Quadplex in Spartanburg $2800/mo Potential Income Wholesale ONLY $69,900

3141 Longbow Dr Spartanburg, SC 29302

84
Sold

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
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.
Kevin Cook
c 864-551-0740
e kevincookinc@gmail.com
Property Features
  • Casa
  • 8 bed
  • 4 bath
  • Built 1980
  • Floor Area is 3456 square
  • 4 Toilet
  • Satellite
  • Street View
  • Transit
  • Comparables
Real Estate Agent