510 and 602 11th Street, Gaffney, SC 29340
Listing ID |
11392066 |
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Property Type |
Multi-Unit (2-4) |
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County |
Cherokee |
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Neighborhood |
none |
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School |
Cherokee 01 |
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Total Tax |
$1,462 |
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Tax ID |
099-14-00-009.001 |
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FEMA Flood Map |
fema.gov/portal |
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Year Built |
1945 |
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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!
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- 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 #1 –
Residential Income, Gross Area: 960, Net Leasable Area: 960, Rent Price: 700, Bedrooms: 2, Full Baths: 1, Occupied
- 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
- Frame Construction
- Vinyl Siding
- Metal Roof
- Detached Garage
- 1 Garage Space
- Municipal Water
- Municipal Sewer
- Covered Porch
- Driveway
- Trees
- Utilities
- Walk-up (Bldg. Style)
- Laundry in Building
- $1,462 City Tax
- $1,462 Total Tax
- Tax Year 2023
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1st Class Real Estate-Focal Point
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Listing data is deemed reliable but is NOT guaranteed accurate.
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