Property Details

2516 broadway loake

Price$ 524,000
1BR Units
2BR Units
3BR Units
Sq Ft
Lot Size9.8
Area105-Anderson County,SC
Approx Age
DescriptionGreat investment opportunity in Anderson county near Broadway Lake. This property is a true 14% cap rate and still has potential for more revenue with additional housing or farm use. Three plots of land that are connected to combine for 9.8 acres with 14 available rentals including houses, mobile homes, and farm land. Owner currently occupies part of property but if total property was converted to rental projected revenue would be $6657 per month. In addition, current farm land could be converted to hold more housing and increase revenue. Great opportunity to live on farm and have tenants pay for your property or as a complete investment. ---------------------------------------------------------------------------------------------------- General rent roll for property: lot 102 - $200 a month rent lot only lot 104 - $600 a month lot 106 - $600 a month lot 108 - $154 a month rent lot only lot 114 - $615 a month lot 116 - $528 a month lot 200 - $575 a month Field B - $210 a month two horses and barn Field A - $300 currently not rented and used by owner but it larger and has two barns 2516 A - $475 a month 2516 B - $600 a month 2516 C- $600 currently owner occupied 2516 D- $600 currently owner occupied 2516 E - $600 currently owner occupied -------------------------------------------------------------------------------------------------- This property has zero deferred maintenance and is in pristine condition. New owner would be purchasing a turn key investment.
Unit 1 : Bedroom(s), Full Bath(s), Half Bath(s), Square Feet
Unit 2 : Bedroom(s), Full Bath(s), Half Bath(s), Square Feet
Unit 3 : Bedroom(s), Full Bath(s), Half Bath(s), Square Feet
Unit 4 : Bedroom(s), Full Bath(s), Half Bath(s), Square Feet
Exterior Finish :
Heating :
Cooling :
Parking Per Unit :
Foundation :
Roof :
Water :
Sewer :
Water Heater :
Unit 1 Features :
Unit 2 Features :
Unit 3 Features :
Unit 4 Features :
Elementary School :
Middle School :
High School :

Listing courtesy of Pack, John - Magnolia Rental Property Management

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