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21 Unit Apt Bldg + 6 Houses for Sale-
Financials
Asking: $650,000
Price per square foot: $46.43
Income Property Gross Income: $98,220
Income Property Net Operating Income: $80,066
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Summary Description
21 Unit Apt Bldg + 6 Houses for Sale in Bennettsville, SC for $650,000. This 6.59 acre parcel of investment property is well maintained. It is part of a larger parcel, that would be resurveyed. Excellent opportunity for income. It includes 4 apartment bldgs, Oakwood Village Apartments, consisting of 21 apartments and 6 houses. Square Footage ranges from 650- 924 sq ft. 25 out of 27 units are rented. Addresses are 1583-1617 Hickory Grove Rd. Please do not disturb the tenants. The rents range from $300/mo to $350/mo. 2-3 bdrm. All new leases are 1 year, and then they go month to month. Only 1 government subsidized rent. Age of buildings are 1986 to early 2000. 5 out of 6 Houses are brick. 3 Apartment Bldgs are brick and the 2 story is brick with masonite on 2nd story. Approximately yearly revenues are $ 98,220. Yearly Expenses are approximately $18,154. Those expenses include taxes, insurance, water, outside lighting, waste management, repairs, maintenance, and lawn care. New owner could do some of their own maintenance and add to their bottom line. Currently owner manages, so there are no property management expenses included. Nice quiet country setting. Located in Marlboro County, SC. Exactly 80 miles from SE I-485 in Charlotte, NC. Take Hwy 74 to Hwy 52 to Hwy 38 crossing into SC. Just 3 miles off of Hwy 9. Proposed New 73 Corridor along Hwy 38 in the future, leading from Detroit, MI, to Myrtle Beach, SC. Low taxes in Marlboro County. |
$650,000
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