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616 S Converse St
Spartanburg, SC 29306 South Converse

$325,000 USD

Apartments For Sale • 1,602 SF

Property Details

Property Type Apartments
Total Building Size 1,602 SF
Lot Size 0.2 AC
Building Class B
Year Built 1921
Cap Rate 14.03 %

50 Walk Score

                
                    Highlights
                
                                616 S Converse is a quaint, two-unit apartment building rented through AirBnB, originally constructed in the early 1920s and fully rehabbed in 2023.
                            
                                The building is located near all events/ hospitals/ colleges in Spartanburg, enabling high renter demand. 
                            
                                An investors opportunity to acquire a modern, well-maintained asset with cash-flow. 
                            
                                The two-unit building offers natural light, separated private quarters, stainless steel appliances, and modern finishes throughout.

Property Flyers

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Financial Summary (Actual)

Net Operating Income: $46,632 USD (2024)

Cap Rate:	14.03 %
Total Expenses:	$14,368 USD

Amenities

Air Conditioning

Public Transportation

Commuter Rail	Drive	Walk	Distance
Spartanburg Amtrak Station (Crescent - Amtrak)	5 min	-	2.0 mi
Airport	Drive	Walk	Distance
Greenville Spartanburg International	36 min	-	20.5 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	Surface
Included in Rent:	Yes

Titus Graham 803-549-8227 Lifestyles Realty

616 S Converse St Spartanburg, SC 29306 South Converse