Duplex with Detached
New
For Sale
$385,000
211 Wildwood Drive, Greer, SC 29651
Two separately metered residences share paved parking and a covered carport, with no HOA.
Property Size2,200 SF
Price / SF$175
Days on Market6
Property Features for 211 Wildwood Drive
General Information
Standard status
Active
Size
2,200 SF
Property subtype
Multi-Family
Building Details
Year Built
2002
Listing Agency:
Leanne Carswell, Expert Real Estate Team
Listed By:
XSell Upstate
(864) 659-7355
Source:
Xsellupstate
Added: Oct 1
Changed: Oct 6
Last Checked: Oct 5 at 7:04PM
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 Leanne Carswell, Expert Real Estate Team
Investment Insights
Based on property information with market context.
Built in 2002, this duplex contains two units totaling 2,200 square feet. One residence has two bedrooms and two full baths; the other has three bedrooms and two full baths. Flooring includes carpet and vinyl in both units, with hardwood also present in the larger residence. Each unit has a separate utility meter, and tenants handle their own utilities. One tenant is on a month-to-month lease.
Site features include paved parking, a covered carport and a detached two-car garage currently used for owner storage. The garage is outside the current rental income. Located just off Hwy 29/Wade Hampton Blvd, the property is minutes from Downtown Greer, shopping, grocery stores and restaurants. There is no HOA.
Site features include paved parking, a covered carport and a detached two-car garage currently used for owner storage. The garage is outside the current rental income. Located just off Hwy 29/Wade Hampton Blvd, the property is minutes from Downtown Greer, shopping, grocery stores and restaurants. There is no HOA.
Key Highlights
- 2,200‑square‑foot duplex built in 2002
- Two‑bedroom, two‑bath unit and three‑bedroom, two‑bath unit
- Separate utility meters; tenants pay their own utilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,353
Cap Rate
5.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$447,060
$447.1K
Cap Rate 7%
$319,329
$319.3K
Cap Rate 9%
$248,367
$248.4K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$33.8K $15.36/SF
− Vacancy
−$1.9K −$0.84/SF
EGI
$31.9K $14.52/SF
− OpEx
−$9.6K −$4.35/SF
NOI
$22.4K $10.16/SF
Area
Greenville County, SC
Vacancy
5.50%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$447,060
Cap Rate 7%
$319,329
Cap Rate 9%
$248,367
Alternative Uses
Best Use
Multifamily LT 5
$319.3K
$279.4K – $372.6K
NOI $22,353 @ 7.0% cap · market cap 5.81%
Second Best
Apartment 5plus
$285.7K
$250.0K – $333.4K
NOI $20,001 @ 7.0% cap · market cap 5.20%
Theoretical Best
Office A
$940.0K
$822.5K – $1.10M
NOI $65,798 @ 7.0% cap · market cap 17.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
500
Businesses Nearby
Explore this area
Business Placement
Demographics for 29651, SC
50,778
Population
21,738
Households
2.3
Avg Household Size
40
Median Age
34%
College-Educated
91%
High-School Grad
89.6 sq mi
ZIP Area
567
Density / Sq Mi
$80,748
Median Household Income
$47,077
Median Earnings
$1,021
Median Rent
$264,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separately metered residences share paved parking and a covered carport, with no HOA.
Where is this duplex located?
The property is located at 211 Wildwood Drive Greer, SC.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: 2,200‑square‑foot duplex built in 2002; Two‑bedroom, two‑bath unit and three‑bedroom, two‑bath unit; Separate utility meters; tenants pay their own utilities
