Fully rented as of December 2013.12 unit apartment complex consisting of two buildings. There are 7 1BR/1BA units and 5 2BR/1BA units. Rooms rent for as low as $385 per month and as high as $450. Projected gross monthly income - $4,845. All brick, central air, paved parking, wooded lots on each side. 10% CAP (including 10% vacancy and 10% management fees!!!) Good traffic to Wal-Mart makes these units easy to rent. Total electric with separate meters.
Downtown all Brick Quadraplex near the Kroc Center and Falls Park. These units are 2 bedroom 1 bath each unit and have hardwood floors upstairs. The building needs complete renovation but could be either leased or sold off as downtown Swamp Rabbit townhomes since the building is near the Swamp Rabbit Trail. Each unit should lease for $850 per unit once renovated or each two bedroom unit may bring as much as $139,900 as a downtown townhome. Price on a straight out sell would be $149,000 for the Quadraplex Cost to renovate maybe $100,000 Even if the four town homes only sold for $120,000 a unit that is $480,000 for the four units. $149,000 for the cost of Real Estate plus $100,000 in renovation cost that is $249,000 Or lease the units and collect $895.00 per each unit per month for $3,580 per month in possible income.
Package of nice four rental houses across from Walgreens at Cherrydale. These rental houses rent for around $700 per month each and have been kept on the corner to produce income until this corner site is redeveloped. High traffic count and right next to Poinsett Hwy and East Blueridge Drive intersection with Walgreens and Bank of America a stones throw away.
Seven (7) income producing properties all close to Downtown Greenville. Owner will sell all properties together or individually. All properties are currently leased. All either brick or vinyl siding.
248,012 SFPrice Upon Req.
EFFICIENCY GAINS VIA PORTFOLIO ACQUISITION Hampton Forest and Reserve at Cavalier are offered either as a portfolio or on an individual basis, allowing the future owner to achieve efficiency gains through economies of scale. PROVEN VALUE-ADD POTENTIAL Both Hampton Forest and the Reserve at Cavalier offer proven value-add potential. Hampton Forest has upgraded approximately 65 units to three separate finish levels commanding premiums from $81 to $128. The full upgrade package includes new maple cabinets, brushed nickel hardware, vinyl tile flooring, faux granite countertops and black appliances. The Reserve at Cavalier has fully upgraded 38 units that are achieving $90 premiums.
16 Unit Weekly apartment complex and community center with additional development lots. Selling price at current income is an attractive 14.37% CAP rate. This property is in the path of development, revitalization, and is near the highly traveled Swamp Rabbit Trail. NOI: $ 61,700
Two buildings with a total of 8 one bedroom apartments Approximately 510- SF per apartment Greenville County Tax Map #02790001006 .458- Acres, zoned C-1 Brick and frame construction New roof in 2013; new windows in each apartment Newly painted - 2013 Sealcoated Parking Lot - 2013