This Multifamily Property is Off-Market.

114-116 Poplar St.
Cowpens, SC 29330 ·

2 Units · Multifamily For Sale

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Wholesale duplex in Spartanburg, SC

Price N/A Property Sub-type Duplex/Triplex/Fourplex
No. Units 2 Property Use Type Investment
Building Size 1,200 SF Cap Rate 15%
Property Type Multifamily
Listing ID: 15486028 Date Created: 12/19/2007 Last Updated: 01/15/2008

Description

This is a cash flow machine. Duplex is block and maintenance free vinyl siding. One side is rented for $360. It is under lease through Feb. 2008. Plans are to raise rent to $400 at that time. The other side is vacant and has just undergone some improvements. Asking $425 for the vacant side. It should be filled soon. Tenants pay all utilities except water. Owner will be responsible for water. Property management is already in place for you. SEE ATTACHED FLYER FOR MORE PICTURES AND FINANCIAL INFORMATION.

We provide real estate investors nationwide with complete turn-key programs for acquiring residential and commercial properties for resell or to manage as income-producing rental properties. We focus in strategic markets where acquisition costs are still affordable and positive cash flow is expected. The Upstate of South Carolina currently is a proven market for these strategies. The South Carolina Upstate includes the 6 counties of the Greenville-Spartanburg-Anderson CSA which has an overall population of 1,162,459. The Upstate is the fastest growing region in the state and one of the fastest growing in the Eastern US, and given its strategic position between Atlanta and Charlotte, future development and growth prospects are bright. Spartanburg is currently ranked 48th best city to live in the country (see attachment). Foreign companies have made a substantial presence in the Upstate, and several large domestic & international corporations have established regional, national, or continental headquarters in the region. Our current investment activity is focused in the major Upstate cities of Greenville, Spartanburg and Anderson.

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114-116 Poplar St., Cowpens, SC 29330 (Spartanburg County)

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