203 Caulder Circle
Spartanburg, SC 29306
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Bed
0
Bath
0.53Acre(Lot)
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 loc
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Roofing Information
Composition -
Interior Features
Roof: Composition -
Heating & Cooling
Heating: None Has Cooling: Yes Cooling: None, Electric
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Building Information
Building Area Total: 5970 Construction Materials: Block Private Pool: No
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Lot Information
Lot Size Acres: 0.53Property Information
Subdivision: None Source Property Type: Residential Income Property SubType: Apartment Levels: One and One Half
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Listing Price Information
Listing Price: $294000 Original Price: $325000
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Tax Information
Tax Year: 2024 Annual Tax: $1094
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School Information
Elementary School: 7-Mary WrightJunior High School: 7-Carver JrSenior High School: 7-Spartanburg -
Location Information
Direction: Hwy 29 towards downtown. Right onto Crescent Ave., Left onto S. Church St., Right onto Caulder Ave., Right onto Caulder Circle. WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1450 Willow Ridge Way D.., Spartanburg, SC, 29306 | $371,360 | 3 | 2.5 | 2,260 | 2,260 SqFt |
| 1287 Elterwater, Spartanburg, SC, 29306 | $279,900 | 4 | 2 | 1,600 | 1,600 SqFt |
| 1095 Longstone, Spartanburg, SC, 29306 | $255,000 | 3 | 2 | 1,400 | 1,400 SqFt |
| 1088 Longstone, Spartanburg, SC, 29306 | $255,000 | 3 | 2 | 1,600 | 1,600 SqFt |
| 1095 Longstone Way Way, Spartanburg, SC, 29306 | $255,000 | 3 | 2 | 1,582 | 1,582 SqFt |
| 1275 Elterwater, Spartanburg, SC, 29306 | $330,000 | 3 | 2.5 | 2,200 | 2,200 SqFt |
| 1275 Elterwater Lane, Spartanburg, SC, 29306 | $330,000 | 3 | 2.5 | 2,324 | 2,324 SqFt |
| 423 Ingram Trail, Spartanburg, SC, 29306 | $265,000 | 4 | 3 | 2,295 | 2,295 SqFt |
| 717 Black Wolf Run, Spartanburg, SC, 29306 | $669,000 | 4 | 6 | 3,467 | 3,467 SqFt |
| 717 Black Wolf, Spartanburg, SC, 29306 | $669,000 | 4 | 3.5 | 3,400 | 3,400 SqFt |
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ByOwner last updated this listing 06/11/2026 @ 07:21
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