1803 Cherokee Ave - Office/Residential FOR SALE


Gaffney, SC 29340
$475,000 USD
864-399-8333
1803 Cherokee Ave, Gaffney, SC for Sale
$475,000 USD
Office/Residential - FOR SALE
1/60
null | 10.36% Cap Rate

NEW


1803 Cherokee Ave
Gaffney, SC 29340


OVERVIEW

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. ________________________________________ 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!

FOR SALE DETAILS

PRICE

$475,000 USD

PRICE/SF

$244 USD /SF

CAP RATE

10.36%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Exclusive Investment Package in Gaffney, SC

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Industrial Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1945

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.9 AC

LAND SF

39,204 SF

ZONING

-

APN/PARCEL ID

099-14-00-009.002

ASK ABOUT THIS PROPERTY

Kenneth Pujdak1st Class Real Estate - Focal PointMore Info
864-399-8333

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Kenneth Pujdak1st Class Real Estate - Focal PointMore Info
864-399-8333

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.