348 Woodcrest Ln

• Workforce Housing | Existing Structure Sole Buyer Due Diligence
• Zoned RD
• Strategic location in Gaston area
• Versatile potential uses
• Well-maintained structure
• Maximize Income Generation or use personally

Property Description

Investment Highlights Low entry basis with multiple repositioning paths. The property is offered at $40,250 for a 19,757-square-foot parcel with an existing 654-square-foot structure, creating a low-dollar acquisition for buyers pursuing redevelopment, workforce housing, rental hold, or personal use. At this price point, value creation is driven more by execution and land use strategy than by in-place income. RD zoning supports the workforce housing thesis. The site is marketed with RD zoning and positioned for either use of the existing structure or new workforce housing development. That combination provides buyers with a defined use case while preserving flexibility to evaluate alternative residential outcomes through local entitlement review. Existing improvements can accelerate a use or lease-up decision. Unlike a purely vacant lot, the parcel includes one building with a reported 1993 construction date and a 654-square-foot footprint. For investors, that may shorten the timeline to occupancy or provide a starting point for renovation analysis rather than requiring a ground-up strategy from day one. Seller financing can improve acquisition structure. The offering states the seller is open to discussing half-down financing of the balance. For private investors and smaller operators, that can reduce initial cash outlay, improve leverage flexibility, and make the deal more executable despite the property’s title and occupancy diligence requirements. Residential demand indicators support attainable-housing positioning. Within one mile, the property serves 1,223 residents across 464 households, with an average household income of $64,095 and an average home value of $99,588. Those figures align with the offering’s workforce housing angle by indicating a modest-income, owner-occupant-oriented local market. Strategic Gaston location provides regional accessibility. The marketing package emphasizes access to major transportation routes, essential services, and area amenities, with regional draws such as Congaree National Park contributing to local visibility. For a small residential or infill housing play, accessibility matters because it supports both end-user appeal and leasing potential. Title and possession complexity may create a basis discount. The seller notes the property was acquired at a tax sale, no quiet title action has been performed, conveyance will be by quitclaim deed, and the existing structure may be subject to tenant rights. These factors increase diligence requirements, but they also help explain the low basis and may appeal to buyers comfortable underwriting legal and operational cleanup. Clear as-is structure favors experienced, decisive buyers. The offering places responsibility for zoning, title, neighborhood standards, site condition, and any tenant-related matters squarely on the buyer, with the property sold as is, where is. For investors who can diligence quickly and resolve edge-case issues efficiently, that clarity can streamline negotiation and create an opportunity to capitalize on complexity others avoid. This property presents a prime investment opportunity in the thriving Gaston area. Zoned RD, it offers a versatile range of potential uses for prospective Land/Workforce Housing investors. A structure is on site, potentially subject to tenant rights, and is a SOLE Buyer Due Diligence Item. Its strategic location within the Gaston area offers convenience and accessibility for both clients and employees. With its established features and favorable zoning, this property stands ready to support a wide range of investment possibilities for discerning investors seeking a promising venture in the dynamic Gaston real estate market. $40,250 Sales Price | Possible Owner Financing. Commission Structure is a $5,250.00 Fee Split Between the Listing and selling brokerage if a selling brokerage is involved solely for the offering. Property transfers at closing or seller financing payoff. Property "AS IS, WHERE IS". All potential uses are subject to Buyer Due Diligence with Lexington County Planning and Zoning. Discuss a possible half-down and Seller Financing of the balance. Solely Buyer Due Diligence Responsibility. Purchased at a tax sale. Research neighborhood development standards solely via buyer due diligence. No suit to quiet title performed or to be performed by Seller. Closing costs are the buyer's costs other than the basics. The seller will execute the Quitclaim Deed(s) at his cost, and the Attorney will focus on the other costs, all of which will be on the Buyer's nickel. SOLELY BUYER DUE DILIGENCE VERIFICATION WITH NEIGHBORHOOD CODES, IF ANY. ANYTHING ELSE ALSO.