510 11th Street Save Request In-Person Tour Request Virtual Tour
Gaffney,SC 29340
Key Details
Sold Price $205,0002.5%
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,920 sqft
Price per Sqft $106
MLS Listing ID 1543567
Sold Date
Bedrooms 4
Full Baths 2
HOA Y/N no
Year Built 1945
Annual Tax Amount $1,462
Lot Size 0.600 Acres
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!
Location
State SC
County Cherokee
Area Other
Interior
Heating Heat Pump,Natural Gas
Cooling Electric,Heat Pump
Fireplace No
Appliance Unit 1: Oven-Electric,Unit 2: Oven-Electric,Electric Water Heater
Exterior
Parking Features Garage,Off Street,Two Spaces
Community Features None
Roof Type Metal
Garage Yes
Building
Story 1
Foundation Crawl Space
Sewer Public Sewer
Water Public
Schools
Elementary Schools Luther Vaughn
Middle Schools Gaffney
High Schools Gaffney
Others
Acceptable Financing USDA Loan
Listing Terms USDA Loan