285 Stone St, Pacolet, SC 29372

$84,900
: 3
BD
: 2
BA
: 1,520
SqFt

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List Price: $84,900
Status: ACTIVE
MLS: 338365
Beds: 3
Baths: 2
Full Baths: 2
County: Spartanburg
Neighborhood: Pacolet Mill
Type: Single Family Residential
Year Built: 1920

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Property Description

Unique investment opportunity in the heart of Pacolet! Currently configured as a 3-bedroom, 2-bath single-family home, this property was originally built as a duplex and could be easily converted back, offering excellent income-producing potential. The home still features two separate entrances and two power meters, and if converted back to a duplex, projected rents are estimated at approximately $800-$900 per side. Recent improvements include two new mini-split HVAC systems and a beautifully remodeled bathroom, while additional renovations remain unfinished, allowing the next owner to add their own finishing touches and build equity. Conveniently located near downtown Pacolet, the property is within walking distance of the exciting new Pacolet Amphitheater development and the scenic walking trail along the Pacolet River. Due to the incomplete renovations, the property is unlikely to qualify for traditional financing and is best suited for cash buyers or renovation loan programs. Don't miss this chance to own a versatile property with strong rental potential in an area poised for continued growth and revitalization.

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