This income-producing property is already generating over 5000 per month and is fully occupied with tenants in place. Located in Spartanburg SC, this 8 bedroom 2.5 bath home is currently operating as a room rental property with weekly rents of 160 to 175 per room, producing an estimated 5120 to… Read More 5600 per month or 61440 to 67200 annually. At a purchase price of 230000, this reflects an estimated gross return of 26 percent to 29 percent before expenses. This is a proven, stabilized rental model offering immediate cash flow from day one. Renting by the room allows for significantly higher income compared to traditional single family leasing, while also meeting the growing demand for affordable housing. Ideal for investors interested in workforce or veteran housing. Tenant occupied and fully rented. Do not disturb tenants. Showings require 24 hour notice. Buyers are encouraged to drive by prior to scheduling. Available for immediate purchase. Read Less
Courtesy of Nicole Watkins, JPAR Magnolia Group Greenville.
Listing Snapshot
Days Online
19
Last Updated
Property Type
Single Family Residence
Beds
8
Full Baths
2
Partial Baths
1
Square Ft.
2,050
Lot Size
0.2 Acres
MLS Number
1587235
30 Days Snapshot Of 29301
$295k
+2%
(avg) sold price
133
+64%
homes sold
69
-15%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Appliances: "Refrigerator", "Electric Water Heater"
Information herein is deemed reliable but not guaranteed and is 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.
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