Excellent opportunity to invest in an established eight-home single-family rental portfolio in Lancaster, SC! Conveniently situated along the same street, these neighboring properties each feature 2 bedrooms and 1 bathroom, offering a streamlined approach to property management and maintenance. The portfolio is currently 100% occupied, generating approximately $7,000 in gross monthly rental income, with several long-term tenants who have called these properties home for 10 to 20+ years. Annual expenses are approximately $2,188 for insurance and $8,349 for property taxes across the portfolio. Adding to the appeal is a 20' x 20' storage warehouse located behind 237 Rickenbacker Street, with most contents conveying at closing, along with a vacant lot between the corner and 237 Rickenbacker Street. The surrounding area features nearby new construction and is conveniently located within walking distance of the city pool and Wylie Street Park. Whether you're looking to expand an existing rental portfolio or invest in multiple income-producing properties in one location, this offering presents a unique opportunity! Seller will be present for all showings. DO NOT DISTURB OR COMMUNICATE WITH TENANTS UNDER ANY CIRCUMSTANCES.
| MLS # | 4436937 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1950 |
| Days On Site | 13 |
| Listing Provided By | Keller Williams Connected | Eddie Donley |
| Bed(s) | 2 |
|---|---|
| Bath(s) | 1 Total |
| SQ Feet | 6,560 |
| Story(s) | 1 |
| Units | 8 |
| Acreage | 0.88 |
| Cooling | Window Unit(s) |
|---|---|
| Heating | Baseboard |
| Appliances | None |
| Construction Materials | Block |
|---|---|
| Foundation Details | Crawl Space |
| Garage Yes / No | No |
|---|---|
| Parking Features | Driveway, On Street |
| List Aor | Canopy Realtor Association |
|---|
| Property | 49600 |
|---|
| State | SC |
|---|---|
| County | Lancaster |
| City | Lancaster |
| Zip Code | 29720 |
| Area | Lancaster |
| School District | Lancaster |
| Elementary School | Brooklyn Springs |
| High School | Lancaster |
| Listing VS Median (in 29720) | |
Price: $850,000 low | high Med: $355,000 sqft: 6,560 low | high Med: 2,105 $ / sqft: $130 low | high Med: $169 On site: 13 low | high Med: 19 | |
| State | SC |
|---|---|
| County | Lancaster |
| City | Lancaster |
| Zip Code | 29720 |
| Area | Lancaster |
| School District | Lancaster |
| Elementary School | Brooklyn Springs |
| High School | Lancaster |
| Listing VS Median (in 29720) | |
Price: $850,000 low | high Med: $355,000 sqft: 6,560 low | high Med: 2,105 $ / sqft: $130 low | high Med: $169 On site: 13 low | high Med: 19 | |