Exclusive Investment Package in Gaffney, SC | 1803 Cherokee Ave
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Exclusive Investment Package in Gaffney, SC 1803 Cherokee Ave
1,948 SF Vacant Office Building Gaffney, SC 29340 $673,298 CAD ($346 CAD/SF) 10.36% Cap Rate
Executive Summary
Seize this rare opportunity to acquire a diversified investment portfolio in the growing Gaffney market. This package includes a beautifully updated Cape Cod-style home and adjacent turnkey rental properties, offering multiple income streams and exceptional potential for growth.
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Package Overview
1. Primary Residence (1803 Cherokee Avenue)
• Price: $275,000
• Description: A meticulously maintained 4-bedroom, 2-bathroom Cape Cod-style home with 2,000 sq. ft. of living space.
• Features:
o Modernized kitchen and stylish bathrooms.
o Rich hardwood floors and a second-story balcony doubling as a covered porch.
o Suitable for residential, office, or boutique commercial use with high visibility on Cherokee Avenue (US Hwy 29).
o Estimated commercial rental value: $2,500/month.
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2. Adjacent Rental Properties
• Price: $200,000
• Description: Two 2-bedroom, 1-bathroom homes, each with detached garages, and a rented mobile home lot.
• Current Income: $1,600/month (potential $2,350/month at market rates).
• Features:
o Durable steel roofs and efficient HVAC systems installed in the past five years.
o Convenient location across from a new Dollar General.
o Long-term tenants in place for seamless cash flow.
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Investment Highlights
• Immediate Cash Flow: Gross rental income from adjacent properties and high market demand in the area.
• Prime Location: Positioned on a main thoroughfare near Limestone University, local businesses, and I-85 access.
• Versatility: Use the Cape Cod-style home as a residence, commercial space, or upscale rental while benefiting from adjacent property income.
• Historical Value: Built by the original owner’s father, the primary home comes with its original blueprints, blending history with modern updates.
________________________________________
Who Is This Package For?
• Investors: Add a turnkey, income-producing asset to your portfolio.
• Families or Retirees: Enjoy a beautiful home with built-in rental income to supplement your lifestyle.
• Entrepreneurs: Leverage the prime location for a home-based business or office.
________________________________________
Don’t Miss Out
This $475,000 package offers unmatched value with strong returns, future growth potential, and a piece of Gaffney’s history. Schedule your private tour today to explore how this unique property can meet your investment goals.
Contact us now to make this exceptional package yours!
________________________________________
Package Overview
1. Primary Residence (1803 Cherokee Avenue)
• Price: $275,000
• Description: A meticulously maintained 4-bedroom, 2-bathroom Cape Cod-style home with 2,000 sq. ft. of living space.
• Features:
o Modernized kitchen and stylish bathrooms.
o Rich hardwood floors and a second-story balcony doubling as a covered porch.
o Suitable for residential, office, or boutique commercial use with high visibility on Cherokee Avenue (US Hwy 29).
o Estimated commercial rental value: $2,500/month.
________________________________________
2. Adjacent Rental Properties
• Price: $200,000
• Description: Two 2-bedroom, 1-bathroom homes, each with detached garages, and a rented mobile home lot.
• Current Income: $1,600/month (potential $2,350/month at market rates).
• Features:
o Durable steel roofs and efficient HVAC systems installed in the past five years.
o Convenient location across from a new Dollar General.
o Long-term tenants in place for seamless cash flow.
________________________________________
Investment Highlights
• Immediate Cash Flow: Gross rental income from adjacent properties and high market demand in the area.
• Prime Location: Positioned on a main thoroughfare near Limestone University, local businesses, and I-85 access.
• Versatility: Use the Cape Cod-style home as a residence, commercial space, or upscale rental while benefiting from adjacent property income.
• Historical Value: Built by the original owner’s father, the primary home comes with its original blueprints, blending history with modern updates.
________________________________________
Who Is This Package For?
• Investors: Add a turnkey, income-producing asset to your portfolio.
• Families or Retirees: Enjoy a beautiful home with built-in rental income to supplement your lifestyle.
• Entrepreneurs: Leverage the prime location for a home-based business or office.
________________________________________
Don’t Miss Out
This $475,000 package offers unmatched value with strong returns, future growth potential, and a piece of Gaffney’s history. Schedule your private tour today to explore how this unique property can meet your investment goals.
Contact us now to make this exceptional package yours!
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Bulk/Portfolio Sale
Property Type
Office
Property Subtype
Building Size
1,948 SF
Building Class
C
Year Built
1945
Price
$673,298 CAD
Price Per SF
$346 CAD
Cap Rate
10.36%
NOI
$69,740 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
974 SF
Building FAR
0.05
Lot Size
0.90 AC
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Exclusive Investment Package in Gaffney, SC | 1803 Cherokee Ave
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