650 Hampton Street

Description

Investment opportunity with VA Assumable Loan at 4.25% in the heart of Elloree! Originally purchased and configured as a 3-unit property, property offers a unique opportunity for investors, owner-occupants, or buyers seeking a multi-generational property with income-producing potential. The current owners reconfigured the first floor into one spacious residence while leaving key components of the original multi-unit setup in place, including the separate electrical meters, allowing a future owner the opportunity to explore converting the property back to its previous 3-unit configuration. The upper level remains a separate 2-bedroom apartment, providing immediate flexibility for rental income, extended family, guests, or an owner-occupied investment strategy.For investors, the possibilities are especially appealing: maintain the current configuration and live in one portion while renting the other, utilize the property for multi-generational living, or explore restoring the original three-unit layout to maximize rental potential. With its historic 1900 character and nearly one acre of land, there is also ample space for tenant parking, boats, RVs, trailers, and additional recreational equipment. The location adds even more appeal. Situated next door to a Bed & Breakfast and within walking distance of historic downtown Elloree, tenants or occupants can enjoy nearby shopping, restaurants, community events, and Joe Miller Park with walking trails, a dog park, tennis courts, and pickleball courts. Lake Marion access is also nearby, with a public boat landing approximately 6 miles away. Whether you're looking for an income-producing property, house-hack opportunity, multi-generational setup, or a property with the potential to return to three separate units, 650 Hampton Street offers versatility that's hard to find at this price point.