Fusion Pointe Apartments

Description

Fusion Pointe is a 72-unit multifamily community strategically located adjacent to the University of South Carolina Upstate in Spartanburg, South Carolina. The property offers a diverse unit mix, including co-living studios as well as three- and four-bedroom floor plans, designed to accommodate both student and professional tenants. Units feature functional layouts with durable finishes, including vinyl wood-style flooring, open living areas, and in-unit laundry, supporting efficient operations and consistent tenant demand. The community includes a range of amenities such as a fitness center, swimming pool, and recreational spaces, enhancing tenant experience and retention. Its proximity to USC Upstate positions the asset to benefit from a stable and recurring renter base, while nearby access to downtown Spartanburg and Boiling Springs provides additional convenience and demand drivers. Fusion Pointe represents a well-located multifamily investment with a flexible unit mix, strong occupancy potential, and long-term stability driven by its proximity to a major educational institution.

Details

Portfolio Type:

Multifamily

Location:

Spartanburg, SC

Purchase Price:

$12.5M

Renovation Budget:

IRR:

Equity Multiple (EMX):

Hold Period:

5 years

Refinance Goal:

August 2026

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