City View Apartments

Description

City View Apartments is a 39-unit multifamily community located in the heart of downtown Spartanburg, South Carolina, offering a blend of historic character and modern functionality. The property consists of one- and two-bedroom residences featuring spacious layouts, hardwood flooring, and large bay windows that provide natural light and views of the surrounding downtown area. Interior updates, controlled access, and on-site laundry facilities contribute to operational efficiency and tenant retention, while maintaining the building’s original architectural appeal. Positioned within walking distance of Spartanburg’s core dining, retail, and entertainment corridors, the asset benefits from strong urban demand drivers and a highly desirable location. Additional features such as convenient parking and outdoor access points enhance overall livability. City View Apartments represents a well-located downtown asset with stable occupancy potential, strong tenant appeal, and long-term value in a growing urban market.

Details

Portfolio Type:

Multifamily

Location:

Spartanburg, SC

Purchase Price:

$3.5M

Renovation Budget:

IRR:

Equity Multiple (EMX):

Hold Period:

3 years

Refinance Goal:

Q1 2027

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