Townes of Converse Apartments

Description

Townes of Converse is an 80-unit newly constructed townhome community located just off East Main Street in Spartanburg, South Carolina, near the established Converse Heights neighborhood. The property features spacious townhome-style units averaging approximately 1,580 square feet, with open layouts, high ceilings, and modern finishes. Each residence includes a private patio, attached garage, and fully equipped kitchen with granite countertops and stainless-steel appliances. In-unit laundry and walk-in closets further support tenant appeal and retention. Positioned near downtown Spartanburg, the asset benefits from strong access to dining, retail, and key employment centers, as well as regional transportation routes and Greenville-Spartanburg International Airport. Townes of Converse represents a modern, well-located multifamily asset with strong leasing potential and long-term investment value.

Details

Portfolio Type:

Multifamily

Location:

Spartanburg, SC

Purchase Price:

$19.5M

Renovation Budget:

IRR:

Equity Multiple (EMX):

Hold Period:

3 years

Refinance Goal:

May 2026

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