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    4410 Old Spartanburg Rd Taylors, SC 29687

    For Sale
    $1,400,000

    56-Unit Apartment Development Ready

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 5.7-acre parcel in Taylors, South Carolina, presents a prime multifamily development opportunity. Located in Greenville County at 4410 Old Spartanburg Rd, zip code 29687, this Class A property is zoned R-M10 and fully entitled for the construction of a 56-unit apartment building. All necessary approvals and permits are in place, making this a truly shovel-ready project. The asking price is $1,400,000, representing a price per unit of $25,000. The property's strategic location offers convenient access to major highways, employment centers, shopping, and healthcare facilities. Detailed project plans, surveys, and layouts are available for due diligence. This development aligns with affordable housing guidelines and presents the potential for LIHTC (Low-Income Housing Tax Credit) programs. The expansive acreage allows for a thoughtfully designed complex that meets high standards of modern living, providing ample space for landscaping and amenities. This is an exceptional investment opportunity in a rapidly growing area of South Carolina, ideal for experienced developers or investors seeking to capitalize on the strong demand for high-quality rental housing. Don't miss this chance to acquire a fully entitled, development-ready multifamily property in a thriving market.

    Property Features for 4410 Old Spartanburg Rd

    General Information

    Property type
    Multifamily properties
    Class
    A
    Lot Size
    248,292 SF

    Building Details

    Units
    56

    HighLights

    • 56‑unit apartment shovel‑ready development.
    • Approved and permitted for construction.
    • Compliant with affordable housing standards and potentially eligible for LIHTC financing.
    • Detailed project plans available upon request.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Taylors
    County
    Greenville
    State
    South Carolina
    Longitude
    -82.310269
    Latitude
    34.883141

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    FAQs

    What type of property is this?
    Multifamily property - 56-Unit Apartment Development Ready
    Where is this multifamily property located?
    The property is located at 4410 Old Spartanburg Rd Taylors, SC.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: 56-unit apartment shovel-ready development.; Approved and permitted for construction.; Compliant with affordable housing standards and potentially eligible for LIHTC financing.
    Request Owner's contact information
    4410 Old Spartanburg Rd Taylors, SC 29687
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    Taylors, SC 29687
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4410 Old Spartanburg Rd Taylors, SC 29687
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