $247.0K
NOI $14,819 @ 7.0% cap · market cap 4.49%
Theoretical Best
Warehouse
$1.40M
$1.22M – $1.63M
NOI $97,817 @ 7.0% cap · market cap 29.65%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
11
Businesses Nearby
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Business Placement
Demographics for 29323, SC
16,488
Population
6,266
Households
2.6
Avg Household Size
41
Median Age
18%
College-Educated
92%
High-School Grad
71.0 sq mi
ZIP Area
232
Density / Sq Mi
$59,753
Median Household Income
$41,223
Median Earnings
$838
Median Rent
$187,700
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 include full kitchens, in-unit laundry, and outdoor decks overlooking wooded surroundings.
Where is this duplex located?
The property is located at 2040 & 2044 Sandy Ford Road Chesnee, SC.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: Two‑unit duplex with 1,800 square feet; Each unit has two bedrooms and one full bathroom; Quartz kitchen countertops; stove, refrigerator, microwave, and dishwasher in each unit
