$230,000
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Single Family
Residence
8
Beds
3
Baths
Sq. Ft.
0.2
Acre
Lot
Property Activity
Time on Site
days
Days on Market
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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 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.
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MLS#
1587235
Property Type
Single Family
Bedrooms
8
Bathrooms
2 Full/1 Half
Lot Size
0.2
Stories
1.0
Sewer
Public Sewer
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