Property Description:
This house is located right downtown Pickens within walking distance of stores, restaurants, and the local middle school (across the street). Less than 5 minute drive time to all local municipal buildings and utility provider.
This is a SFR right over 1300 sq. ft. featuring 2 bedrooms, 1 bath, a large living room/den as well as an additional den area right off kitchen. This was previously a 3rd bedroom that the owners opened up to an additional den and could be converted back to a 3rd bedroom pretty easily. Home also has a small back block patio area that sits off the rear of the house. This house sits on a large lot (right under an acre / .90) with about 150 ft of road frontage and right across the street from Pickens Middle School.
Exit strategy for the buyer/investor on this property will depend on individual preferences. Home is currently being lived in and easily could be rented out in as-is condition (other than a DEEP cleaning and maybe some basic maintenance) for $700 - $800 a month. Also, comps in the area put the full rehabbed ARV of this house at an estimated $130K with similar rehabbed houses in age, lot size, and size selling between $90 and $105 a sq.ft. Rehab cost to achieve full max ARV on home is estimated at $35K.
Property is available via assignment of initial purchase contract with a purchase price of $52,995. Available only to cash buyers / hard money buyers. Need to close within 30 days of agreed upon purchase contract with end-buyer. Will be using the McCord Law Firm in Greenville. Buyer is required to place a $2500 non-refundable deposit upon acceptance of purchase contract.