Gaffney, SC 29340,510 11th Street
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Gaffney, SC 29340,510 11th Street
Gaffney, SC 29340,510 11th Street
Gaffney, SC 29340,510 11th Street
Gaffney, SC 29340,510 11th Street

$205,000

Est. payment /mo

$200,000

2.5%
Est.Price: ?

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510 11th Street Gaffney, SC 29340

4 Beds

2 Baths

1,920 SqFt

SOLD DATE : 01/22/2025

Key Details

Sold Price $205,000

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 01/22/25

Bedrooms 4

Full Baths 2

HOA Y/N no

Year Built 1945

Annual Tax Amount $1,462

Lot Size 0.600 Acres

Property Sub-Type Duplex

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 Natural Gas, Heat Pump

Cooling Electric, Heat Pump

Fireplace No

Appliance Unit 1: Oven-Electric, Unit 2: Oven-Electric, Electric Water Heater

Exterior

Parking Features Two Spaces, Off Street, Garage

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

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Listed by 1st Class Real Estate - Focal
Bought with North Group Real Estate
agent

Mimi Schlenker

License ID: 113723

+1(404) 271-2238

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