Quadplex in Spartanburg $2800/mo Potential Income Wholesale ONLY $69,900
Casa Sold - Spartanburg SC
3141 Longbow Dr
Spartanburg, SC 29302
8 Bedroom
4 Bathroom
3,456 SF
Quadplex – 4 Units each 2Bed/1bath
Each Unit Approx 864 SF
Link to pics – https://photos.app.goo.gl/MWJULMSYzuhW4jHq6
Repairs: Needs full rehab approx $80-100K depending on finishes
Wholesale Price ONLY $69,900
ARV: $180-$200K
Market Rents $700/mo each unit
$700 X 4 = $2800/mo Gross
$2800 X 12 = $33,600/yr Gross
$70K Purchase + $80K Repairs = $150K
$33,600 – 40% Vacancy, Expenses = $20,160 NET
$20,160 / $150,000 = 13% CAP RATE
Vacant, contact me for access.
Property Features
- Casa
- 8 bed
- 4 bath
- Built 1980
- Floor Area is 3,456 square
- 4 Toilet
- Satellite
- Street View
- Transit
- Comparables