514 Wildwood Drive Spartanburg SC

514 Wildwood Drive

$300,000 | MLS #: 283649

514 Wildwood Drive
Spartanburg, SC29306-4026

This is a rare opportunity to purchase a high performing rental property with the potential to immediately build 3 more units all UNDER appraised value. The current property consists of two duplexes that were built in 1987, have 100% occupancy with strong positive cash flow ($2,800/month), annual leases, & the City of Spartanburg approved 3 more townhomes to be built immediately upon purchasing. This property was appraised in 2019 for a fair market value of $300,000.00 before the additional land was annexed in and approved for additional properties to be built. New roof & HVAC in 2016. Don't miss this opportunity to own a high performing property that supports the building project during construction & more than double the size of your rental units with a ton of potential close to downtown Spartanburg.

Property Photos

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Property Location

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