City View Apartments

Description

City View Apartments is a 39-unit multifamily community located in the heart of downtown Spartanburg, offering a blend of historic character and modern convenience. The property features thoughtfully designed one- and two-bedroom residences, highlighted by hardwood flooring, spacious living areas, and large bay windows that provide abundant natural light and views of the surrounding downtown area. The building maintains its classic architectural charm while incorporating modern amenities such as controlled keypad access, updated kitchens, and on-site laundry facilities. Residents benefit from walkable access to Spartanburg’s core amenities, including dining, retail, and entertainment, making the property highly desirable for urban living. Additional features such as convenient parking and attached fire escape balconies enhance both functionality and tenant experience. City View Apartments represents a well-positioned asset in a growing downtown market, combining strong rental appeal with long-term investment potential.

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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