305 Ferrari Spartanburg Sc 29378

Spartanburg, SC 29301

$199,000
Price
8
Beds
3,136 Sq. Ft.
$63 / Sq. Ft.
3,136
Sq. Ft.
$63
per Sq. Ft.

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...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.
  1. Listed by Connor LeRoy • Gramling Real Estate LLC

Amenities

  • Air Conditioning
  • Driveway
  • Parking Included
LISTING UPDATED: 11/18/2024 08:33 PM

Property Details for 305 Ferrari Spartanburg Sc 29378

StatusActive
MLS #301290
Days on Market566
Taxes$66,276 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti family / Other
Year Built-
Lot Size0.39 AC / 16,988 SF
CountySpartanburg County

Building Information for 305 Ferrari Spartanburg Sc 29378

Stories1Residences4Year Built-Building Size-Lot Size0.39 AC / 16,988 SF

Property Information for 305 Ferrari Spartanburg Sc 29378

Summary
Location and General Information
  • Directions: Turn off of New Cut Rd onto Newman Rd at the Valero and the property is on your left.
  • Address: 305 Ferrari Drive
  • Zip: 29378
  • City: Spartanburg
  • County: Spartanburg, SC
  • State: SC
  • Area: Spartanburg
  • Geo Latitude: 34.973226
  • Geo Longitude: -81.977173
  • Geo Quality: 0.95
  • Geo Zoom Level: 16.0
  • Geo Address Line: 305 Ferrari Dr
  • Geo Primary City: Spartanburg
  • Geo Subdivision: SC
  • Geo Postal Code: 29301
  • Geo Match Code: 0.0
  • Geo Matched Method: 1.0
  • In City: No
Taxes and HOA Information
  • Tax Rate: 6%
  • Tax Year: 2022
  • Taxes: $66,276
School Information
  • Elementary School: 6-Arcadia Elem
  • Middle School: 6-Fair Forest
  • High School: 6-Dorman High
  • School District: 6
Parking
  • Parking Per Unit: Two Spaces
Property
Lot Information
  • Total SqFt of Building: 3136.0
  • Number of Acres: 0.39
Property and Assessments
  • Approximate Age: 31-50
  • Photo Count: 15
  • Associated Document Count: 0
  • Special Financing: Owner May Finance
Utilities
  • Utility Co Electric: Duke
  • Utility Co Public Water: SPBG Water
  • Heat System: Baseboard, Heat Pump
  • Sewer: Public Sewer
  • Heating Fuel Type: Electricity
  • Water Heater: Electric
  • Cooling: Central Forced, Zoned
  • Water: Public Water
Interior and Exterior Features
Interior Features
  • Number of Stories: One
  • Roof: Metal
Multi Family
Multi-Family Information
  • Number of 2 BR Units: 4
  • Total Number of Units: 4
Unit 1
  • Unit 1 Sq Ft: 784
Unit 2
  • Unit 2 Sq Ft: 784
Unit 3
  • Unit 3 Sq Ft: 784
Unit 4
  • Unit 4 Sq Ft: 784

Property History for 305 Ferrari Spartanburg Sc 29378

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 305 Ferrari Spartanburg Sc 29378

This home is within Spartanburg 06 School District.
Rating
School
Type
Grades
Distance
Arcadia Elementary School
Public - PK to 5
Fairforest Middle School
Public - 6 to 8
Dorman High School
Public - 9 to 12
Lone Oak Elementary School
Public - K to 5
Rating
School
Distance
Arcadia Elementary School
PublicPK to 5

Fairforest Middle School
Public6 to 8

Dorman High School
Public9 to 12

Lone Oak Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 305 Ferrari Spartanburg Sc 29378, Spartanburg, SC 29301

305 Ferrari Spartanburg Sc 29378 is a multi-family home for sale in Spartanburg, SC 29301. This property was listed for sale on June 14, 2023 by Gramling Real Estate LLC, it's currently listed at $199,000. This listing's school district is Spartanburg 06 School District. Nearby schools include Arcadia Elementary School, Fairforest Middle School and Dorman High School. 305 Ferrari Spartanburg Sc 29378 is a 8-bed, 0-bath, 3,136 sqft multi-family home.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Gramling Real Estate LLC

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