REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Joshua Minico

josh@minicorealestate.com +1(803) 569-0633

$ 230,000

Est. payment | -/mo

8 Beds

3 Baths

2,050 SqFt

Save

$ 230,000

Est. payment | -/mo

Save

8 Beds

3 Baths

2,050 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Pending

Purchase Type For Sale

Approx. Sqft 2000-2199

Square Footage 2,050 sqft

Price per Sqft $112

MLS Listing ID 1587235

Style Bungalow,Ranch

Bedrooms 8

Full Baths 2

Half Baths 1

Construction Status 50+

HOA Y/N no

Annual Tax Amount $2,674

Lot Size 8,712 Sqft

Property Sub-Type Single Family Residence

Property Description

This income-producing property is already generating over 5000 per month and is fully occupied with tenants in place. Located in Spartanburg SC, this 8 bedroom 2.5 bath home is currently operating as a room rental property with weekly rents of 160 to 175 per room, producing an estimated 5120 to 5600 per month or 61440 to 67200 annually. At a purchase price of 230000, this reflects an estimated gross return of 26 percent to 29 percent before expenses. This is a proven, stabilized rental model offering immediate cash flow from day one. Renting by the room allows for significantly higher income compared to traditional single family leasing, while also meeting the growing demand for affordable housing. Ideal for investors interested in workforce or veteran housing. Tenant occupied and fully rented. Do not disturb tenants. Showings require 24 hour notice. Buyers are encouraged to drive by prior to scheduling. Available for immediate purchase.

Location

State SC

County Spartanburg

Area 033

Rooms

Basement None

Master Description Other/See Remarks

Interior

Interior Features Split Floor Plan

Heating Electric

Cooling Electric

Flooring Vinyl

Fireplaces Type None

Fireplace Yes

Appliance Refrigerator, Electric Water Heater

Laundry 1st Floor, In Kitchen

Exterior

Parking Features See Remarks, Gravel, None, Other

Community Features None

Roof Type Architectural

Garage No

Building

Building Age 50+

Lot Description 1/2 Acre or Less

Story 1

Foundation Crawl Space

Sewer Public Sewer

Water Public

Architectural Style Bungalow, Ranch

Level or Stories One

Construction Status 50+

Schools

Elementary Schools Woodland Heights

Middle Schools Mccraken

High Schools Spartanburg

Others

HOA Fee Include None

Listed by JPAR Magnolia Group Greenville

Schools and Properties Nearby

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(803) 569-0633

josh@minicorealestate.com

7227 Parklane Rd, Columbia, SC, 29223, USA

Learn More About LPT Realty

1660 Wofford Street Spartanburg, SC 29301