3 Bedroom House For Sale By Owner in Florence, SC

Property Description

Historic Fixer-Upper in Downtown Florence, SC – 3BR/1BA, 1,500 sq ft – $90K FSBO This circa 1940s home in the heart of Florence's revitalizing downtown district offers a prime investment opportunity.
Located just blocks from top shops and restaurants, the area is undergoing significant redevelopment, including the addition of over 60 new apartments and cultural venues like the Florence Museum of Art, Science & History .
Property Highlights: Size & Layout: Approximately 1,500 sq ft, currently configured as a 3-bedroom, 1-bathroom home.
Renovation Potential: Opportunity to add a second bathroom, enclose the porch for additional living space, and potentially finish the expansive attic.
The large lot size may also allow for the installation of an auxiliary dwelling unit (ADU).
Condition: This property is a complete gut renovation, requiring updates to plumbing, roofing, wiring, HVAC, and all finishes.
Sold as-is, where-is.
Investment Opportunity: Comparable properties in the area suggest an after-repair value (ARV) between $240K and $260K, depending on the extent of renovations.
Pricing Options: $90,000: Close within 30 days.
$110,000: Close within 13 months.
This property is ideal for investors or those familiar with the BRRR (Buy, Rehab, Rent, Refinance) method, though note that the "Buy" phase is deferred until the end.
Seller Information: John Kent Spehl, a licensed Real Estate Broker in South Carolina, is the owner.
For more details or to schedule a viewing, please contact John Kent Spehl directly.

Details & Amenities

• Heating:

• Cooling:

• Auxiliary SQ FT: 100

Listing History

Property Location

413 Winston St, Florence, SC 29501, USA, City - Florence County