510 11Th St Gaffney, SC 29340

Property Details for 510 11Th St

Lot size

0.60 lot acres

Property type

Commercial real estate

Description

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.