Liberty Square Apartments

Description

Liberty Square Apartments is a 40-unit townhome-style multifamily complex in the heart of downtown Spartanburg, located within walking distance to the new baseball stadium and over $500 million in ongoing city redevelopment. Acquired in March 2025, the project focuses on value-add renovations, increasing rents, and operational efficiency. Amenities to be added include a dog park and unit upgrades.

Details

Portfolio Type:

Commercial

Location:

Spartanburg, SC

Purchase Price:

$5 million

Renovation Budget:

$1.25 million

IRR:

20%+

Equity Multiple (EMX):

2x+

Hold Period:

5 years

Refinance Goal:

December 2025

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Title Price Status Type Area Purpose Bedrooms Bathrooms