$ 199,000
305 Ferrari Drive Spartanburg, SC 29378
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$ 199,000
Est. payment | /mo
8 Beds
3,136 SqFt
$ 199,000
Est. payment | /mo
8 Beds
3,136 SqFt
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 3,136 sqft
Price per Sqft $63
MLS Listing ID 301290
Bedrooms 8
Construction Status 31-50
Annual Tax Amount $66,276
Tax Year 2022
Lot Size 0.390 Acres
Acres 0.39
Property Description
RE-LISTED DUE TO NO FAULT OF THE SELLER! Welcome to an exceptional investment opportunity located just 10 minutes from downtown Spartanburg, SC. This meticulously maintained property spans 0.39 acres and features four manufactured homes, providing a fantastic chance for investors to capitalize on the thriving real estate market in the area. With two fully renovated homes already generating rental income and two additional homes primed for renovations, this property offers both immediate returns and future potential. Key Features: Location: Situated a mere 10 minutes from downtown Spartanburg, this property offers convenient access to urban amenities, including shopping, dining, entertainment, and employment opportunities. It is also 2 minutes from I-85 for an easy commute! Land: The expansive 0.39-acre plot is well-kept, featuring a brand-new driveway and lush greenery, creating a peaceful and inviting atmosphere for residents. Utilities: The property is connected to both water and power utilities, ensuring a comfortable living experience for tenants. Renovated Manufactured Homes: Two of the manufactured homes on the property have undergone extensive renovations, including new floors, electrical wiring, plumbing, kitchens, HVAC systems, roof coatings, appliances, lighting fixtures, water heaters, etc. These homes are currently rented for $750 per month each, generating immediate cash flow for investors. One is a 2 bed/2 bath and the other is a 2 bed/1 bath Potential for Value Appreciation: The two remaining manufactured homes have already been painted on the exterior, had their roofs coated, undergone demolition, and had some windows replaced. With further renovations, these homes can be transformed into lucrative rental units, expanding the revenue potential of the property. Both are currently set up to be 2 bed/1 bath. Investor-Friendly: This property is tailor-made for investors seeking to maximize their returns. With two homes already generating income, the potential for increased rental revenue from the remaining two homes, and the overall growth of the Spartanburg real estate market, this opportunity is primed for success. Don't miss out on this remarkable investment prospect that combines immediate cash flow with future value appreciation. Act now and seize the chance to add this strategically located property to your investment portfolio. Contact us today to schedule a viewing or for further information.
Location
State SC
County Spartanburg, Sc
Area Spartanburg
Interior
Hot Water Electric
Heating Baseboard, Heat Pump
Cooling Central Forced, Zoned
Exterior
Garage Two Spaces
Roof Type Metal
Building
Sewer Public Sewer
Water Public Water
Level or Stories One
Construction Status 31-50
Schools
Elementary Schools 6-Arcadia Elem
Middle Schools 6-Fair Forest
High Schools 6-Dorman High
School District 6
Others
Financing Owner May Finance
Listed by Gramling Real Estate LLC