507 Belmont St Spartanburg, SC 29303
This well-maintained, two-unit apartment building presents a fantastic investment opportunity in the desirable Spartanburg, South Carolina area. Located at 507 Belmont Street, this property boasts a total of approximately 1,678 square feet, with each unit featuring two bedrooms and one bathroom. The property's convenient location offers easy access to key amenities and infrastructure. It's situated approximately one mile from Spartanburg Regional Hospital, providing proximity to a major medical center. Furthermore, its close proximity to downtown Spartanburg allows residents easy access to the city's vibrant cultural scene, restaurants, and shopping. The property benefits from its location just off Highway 176, while simultaneously enjoying the quietude of a residential street with minimal through traffic. The Spartanburg County Tax Map Number (TMS) is 7-08-9-115.00. Financial details are available upon request. This property is a solid investment in a growing area, offering a strong potential for rental income and appreciation. The asking price for this attractive duplex is $189,000. Serious inquiries are encouraged to explore this promising investment opportunity further. Additional duplexes in the area may also be available.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.