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AgentOwned Realty

info@agentownedrealty.com +1(800) 919-2427

$ 415,000

Est. payment -/mo

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Active

156 Garrett Street Spartanburg, SC 29302

8 Beds

4 Baths

2,980 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,980 sqft

Price per Sqft $139

MLS Listing ID 1565137

Bedrooms 8

Full Baths 4

Construction Status 50+

HOA Y/N no

Year Built 1916

Annual Tax Amount $9,628

Lot Size 7,405 Sqft

Property Sub-Type Quadruplex

Property Description

Don't miss this prime investment property featuring four 2-bedroom, 1-bath units. Currently, three units are occupied with strong rental history, generating a combined rental income of $2,650/month, with the fourth unit previously renting for $900/month—total potential income of $3,550/month. Situated just off East Main Street in School District 7, this multifamily property is conveniently located near shopping, public transportation, and is within walking distance to Converse College. There is a newer roof, all appliances have been updated in the last 3 years and the seller will install a new range and refrigerator with acceptable offer. The area is experiencing notable new development, making this an ideal time to invest. Each unit is separately metered for utilities, offering added convenience and flexibility for tenants and owners alike, and the roof is new. The property is being sold "As Is", with the following lease expirations in place: Unit 1: Leased through 06/30/2026, Unit 2: Leased through 10/31/2025, Unit 3: Vacant, Unit 4: Leased through 07/31/2026. Whether you're a seasoned investor or just entering the market, this is a solid income-generating asset with strong rental history and growth potential. Schedule your showing today and take the next step toward building your portfolio!

Location

State SC

County Spartanburg

Area 033

Interior

Heating Baseboard, Electric, Natural Gas

Cooling Central Forced, Electric, Multi Units, Wall/Window Unit(s)

Fireplace No

Appliance Electric Water Heater, Water Heater

Exterior

Parking Features Off Street

Community Features None

Roof Type Composition

Building

Building Age 50+

Story 2

Foundation Crawl Space

Sewer Public Sewer

Water Public

Construction Status 50+

Schools

Elementary Schools Drayton Mills

Middle Schools Mccraken

High Schools Spartanburg

Others

Acceptable Financing None

Listing Terms None

Listed by Encore Realty

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AgentOwned Realty

+1(800) 919-2427