Downtown Spartanburg Assignment

Converse Heights

Highest and Best Offers Please

$460,000 suggested price

183 Connecticut Avenue.Spbg SC- 1.jpg

5 BR 4 Bath

3,458 SQFT

Suggested Price = $460,000 OBO

ARV $655,000

$125,000-$155,000 Potential Profit

Pictures
County GIS
Google Maps Street View
Facebook  
Join Our Email List
Visit our Available Properties

Address: 183 Connecticut Ave, Spartanburg, SC 29302

(Spartanburg County)

Parcel Tax #: 7-12-08-223.00

Lot Size: Approx. .2 acres

SQFT: 3,458 (County isn't taxing the newly finished space yet)


All offers due by 3PM Jun 15th, 2022


Assignable Contract


DETAILS: 

Incredible UNDER MARKET Converse Heights opportunity in the heart of downtown Spartanburg. Two blocks from Main Street. Walking distance from downtown cafes and restaurants, and breweries. Surrounded by high-end rehabs, you can update to taste, or move in just like it is.


Large, high end home in the Converse Heights Historic District. The 5bd/4ba property was built in 1927 and some original fixtures are present. The basement was recently finished (1,056 sqft) and a bathroom added. The 3,458 sqft home features:


Granite countertops

Gas range

Well Maintained Hardwood floors

Mahogany Trim

Beautiful Hardware and Doors

Newly added bathroom is all marble and Cedar

Double commercial steam shower

31 high end windows, including bay window in the front of the house

Plantation shutters


Exterior Features Include:

Off-Street Parking with Garage

Porch, Pergola, Large Balconies, Separate Garage

Architectural roof

Expanded all brick driveway


Landscape: Full landscape, Mature Trees

High End Curb Appeal


Seeking a cash buyer.



This deal will be offered with only 1 walkthrough allowed after signed contract and non-refundable earnest money deposit.

 

Details

183 Connecticut Ave, Spartanburg, SC

5 Bed 4 Bath

3,458 sqft

Expected High-End Renovation Costs: $45,000.00-$65,000.00

(mostly cosmetic)

ARV: $650,000.00-$680,000.00


Terms

Purchase Price: $460,000.00 OBO

Cash Only

1 Walkthrough Allowed Upon Contract & Earnest

Non-Refundable Earnest Money Required: $2,000.00


Repairs Needed:

One HVAC needs repair, garage door needs to be replaced, two spots (no active leaks) on the ceiling need to be painted, carpet in office needs to be replaced, updates to taste. Exterior and structure are in great shape.



Comps

Zillow Link: 401 Connecticut Ave

401 Connecticut Ave - 3 Beds 3 Bath (2 less Beds, 1 less Bath) sold for $785,000 with major updates and repairs needed.

Zillow Link: 1031 Glendalyn Cir

1031 Glendalyn Cir - 4 Beds 3 Bath (one less Bed and Bath) sold for $945,000

Zillow Link: 210 Mills Ave

210 Mills Ave - 4 Bed 3 Bath (one less Bed and Bath) Sold for $637,000

CALL FOR ACCESS: 864-660-3899

***Do not trespass. Please do not contact tenants, owners, or neighbors. Please do not re-market any of our deals without the permission of New South Home Buyers. We will not do any Joint Venture deals without a JV agreement in place in advance of any re-marketing of the property.


** Disclaimer: House is being Sold As-Is. Buyer is to Pay all Closing costs. Closing Attorney set in place**
All accepted offers require a signed assignment agreement with a $2000 Non-refundable Earnest Money Deposit. Contingent on clear, insurable title.
This is An Assignable purchase agreement. Buyers to do their own independent due diligence. New South Home Buyers, LLC and/or employees or members make no guarantees concerning property condition, value, characteristics or financial benefits.
Sincerely,
Will Boyle
864-660-3899