Property Description:
This house is located right in the heart of downtown Anderson within walking distance of all the shops, restaurants, and municipal buildings downtown. 2 blocks away from the newly built Carolina Wren Park.
This is a large historic Victorian home with over 3400 sq. ft. featuring 6 bedrooms, 3 bath, a large living room. dining room, parlor, study and wrap around porch. This home has been deemed historic and is listed in the National Register Historic District and bears the plaque on the front of the home.
This home is a great opportunity to own a piece of real history in the Upstate with the opportunity to undergo a major transformation. Home is not livable and will require a complete rehab down to the studs. Comps in the area put the full rehabbed ARV of this house at an estimated $260K with similar rehabbed houses in this area selling between $75 and $85 a sq.ft. Rehab cost to achieve full max ARV on home is estimated at $125K. This property has also been zoned limited office which allows for the possibility of the property being used as an office space with excellent rental income. Lot size estimates to allow 16 parking spaces.
Property is available via assignment of initial purchase contract with a purchase price of $44,995. Available only to cash buyers / hard money buyers. Need to close within 30 days of agreed upon purchase contract with end-buyer. Closing will be at the McCord Law Firm in Greenville, SC. Buyer will be required to put a non-refundable $2500 deposit at time of accepting purchase contract.