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.
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 East Blueridge & Perry Rd corner to produce income until this corner site is redeveloped. Site could be any where from 1.20 acres to a possible 2.18 acre site with other parcels that may can be purchased. High traffic count and right next to Poinsett Hwy and East Blueridge Drive intersection with Walgreens and Bank of America a stones throw away.
Property Type: Commercial / Mixed Use building in CBD. Size: +/- 0.143 AC 3,000-12,000 sq.ft. available for sale or lease. This would make a great restaurant location! Area Features: Falls Park, Reedy River, Rick Ervin' s Grill, Smoke on the Water, American Grocery, Clemson University, Greenville Senior High, CBD, Liberty Bridge, Peace Center, Greenville Drive Baseball Stadium, Swamp Rabbit Trail, Right in the middle of all the Downtown Action and Events! Zoning: C4 - City of Greenville Taxes: $5,069.45* * Year 2014 Utilities: Greenville Water, REWA, Duke Power, Piedmont Natural Gas In Historic Downtown Greenville! This building qualifies for Historic Tax Credits.
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