Cityview in Spartanburg
Investment Info:
Large multi-family (5+ units) commercial investment investment in Spartanburg.
Purchase price: $4,000,000
Cash invested: $100,000
B-Class asset in downtown Spartanburg which is dominated by A-Class multifamily units. Will add value by renvoting interiors and increasing curb appeal.
How did you find this deal and how did you negotiate it?
Through Furman Capital Brokerage
How did you finance this deal?
Fannie Mae loan from Arbor
How did you add value to the deal?
Renovating interior of units.
What was the outcome?
Higher rents in renovated units.