SC > Spartanburg
Spartanburg, SC 29378,305 Ferrari Drive
Spartanburg, SC 29378,305 Ferrari Drive
Spartanburg, SC 29378,305 Ferrari Drive
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Tiewana Bynum

Tiewana Bynum

+1(678) 429-1674
$194,900
Est. payment /mo
6 Beds
5 Baths
3,136 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,136 sqft

Price per Sqft $62

MLS Listing ID 1553325

Bedrooms 6

Full Baths 5

Construction Status 31-50

HOA Y/N no

Year Built 1979

Building Age 31-50

Annual Tax Amount $509

Lot Size 0.390 Acres

Lot Dimensions 153 x 91 x 175 x 93

Property Sub-Type Quadruplex

Property Description

Spartanburg Investment Goldmine: Immediate Cash Flow & Untapped Potential! (Act Fast!) Imagine: Generating instant rental income while simultaneously unlocking substantial future value. This isn't just another listing; it's your chance to capitalize on Spartanburg's booming real estate market with a property that delivers now and promises even more. Here's the deal: This 0.39-acre mobile home park, strategically located just 10 minutes from vibrant downtown Spartanburg and a mere 2 minutes from I-85, is primed for explosive growth. Instant Cash Flow: Two fully renovated manufactured homes are already generating a combined $1,525/month ($750 & $775). That's immediate, tangible returns hitting your bottom line from day one. (One 2 bed/2 bath and one 2 bed/1 bath) Massive Upside Potential: Two additional shells, already prepped with exterior paint, roof coating, partial window replacement and demolition, are screaming for your vision. These are blank canvases, ready to be transformed into high-demand 2 bed/1 bath rental units, significantly boosting your ROI. Strategic Location: 10 minutes to downtown Spartanburg's thriving amenities—shopping, dining, entertainment, and employment—ensures consistent tenant demand. Plus, instant access to I-85 means effortless commutes, a major draw for renters. Turnkey Infrastructure: Brand-new driveway and established water and power utilities mean minimal upfront costs and smooth operations. Limited Opportunity: Properties like this, offering both immediate income and substantial growth potential, are rare. Don't let this slip through your fingers. This isn't just an investment; it's a launchpad for significant wealth creation. The Spartanburg market is hot, and opportunities like this don't last.

Location

State SC

County Spartanburg

Area 033

Interior

Heating Baseboard, Heat Pump

Cooling Central Forced

Flooring Unit 1: Dishwasher, Disposal, Refrigerator, Vinyl Floor, Stand Alone Rng-Electric, Unit 2: Dishwasher, Disposal, Refrigerator, Vinyl Floor, Stand Alone Rng-Electric

Fireplace No

Appliance Unit 1: Dishwasher, Refrigerator, Unit 2: Dishwasher, Refrigerator, Electric Water Heater

Exterior

Parking Features Two Spaces

Community Features None

Roof Type Metal

Building

Story 1

Foundation Other

Sewer Public Sewer

Water Public

Construction Status 31-50

Schools

Elementary Schools Arcadia

Middle Schools Fairforest

High Schools Dorman

Others

Acceptable Financing Owner May Carry

Listing Terms Owner May Carry

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Listed by Realty One Group Freedom

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agent

Tiewana Bynum

+1(678) 429-1674

Realtor | License ID: 445745

Realtor License ID: 445745

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