Renovated Duplex Income
211 California Avenue Spartanburg, SC 29303
211 California Avenue, Spartanburg, SC, 29303
$220,000
For Sale
$220,000
Renovated duplex with updated finishes, appliances, and HVAC in at least one unit.
Property Size1,500 SF
Price / SF$146.67
Days on Market109
Property Features for 211 California Avenue
General Information
- Standard status
- Active
- Size
- 1,500 SF
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 1946
Listing agency
North Group Real Estate
(864) 376-2955
Listed by
Allen Williams · License #103166
Source
Compass
Added: Apr 6 Updated: Jul 22 at 9:33PM Checked: Jul 22 at 9:33PM
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 North Group Real Estate
Investment Insights
Based on property information with market context.
This renovated duplex offers updated interior finishes and equipment, including fresh paint, new flooring, appliances, fixtures, hardware, and an HVAC unit identified as HVAC Unit A. The property is described as having been rented, with the Upstairs unit also noted as having rental activity.
The duplex is located in Spartanburg, South Carolina, with convenient access to downtown Spartanburg. It is described as approximately 25 minutes from downtown Greenville.
The current presentation emphasizes the duplex as an income-producing residential property based on the recent updates and the existing rental use of the upstairs unit.
The duplex is located in Spartanburg, South Carolina, with convenient access to downtown Spartanburg. It is described as approximately 25 minutes from downtown Greenville.
The current presentation emphasizes the duplex as an income-producing residential property based on the recent updates and the existing rental use of the upstairs unit.
Key Highlights
- Renovated duplex built in 1946 with updated finishes including paint, flooring, appliances, fixtures, and hardware
- Cooling: central forced electric with heat pump; Heating: electric forced air with heat pump
- New HVAC updates include HVAC Unit A
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 | $20.2k | $13.44 |
| − Vacancy | −$1.0k | −$0.67 |
| EGI | $19.2k | $12.77 |
| − OpEx | −$5.7k | −$3.83 |
| NOI | $13.4k | $8.94 |
1,500 SF · lease $13.44/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$191.5K
$167.6K – $223.4K
NOI $13,406 @ 7.0% cap · market cap 6.09%
Second Best
Apartment 5plus
$176.4K
$154.4K – $205.8K
NOI $12,349 @ 7.0% cap · market cap 5.61%
Theoretical Best
Warehouse
$1.16M
$1.02M – $1.36M
NOI $81,514 @ 7.0% cap · market cap 37.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Renovated duplex with updated finishes, appliances, and HVAC in at least one unit.
Where is this duplex located?
The property is located at 211 California Avenue Spartanburg, 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: Renovated duplex built in 1946 with updated finishes including paint, flooring, appliances, fixtures, and hardware; Cooling: central forced electric with heat pump; Heating: electric forced air with heat pump; New HVAC updates include HVAC Unit A
