$325,000/mo

203 Caulder Circle, Spartanburg, SC 29306

  • 5,970 sqft
Rent shown is base rent as provided by the property owner or manager. Additional mandatory fees, deposits, or utilities may apply and are set by the property owner or manager.
  • Property Icon Rental
  • Property Year Built Icon Built in ——
  • Property Lot Size Icon0.53acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $54/sqft
  • Property List Date Icon Listed 12 days ago

Property Description

High-Upside Value-Add Investment Opportunity – 7 Unit Conversion. . . Investors and developers—this is the type of project that creates serious equity. . This partially renovated building shell with 11 foot ceilings has already completed major structural improvements including updated roof rafters and flooring systems, significantly reducing early-stage construction risk and cost. The property is positioned to be completed as up to 7 income-producing rental units, a laundry center, and rentable storage space, giving investors the opportunity to create a strong cash-flowing asset. . .Assuming rents of $1,250/mo. x 7 units with a 35% expense ratio calculates a 9.4% CAP rate, well above average returns. BRRRR Strategy, Long Term Hold, Short Term Rental. All possible options being located close to employment and recreation. Bring your contractor and calculator to this ready to be finished opportunity.

Listing Status:
Active
Data Last Updated:
March 25, 2026 at 12:23AM
Listing Office:
Brand Name Real Estate Upstate : 843-737-0708
Listing Agent:
Robert Turchetta : 864-909-6991
MLS ID:
334564
  • A/C: None
  • Heating: Electric
  • Roofing: Composition
  • General: BlockOne and One HalfSee Remarks
  • Originating MLS: spartanburg
  • School District: 7
  • County: SpartanburgSC
  • Zoning: 7-16-07-067
  • Water: Public
  • Sewer: Public Sewer
  • Source: spartanburg

This listing courtesy of Robert Turchetta , Brand Name Real Estate Upstate

Location

Schools Nearby

M

Mary H. Wright Elementary School

457 S Church St, Spartanburg, SC, 29306

Grades KG-5

0.36 miles away

C

Carver Middle School

467 S Church St, Spartanburg, SC, 29306

Grades 6-8

0.30 miles away

S

Spartanburg High School

2250 E Main St, Spartanburg, SC, 29307

Grades 9-12

4.11 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.