Spartanburg SC SFR Portfolio
7 SFH Addresses; Portfolio Sale in East Spartanburg County
Marketing description
Blackstream CRE is pleased to present to market a unique single family rental portfolio, comprised of 6 SFH parcels totaling seven doors located in the the historic town of Cowpens & east Spartanburg county in South Carolina. This opportunity presents a discounted entry point to add value in the rapidly growing Upstate SC industrial corridor.
121 Saluda St - 2x1 A+B Duplex: $39,900
9 Heritage Ct - 1/3ac lot: $29,900
56 Thurgood Marshall Rd - 1/3ac lot: $34,900
58 Thurgood Marshall Rd - 1/3ac lot: $34,900
2 Julian Bond Ln - $90,000
10 Julian Bond Ln - $60,000
According Redfin & Realtor.com Median listing price of single family homes sold in Cowpens is +/-$220,000.00, while the median sold price is +/-$209,000.00, showing a price floor created by strong demand for housing in the area.
Connect with Matthew Nocella today at 8647292972 or [email protected] to learn more details about affordable housing in Upstate SC.
Investment highlights
ARV Range: Post-renovation comps suggest you can target $200,000 to $260,000+ per home (if you deliver good finishes in average locations).
Rent Range: Depending on condition and size, $1,400 to $1,800+ per home post-renovation is reasonable in the Cowpens market
Industrial Employers in the Region
BMW Manufacturing Co., LLC
~10,000 in Spartanburg County
Milliken & Company
~3,650 employees in Spartanburg County
Michelin North America, Inc.
~1,100 employees locally
GE Vernova
2,501 to 5,000 range (Upstate region)
Smaller Community Employers
Smurfit WestRock Paper and Packaging Corporation – Cowpens Paper Mill — located in Cowpens
Denero Industrial, LLC — works in nonwoven fabrics in Cowpens
APG Inc. – building products/manufacturing in Cowpens.
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