Homes for sale - 305 Ferrari Drive, Spartanburg, SC 29378

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Michael Skillin

mikeskillin@gmail.com +1(864) 325-9503

$199,000

Est. payment - /mo

8 Beds

3,136 SqFt

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UPDATED:

11/18/2024 08:33 PM

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

Parking Features 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

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Listed by Gramling Real Estate LLC

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Michael Skillin

+1(864) 325-9503

Broker Associate | License ID: 39180

Broker Associate License ID: 39180

305 Ferrari Drive Spartanburg, SC 29378

Michael Skillin

Key Details

Location

Interior

Exterior

Building

Schools

Others

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