Watermere Place Luxury Townhomes | 300-399 Watermere Dr
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Watermere Place Luxury Townhomes 300-399 Watermere Dr
15 Unit Block of Flats For Sale Spartanburg, SC 29303
Investment Highlights
- Recent Renovations: Appliances, Counter tops, Flooring, Paint.
- Development: New ownership can build 10+ additional units.
- Growing Market Dynamics
- Prime Location: Adjacent to Spartanburg Technical College, 15 minutes away from Wofford and Converse.
- Solid Employment Base: Proximity to major employers such as BMW and Amazon creating consistent tenant demand, reducing vacancy risk.
Executive Summary
Marcus & Millichap is pleased to present Watermere Place Luxury Townhomes, a unique 15-unit residential community situated on 9.57 acres conveniently located in Spartanburg, South Carolina. Built in 1987, this collection of two-bedroom town homes offers a blend of modern comfort and scenic living, ideal for tenants in a rapidly expanding region. Current ownership has completed renovations on wo units allowing a new owner to continue the business plan by renovating the remaining 13 units and develop additional units on the parcel.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Sale Type | Investment | Lot Size | 9.57 AC |
| No. Units | 15 | Building Size | 15,555 SF |
| Property Type | Residential | Average Occupancy | 95% |
| Property Subtype | Apartment | Number of Floors | 2 |
| Apartment Style | Low Rise | Year Built | 1987 |
| Building Class | C |
| Sale Type | Investment |
| No. Units | 15 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 9.57 AC |
| Building Size | 15,555 SF |
| Average Occupancy | 95% |
| Number of Floors | 2 |
| Year Built | 1987 |
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PROPERTY TAXES
| Parcel Number | 6-12-00-103.00 | Improvements Assessment | £21,624 |
| Land Assessment | £6,442 | Total Assessment | £28,066 |
PROPERTY TAXES
Parcel Number
6-12-00-103.00
Land Assessment
£6,442
Improvements Assessment
£21,624
Total Assessment
£28,066
zoning
| Zoning Code | Commercial (Commercial) |
| Commercial (Commercial) |
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Watermere Place Luxury Townhomes | 300-399 Watermere Dr
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