Your Home, Your Dream, Our Mission

305 Ferrari Drive
Spartanburg, SC 29378

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$ 220,000
$ 199,000

0 bd 0 ba 0 sqft 0.39 acre

Valentina Ragozinski - Real Estate Broker in Spartanburg, SC
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Valentina Ragozinski

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.

Features
  • stories
    One
  • hoa_fee
    4
Schools
  • district
    6
  • elementary
    6-Arcadia Elem
  • middle
    6-Fair Forest
  • high
    6-Dorman High

Listed by:
Connor Leroy Lic. #32458
Gramling Real Estate LLC Lic. #554

MLS ID: 301290

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The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the Spartanburg Association of REALTORS®. IDX information provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable, but not guaranteed.

Listing updated on 2023-06-14

Spartanburg Association of REALTORS