UpstateWholesaleHouses.com Deal
Spartanburg Fix & Flip!
FIRST COME, FIRST SERVE!
Single Family Residential Home!
162 Cornelius Rd. Spartanburg, SC 29301
3 BR / 2 BA – 1962 ft² 0.45 acre
ARV = $283k at $144/SF See Comps Below
CASH PRICE = $135,000OBO
PLEASE CALL FOR ACCESS – (864) 756-8368
Attractions:
- 5 min drive to I-26.
- 10 min drive to I-85.
- 15 minute Driving distance from Cottonwood Trail: You can take a hike and a bike trail along Lawson’s Fork Creek. It offers opportunities for outdoor recreation and wildlife viewing. Reviews typically mention its peaceful ambiance and well-maintained trails. More info here: https://maps.app.goo.gl/TcDx98pdcLFDyTxg6
5 min from Lantern Ridge Swim & Racquet Club offers activities centered around swimming and tennis. More info here: https://maps.app.goo.gl/MWqNUXnJEbP3c7TPA
Restaurants nearby:
Blue Bay Seafood, Fuddruckers, Sub Station II, China (Chinese), Mama Juana Latin Food, McDonalds, Carolina Barbecue and various more.
Property Is Currently Condemned by the City Of Spartanburg because of the repairs needed. Based on our conversation with the City, we gathered the information below:
Reason for condemnation:
The property located on 162 Cornelius Road, Spartanburg, SC 29301 was condemned, due to the property not having any running water and the bathrooms floors are not safe, floor has issues due to hole. The city of Spartanburg determined that the state that the property is currently in, is not fit for human occupancy.
Steps needed to restore the property to an acceptable state:
1. Hire a licensed contractor to do the work.
2. Go down to the City of Spartanburg Building Inspections and pull a permit to have the work started regarding the floor. Permit can be provided the same day or might take a few days. Once the permit is approved, the work on the floor can get started
3. Once the floor work is completed, go down to the City of Spartanburg Building Inspections to ask for a reinspection for the property 162 Cornelius Rd, so they can inspect the work and once the inspection passes they will release it from condemnation.
4. Water service will need to reconnected.
2. Go down to the City of Spartanburg Building Inspections and pull a permit to have the work started regarding the floor. Permit can be provided the same day or might take a few days. Once the permit is approved, the work on the floor can get started
3. Once the floor work is completed, go down to the City of Spartanburg Building Inspections to ask for a reinspection for the property 162 Cornelius Rd, so they can inspect the work and once the inspection passes they will release it from condemnation.
4. Water service will need to reconnected.
5. Ensure smoke detectors are installed and working.
ARV = $283k at $144/SF. See Comps Below
CASH PRICE = $135,000OBO
FIRST COME, FIRST SERVE!
PLEASE CALL FOR ACCESS (864) 756-8368
No need to send a contract, just email your offer amount to info@upstatewholesalehouses.com
If your offer is accepted, we will send you a contract with
the terms listed in the link below
https://drive.google.com/file/d/17234dq6vnuTAiMxsk8ZhO4rkM0GjjTbZ/view?usp=sharing
COMPS:
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ACTIVE LISTINGS AS OF 6-18-24:
There are only a few active listings in this area that are +/- 250SF of this property.
