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    181 Fairview Ave Spartanburg, SC 29302

    Sponsored
    For Sale
    $380,000

    Four-unit rental portfolio, 100% occupied.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional multifamily investment opportunity presents a fully occupied four-unit property situated on a 0.3-acre lot in Spartanburg, South Carolina. The main house, built in 1927, features three bedrooms and two and a half bathrooms. Three additional studio-style units are located at the rear of the property, each offering one bedroom and one bathroom. This property enjoys a prime location, offering convenient access to local amenities and educational institutions. It's within walking distance of Converse College and less than a ten-minute drive from Wofford College and the vibrant downtown area of Spartanburg. The asking price for this turnkey investment is $380,000, representing a price per unit of $95,000. The property's address is 181 N Fairview Ave, Spartanburg, SC 29302, and its APN is 712357385169. This represents a strong addition to any existing portfolio or a perfect entry point for new investors seeking a stable, high-occupancy rental property in a desirable location. The property's excellent location and strong rental income make it an attractive investment opportunity with significant potential for future growth.

    Property Features for 181 Fairview Ave

    General Information

    Property type
    Multifamily properties
    Lot Size
    13,068 SF

    Building Details

    Year Built
    1927
    Units
    4

    HighLights

    • 100% Occupancy.
    • Mix of unit sizes: one 3‑bedroom, 2.5‑bath unit and three 1‑bedroom, 1‑bath units.
    • Conveniently located within walking distance of Converse College.
    • Less than a 10‑minute drive to Wofford College and the downtown area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential income homes

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Spartanburg
    County
    Spartanburg
    State
    South Carolina
    Longitude
    -81.9165423
    Latitude
    34.9570394

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    FAQs

    What type of property is this?
    Multifamily property - Four-unit rental portfolio, 100% occupied.
    Where is this multifamily property located?
    The property is located at 181 Fairview Ave Spartanburg, SC.
    What is the asking price?
    The asking price for this property is $380,000.
    What are key features of this property?
    This property features: 100% Occupancy.; Mix of unit sizes: one 3-bedroom, 2.5-bath unit and three 1-bedroom, 1-bath units.; Conveniently located within walking distance of Converse College.
    Request Owner's contact information
    181 Fairview Ave Spartanburg, SC 29302
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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
    181 Fairview Ave Spartanburg, SC 29302
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