$850,000
 $4,434 est/mo Sourced by Back At You

209 - 237 Rickenbacker Street,Lancaster, SC 29720

Lancaster, SC 29720

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Description

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.

Details

MLS #4436937
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1950
Days On Site13
Listing Provided ByKeller Williams Connected | Eddie Donley

Features

Bed(s)2
Bath(s) 1 Total
SQ Feet6,560
Story(s)1
Units8
Acreage0.88

Interior

CoolingWindow Unit(s)
HeatingBaseboard
AppliancesNone

Exterior

Construction MaterialsBlock
Foundation DetailsCrawl Space

Parking

Garage Yes / NoNo
Parking FeaturesDriveway, On Street

Other

List AorCanopy Realtor Association

Taxes

Property49600

Area Information

StateSC
CountyLancaster
CityLancaster
Zip Code29720
AreaLancaster
School DistrictLancaster
Elementary SchoolBrooklyn Springs
High SchoolLancaster
Listing VS Median (in 29720)
Price:
$850,000
low | high
Med:
$355,000
100% of Average
sqft:
6,560
low | high
Med:
2,105
100% of Average
$ / sqft:
$130
low | high
Med:
$169
19.762344341776% of Average
On site:
13
low | high
Med:
19
68.421052631579% of Average
Sourced by Back At You

Market Activity 29720

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Additional Information


Showing Information


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 Listings courtesy of Canopy MLS as distributed by MLS GRID.

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Learn More About This Property

StateSC
CountyLancaster
CityLancaster
Zip Code29720
AreaLancaster
School DistrictLancaster
Elementary SchoolBrooklyn Springs
High SchoolLancaster
Listing VS Median (in 29720)
Price:
$850,000
low | high
Med:
$355,000
100% of Average
sqft:
6,560
low | high
Med:
2,105
100% of Average
$ / sqft:
$130
low | high
Med:
$169
19.762344341776% of Average
On site:
13
low | high
Med:
19
68.421052631579% of Average
Sourced by Back At You
Listing Updated: November 10, 2026 at 9:01:58 PM PST