510 11th ST Gaffney, SC 29340
1,920 SqFt
UPDATED:
12/17/2024 09:53 PM
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 1,920 sqft
Price per Sqft $104
MLS Listing ID 20281816
HOA Y/N No
Year Built 1945
Tax Year 2023
Lot Size 0.600 Acres
Acres 0.6
Property Description
Available as a package deal, this exceptional investment opportunity features two charming 2-bedroom, 1-bathroom homes, each approximately 960 square feet, and a rented mobile home lot, all conveniently located in a thriving semi-urban neighborhood. The current combined monthly rent is $1,600, with potential to increase to $2,350 based on market rates.
Each home is well-maintained with durable steel roofs and efficient 410A HVAC gas packs installed within the last five years. The exteriors boast vinyl siding, and both properties include a 1-car detached garage, providing additional storage or workspace. Inside, you'll find a mix of hardwood, LVP, carpet, and vinyl flooring, with kitchens featuring vintage charm and room for modern updates.
The property's location offers unbeatable convenience, with stores, schools, and businesses all within walking distance. It's directly across the street from a new Dollar General, a sign of continued development and a valuable asset for tenants. Nearby amenities include Limestone University, local parks, and quick access to Interstate 85, making commuting to Spartanburg or Charlotte a breeze.
Whether you're a retiree looking for rental income to supplement retirement or an investor with a buy-and-hold strategy, this package delivers steady cash flow and future growth. Don't miss this rare opportunity to own two income-producing homes in a desirable and accessible location.
Current Income Breakdown:
• House 1 (602 11th St): $700/month
• House 2 (510 11th St): $700/month
• Mobile Home Lot: $200/month
Asking Price: $200,000
Schedule a showing today and unlock the potential of this incredible investment!
Location
State SC
County Cherokee
Area 599-Other Sc County
Rooms
Basement Crawl Space
Interior
Interior Features InteriorFeatures
Heating Gas
Cooling Heat Pump
Fireplace No
Appliance Oven, Range, Water Heater
Exterior
Utilities Available Separate Meters
Water Access Desc Public
Roof Type Metal
Building
Lot Description City Lot, Not In Subdivision
Entry Level One
Foundation Crawlspace
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Vinyl Siding
Schools
Elementary Schools Other
Middle Schools Gaffney Middle
High Schools Gaffney High
Others
Tax ID 099-14-00-009.001
Assessment Amount $1,462
Acceptable Financing USDA Loan
Listing Terms USDA Loan