220 Floyd Rd Spartanburg, SC 29303
- Mobile home & RV parks
- 10.67 lot acres
Current Use by Public Records
- Mobile home & RV parks
Property Details for 220 Floyd Rd
- Lot size
- 10.67 lot acres
- Property type
- Mobile home & RV parks
- Property subtype
- Apartment buildings
Description
This exceptional investment opportunity presents a 5-unit apartment building situated on a substantial 10.67-acre lot in Spartanburg, South Carolina. Priced at $3,000,000, this property offers significant potential for growth and return. The apartment building itself comprises five individual units, providing immediate rental income. The expansive lot size presents further development possibilities, allowing for expansion or the creation of additional income streams. The property's location in Spartanburg, SC, offers access to a thriving market and a strong rental demand. This is an ideal investment for those seeking a multi-faceted property with both immediate income generation and long-term development potential. The property's size and location make it a compelling opportunity for investors looking to capitalize on the growing real estate market in the Spartanburg area. This is a rare chance to acquire a well-positioned multifamily property with substantial land, offering a unique blend of immediate returns and future development potential. The property's solid foundation and location in a desirable area make it a strong investment for both experienced and emerging investors. This is a turnkey opportunity to acquire a profitable multifamily property with significant upside potential.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Spartanburg
- County
- Spartanburg
- State
- South Carolina
- Longitude
- -81.9085
- Latitude
- 34.995
