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250 Southport Rd - Southport Apartment Homes 12.22 Acres of Residential Land in Spartanburg, SC 29306
Investment Highlights
- 244 Unit Apartment Building
Executive Summary
Southport Apartment Homes is an 244-unit apartment complex located in Spartanburg County. Construction is set to begin in 2026. The price reflects a fully constructed and stabilized product.
Southport Apartment Homes is an apartment complex planned on 12.22 acres at 250 Southport Road, Spartanburg, with 244 units in seven buildings, for a total of 90,375 square feet. The site will be accessed by a single entrance from Southport Road. A total of 415 parking spaces is planned.
Southport Apartment Homes is an apartment complex planned on 12.22 acres at 250 Southport Road, Spartanburg, with 244 units in seven buildings, for a total of 90,375 square feet. The site will be accessed by a single entrance from Southport Road. A total of 415 parking spaces is planned.
Financial Summary (Pro Forma - 2025) |
Annual (CAD) | Annual Per AC (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$4,738,223
|
$387,743.27
|
Financial Summary (Pro Forma - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $4,738,223 |
| Annual Per AC | $387,743.27 |
Property Facts
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Proposed Use | Multifamily |
| Property Type | Land | Total Lot Size | 12.22 AC |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 12.22 AC |
1 Lot Available
Lot
| Lot Size | 12.22 AC |
| Lot Size | 12.22 AC |
244 Unit Multifamily Development Project. Prices based on completion of construction.
Property Taxes
| Parcel Number | 6-25-00-161.09 | Improvements Assessment | $0 CAD |
| Land Assessment | $147,365 CAD | Total Assessment | $147,365 CAD |
Property Taxes
Parcel Number
6-25-00-161.09
Land Assessment
$147,365 CAD
Improvements Assessment
$0 CAD
Total Assessment
$147,365 CAD
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Presented by
Surge Investment Group
250 Southport Rd - Southport Apartment Homes
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