510 and 602 11th Street, Gaffney, SC 29340

33 Photos
 
$200,000
Active for Sale
 
Listing ID 11392066
Property Type Multi-Unit (2-4)
County Cherokee
Neighborhood none
School Cherokee 01
Total Tax $1,462
Tax ID 099-14-00-009.001
FEMA Flood Map fema.gov/portal
Year Built 1945
   
Associated Documents
DOCUMENTDeed
DOCUMENTFloor Plan Sketch
DOCUMENTLead Based Paint Disclosure
DOCUMENTPlat
DOCUMENTSellers Disclosure
DOCUMENTTax Record
 
Virtual Tour

Turnkey Investment Opportunity in Gaffney, SC - Dual Rental Home

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!
Property Details
  • 4 Total Bedrooms
  • 2 Full Baths
  • 1920 SF
  • 0.60 Acres
  • Built in 1945
  • 1 Story
  • Available 12/10/2024
  • Bungalow Style
  • Crawl Basement
Unit Information
Unit #1Residential Income, Gross Area: 960, Net Leasable Area: 960, Rent Price: 700, Bedrooms: 2, Full Baths: 1, Occupied
Interior Features
  • Open Kitchen
  • Laminate Kitchen Counter
  • Oven/Range
  • Carpet Flooring
  • Hardwood Flooring
  • Laminate Flooring
  • Luxury Vinyl Tile Flooring
  • Vinyl Flooring
  • Laundry in Unit
  • Ground Floor
  • 12 Rooms
  • Living Room
  • Dining Room
  • Primary Bedroom
  • Kitchen
  • Laundry
  • First Floor Bathroom
  • Heat Pump
  • 1 Heat/AC Zones
  • Natural Gas Fuel
  • Natural Gas Avail
  • Central A/C
Exterior Features
  • Frame Construction
  • Vinyl Siding
  • Metal Roof
  • Detached Garage
  • 1 Garage Space
  • Municipal Water
  • Municipal Sewer
  • Covered Porch
  • Driveway
  • Trees
  • Utilities
Community Details
  • Walk-up (Bldg. Style)
  • Laundry in Building
Taxes and Fees
  • $1,462 City Tax
  • $1,462 Total Tax
  • Tax Year 2023
Listed By
1st Class Real Estate-Focal Point
Office: 864-399-8333
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