Property Description:
Property Summary:
The house is in excellent structural condition but could use some improved vapor barrier/insulation in crawlspace. Sits on a nice 3/4 acre corner lot in Pacolet, SC. with a very strong rental market in area. Property needs a good cleaning and some appliances and will be ready to rent between $650 and $750 a month. Property is also in proximity (less than a mile) from city center and shopping areas.
Photos:
- CLICK HERE FOR PHOTOS
Location Details:
- County: Spartanburg
- City: Pacolet
- 17 min to Converse College
- 25 min to USC Upstate
Property Details (according to public record and/or seller provided info):
- 3 BR/1.5 BA
- 1000 Sq. Ft.
- Built in 1974
- 3/4 of an acre- This property is VACANT- DO NOT TRESPASS! Lockbox code will be provided upon request.
Additional Details (actual repairs TBD by end buyer)
- General condition is GOOD
- No visible major or structural issues
- Electric heat / No central AC
- Hardwoods throughout (under linoleum)
- Property needs updating if flipping but would be move-in ready to rent with just appliances.
- Property could immediately cash flow with average rental rate in area between $650 and $750 (based on other rentals in area and type of property)
- ARV is between $120K and $130K based on recent home sales in area
Offer Price: $58,500.00 Or Best Offer
Transaction Terms:
Cash or Private Financing Only (bank/credit union financed offers will not be considered)
$2,500 Non-Refundable* Deposit required to secure the deal (*assuming marketable title)
Buyer pays ALL closing costs (please factor approximately $1200 PLUS title insurance, etc into your offer)
Closing attorney shall be selected by The Carolinas Investment Group. Title search and closing documentation preparation is started and in work.
Agents welcome! Please bring your cash buyers!! Please add your commission to your buyer's offer. Commissions are paid by your buyer.
Buyer Beware: Information provided with this deal is for reference only--You must do your own due diligence!