435 Briarwood Rd

Spartanburg, SC 29301
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3 bd, 3 ba | 1,788 sqft | Built in 1953

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List Price
$299,900

$5K

Initial Investment

$81,723

Purchase Price

$299,900

Down Payment

25%

Rent

$1,540

Total Return

$104,598

Annualized Return

16.2%

Cap Rate

3.2%

Gross Yield

6.2%

Cash Flow

-$7,373

Appreciation

8.2%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

31,250

HOA

None

Flood Risk

Not Required

Back on the market through no fault of the seller, but this loss can be your gain! Welcome to 435 Briarwood Rd! This lovely ranch-style home offers the perfect blend of modern updates and versatile living spaces. Boasting 3 bedrooms and 3 baths, this home is ideal for those seeking both comfort and functionality. Step inside to discover a beautifully renovated main floor featuring 2 bedrooms and 2 baths. The spacious living area is bathed in natural light with a Kitchen that is open to the living and dining rooms. The Living Room features a lovely fireplace, perfect for relaxing on a chilly day and being open to the kitchen and breakfast area it is a wonderful place for entertaining. The primary suite boasts an updated bath, the perfect place to get away and relax. The hall bath has also been updated and both feature beautiful walk in showers. There is an Office that could be utilized as a 4th bedroom. The laundry area completes the main floor. But the true gem of this home lies downstairs in the fully finished basement. Here, you'll find a separate apartment featuring 1 bedroom, 1 bath, a kitchenette, and a laundry room and spacious living area with its own fireplace! This versatile space is perfect for generating rental income, accommodating in-laws, or hosting guests through Airbnb. All appliances, both upstairs and downstairs convey with the home so it is move in ready! Outside, the expansive yard offers endless possibilities for outdoor enjoyment and entertaining. The house sits on .66 of an acre and is the perfect place to enjoy your outdoor spaces. Conveniently located in Spartanburg, this home offers easy access to shopping, dining, parks, and major highways as well as Downtown with all the new shops and restaurants. Don't miss your chance to own this exceptional property – schedule your showing today!

See more in Analysis
Chris deTreville
Auben Realty, LLC
GA Agent License #64566

Annual Financial Highlights

Expected Rent

$17,556

Expenses

-$3,125

Property Taxes

-$5,500

Loan Payments

-$16,304

Net Cash Flow

-$7,373

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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Listing Courtesy of:Cynthia McPhee Barrett
Agent License 75101
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Certified Agent Brokerage:Chris deTreville
Auben Realty, LLC
GA Brokerage License H-67288
SourceGreater Greenville AOR MLS
MLS #1524409
Last Updated: 05/03/2024 12:05
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