1. 122 Holly Dr, Spartanburg, SC 29301
Asking $284,900 – $149/SF – Nice with modern interior
2. 212 Briarcreek Dr, Spartanburg, SC 29301
Asking 279,900 – $131/SF – Dated Kitchen and Baths, carpet flooring
3. 348 Wofford St, Spartanburg, SC 29301
Asking $240k – $137/SF – Gutted down to the studs inside
Address: 162 Cornelius Rd, Spartanburg SC 29301
Parcel/Tax ID#: 6-21-10-040.00
Alternate Parcel ID#: 7102-86-1986.56
Building Type: Ranch
Year Built: 1962
Bedrooms: 3
Bathrooms: 2
Buildings Size: 1962 ft²
Parcel/Tax ID#: 6-21-10-040.00
Alternate Parcel ID#: 7102-86-1986.56
Building Type: Ranch
Year Built: 1962
Bedrooms: 3
Bathrooms: 2
Buildings Size: 1962 ft²
Lot: 0.45 acre
County: Spartanburg County
County: Spartanburg County
CRS PROPERTY REPORT:
https://drive.google.com/file/d/1XdKbkVfmK55MXtI00vHyigdSSYUR3Yst/view?usp=sharing
https://drive.google.com/file/d/1XdKbkVfmK55MXtI00vHyigdSSYUR3Yst/view?usp=sharing
DETAILS:
- Single Family Residential Home measuring a total of 1962 ft² on 0.45 acre.
- Built in 1962, it is located in the heart of Spartanburg County.
- Electric & Plumbing: Needs new plumbing, electrical is fine. No running water since 2022.
- Exterior: Brick home, looks good.
- HVAC: About 5 years, Trane XR13, model 2TTR3036A1000AA,serial 7163LWG5F
- Roof: Roof looks good, per owner the roof is less than 10 years old. No known issues. No leaks to our knowledge.
- Windows: Has a total of 14 wooden windows in fair condition, might be the original windows. There are a few two broken windows.
- 3 Bedrooms (dimensions: 12×14, 11×15, and 11×1) All 3 bedrooms need painting and the floor need work (refinishing or replaced). There is a broken window in one of the bedrooms. The 11′ x 12′ room has what looks to be poison ivy growing through the window, the 12′ x 14′ was the cleanest bedroom.
- BATHROOMS (4X11, 8X5): Both bathrooms need a full rehab, there is a big hole in each bathroom floor, the ceilings need repair and paint. Need new fixtures. Both bathrooms are not functional at this time. Mold problem.
- Kitchen (13 x 11): The kitchen needs to be updated, has wallpaper. Needs new flooring, there is a hole in the floor. The walls need to be painted. The countertop needs to be replaced (light blue color). The cabinets need to be replaced or refinished. There is one window in the kitchen. Fixtures need to be replaced. No appliances.
- Living Room (13×14): In fair condition, there are two windows also in fair condition. The floor needs to be refinished or replaced. The walls and ceiling need to be painted. There is a brick fireplace in average condition.
- Foyer/Hallway entrance: The walls and ceiling need to be painted.
- Hallway between bedrooms: The walls and ceiling need to be painted.
- Unfinished basement: water problems due to heavy rain coming through the outside entrance door and mold.
- Floors in the home either need to be replaced or refinished and the floors in parts of the home that have a hole need repair.
- Facia needs repair at the rear of the home.
CASH PRICE = $135,000 OBO
PLEASE CALL FOR ACCESS (864) 756-8368
No need to send a contract, just email your offer amount to info@upstatewholesalehouses.com
If your offer is accepted, we will send you a contract with
the terms listed in the link below
https://drive.google.com/file/d/17234dq6vnuTAiMxsk8ZhO4rkM0GjjTbZ/view?usp=sharing
**Please consider these terms when determining your offer amount**
- Must provide documentation of Proof of Funds showing the purchase price amount available in your bank account or line of credit.
- The Proof of Funds must be in the form of a Bank Statement or Line of Credit Statement.
- Bank letters or letters from lenders will NOT be accepted.
- Screenshots from cell phones will NOT be accepted.
- No Financing Contingency; this means No Hard Money Loans, or any type of loan
that requires an appraisal.
***Please do not re-market any of our deals without the permission of Upstate Wholesale Houses. We will not do any Joint Venture deals without a JV agreement in place in advance of any re-marketing of the property.
****CONTRACTUAL INTEREST BEING SOLD: What is being offered for sale is a contractual interest to purchase a property, not the property itself. Broker or its affiliates are not the owner or the listing agent of the property.
Thanks for looking,
Upstate Wholesale Houses Staff
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