For Sale
$200,000

510 11Th StGaffney, SC 29340

Two homes, mobile lot, high rental income.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional Gaffney, South Carolina investment opportunity comprises two charming, well-maintained 2-bedroom, 1-bathroom homes, each approximately 960 square feet, and a rented mobile home lot. The property sits on a 0.6-acre lot at 510 11th Street, zip code 29340, and boasts a combined current monthly rental income of $1,600, with a potential increase to $2,350 based on market analysis. Both houses feature durable steel roofs and efficient 410A HVAC gas packs installed within the last five years, along with vinyl siding and a 1-car detached garage each. Interior finishes include a mix of hardwood, LVP, carpet, and vinyl flooring. Kitchens retain vintage charm, offering opportunities for modernization. The location is highly desirable, offering walkability to stores, schools, and businesses. A newly constructed Dollar General across the street signifies ongoing neighborhood development. Limestone University, local parks, and convenient access to Interstate 85 provide additional appeal, facilitating easy commutes to Spartanburg or Charlotte. This property presents a compelling opportunity for investors seeking steady cash flow and future appreciation, ideal for a buy-and-hold strategy or supplemental retirement income. Individual house rents are $700/month each, with the mobile home lot generating $200/month. The asking price is $200,000.

Highlights

  • Two charming 2-bedroom, 1-bathroom homes, each approx. 960 sq ft.
  • 0.6-acre lot at 510 11th Street, Gaffney, SC 29340.
  • Combined monthly rental income of $1,600, with potential for $2,350.
  • Durable steel roofs, efficient 410A HVAC systems (installed <5 years), vinyl siding, and 1-car detached garage per house.
  • Desirable location near stores, schools, businesses, Limestone University, I-85, and parks.

Property Details for 510 11Th St

Property type
Mixed-use properties
Lot Size (sq. ft)
26,136 SF

Location Insight

City
Gaffney
County
45021
State
South Carolina
Latitude
35.081542
Longitude
-81.6252997
510 11Th St, Gaffney, South Carolina

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510 11Th St
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