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8036846000
Dickson & Associates Realtors
209 - 237 Rickenbacker Street, Lancaster, SC 29720
- $850,000
- 2
- BD
- 6,560
- SqFt
Listing courtesy of Keller Williams Connected. 803-323-7226
- List Price
- $850,000
- MLS#
- 4436937
- Status
- ACTIVE
- Days on Market
- 0
- Property Type
- Residential Income
- Year Built
- 1950
- Bedrooms
- 2
- Full Baths
- 1
- Lot Size
- 38,332
- Lot Size Area
- 0.88
- Living Area
- 6,560
- Sq Ft Total
- 6560
- County
- Lancaster
- Subdivision
- none
- Special Conditions
- None
Property 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.
Additional Information
- Equipment
- None
- Foundation
- Crawl Space
- Laundry Location
- Electric Dryer Hookup, Washer Hookup
- Heating
- Baseboard
- Water
- City
- Sewer
- Public Sewer
- Exterior Construction
- Block
- Parking
- Driveway, On Street
- Driveway
- Concrete, Paved
- Elementary School
- Brooklyn Springs
- Middle School
- A.R. Rucker
- High School
- Lancaster
- Total Property HLA
- 6560
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