Gaffney, SC 29340
- $205,000
- Sold Price
- $205,000
- List Price
- $200,000
- Closing Date
- Jan 22, 2025
- MLS
- 317987
- County
- Cherokee
- Type
- Multifamily
- Year Built
- 1945
Property Description
Turnkey Investment Opportunity in Gaffney, SC – Dual Rental Homes with Additional Lot Income 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!
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Additional Information
- Subtype
- Other
- Region
- Gaffney
- School District
- 11 (Cherokee)
- Elementary School
- 8-Luther Vaughn Elem
- Middle School
- 8-Gaffney Middle
- High School
- 8-Gaffney High
- Taxes
- $1,462
- Roof
- Metal
- Foundation
- Crawl Space
- Water
- Public
- Sewer
- Public Sewer
- Cooling
- Heat Pump
- Water
- Public
- Sewer
- Public Sewer
- Foundation
- Crawl Space
- Roof
- Metal
Mortgage Calculator
Listing courtesy of of 1st Class Real Estate - Focal Point.
Selling Office: 1st Class Real Estate - Focal Point.Listings courtesy of Spartanburg Association of Realtors as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.