1803 Cherokee Avenue, Gaffney, SC, 29340

House Qualifies for Zero Downpayment program via United Community Bank. Discover an exceptional opportunity to own a charming Cape Cod-style home with incredible investment potential in Gaffney, SC. Located at 1803 Cherokee Avenue, this 1,948 sq. ft. residence, priced at $275,000, combines timeless character with thoughtful modern updates. Built in 1945 and lovingly maintained, the home contains four spacious bedrooms, two beautifully updated bathrooms, and a functional layout ideal for family living or even professional office use. The modernized kitchen, stylish bathrooms, and rich hardwood flooring throughout create a warm and inviting atmosphere, while features like a 20x8-foot second-story balcony that doubles as a covered side porch adds to its unique appeal. A two-car carport and storage sheds provide additional convenience, and the home’s location on Cherokee Avenue (US Hwy 29) ensures high visibility for those interested in converting it for commercial use, with a projected commercial rental value of $2,500 per month. In addition to the primary home, the adjacent rental properties are available for an additional $200,000, creating an unparalleled opportunity for savvy investors. This bundled offering includes two rental houses (2 bed, 1 bath each), each with detached garages, and one rental lot. Currently generating $1,600 per month in gross rental income, these properties have even greater earning potential, with market rents estimated at $1,050 per house and $250 for the lot. With long-term tenants already in place, this is a turnkey investment that promises steady cash flow from day one. The location is another standout feature. Positioned across from a new Dollar General, the property benefits from excellent accessibility and parking options, enhancing its appeal for both residential and commercial use. Residents will appreciate the proximity to local amenities such as the Gaffney Outlet Marketplace, parks, and schools within the Cherokee County School District. Commuters will enjoy the convenience of easy access to I-85, offering quick connections to Charlotte, Greenville, and Spartanburg. This property is perfect for families, retirees looking for income potential, professionals seeking a home-based office with prime visibility, or investors looking for a bundled offering with immediate returns. Built by the original owner’s father and complete with its original blueprints, the home blends historical charm with modern practicality. Whether you’re searching for a forever home, a lucrative investment, or a unique commercial space, this property is a rare find that delivers on every level. Schedule your private tour today and explore the endless possibilities this remarkable property has. Don’t miss out on a chance to own a residence that combines comfort, charm, and incredible potential in the heart of Gaffney.

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Listing courtesy of Ken Pujdak, 1st Class Real Estate - Focal Phone: 864-399-8333