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250 Southport Rd - Southport Apartment Homes 12.22 Acres of Residential Land in Spartanburg, SC 29306
INVESTMENT HIGHLIGHTS
- 244 Unit Apartment Building
EXECUTIVE SUMMARY
Southport Apartment Homes is an 244-unit apartment complex located in Spartanburg County. Construction is set to begin in 2026. The price reflects a fully constructed and stabilized product.
Southport Apartment Homes is an apartment complex planned on 12.22 acres at 250 Southport Road, Spartanburg, with 244 units in seven buildings, for a total of 90,375 square feet. The site will be accessed by a single entrance from Southport Road. A total of 415 parking spaces is planned.
Southport Apartment Homes is an apartment complex planned on 12.22 acres at 250 Southport Road, Spartanburg, with 244 units in seven buildings, for a total of 90,375 square feet. The site will be accessed by a single entrance from Southport Road. A total of 415 parking spaces is planned.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER AC |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$3,466,020
|
$283,635.02
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Net Operating Income | |
|---|---|
| Annual | $3,466,020 |
| Annual Per AC | $283,635.02 |
PROPERTY FACTS
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Proposed Use | Multifamily |
| Property Type | Land | Total Lot Size | 12.22 AC |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 12.22 AC |
1 LOT AVAILABLE
Lot
| Lot Size | 12.22 AC |
| Lot Size | 12.22 AC |
244 Unit Multifamily Development Project. Prices based on completion of construction.
PROPERTY TAXES
| Parcel Number | 6-25-00-161.09 | Improvements Assessment | $0 |
| Land Assessment | $107,999 | Total Assessment | $107,999 |
PROPERTY TAXES
Parcel Number
6-25-00-161.09
Land Assessment
$107,999
Improvements Assessment
$0
Total Assessment
$107,999
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Presented by
Surge Investment Group
250 Southport Rd - Southport Apartment Homes
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