Commercial Wholesale Deal: 16 Unit Motel converted into Apartments & Separate Community Center Sold

  • $490,000 OBO
Sold
Alden Simpson’s Wholesale Deal
2 Properties Available 2 miles from Downtown Greenville near the popular Hampton Station. 
Hampton Station houses: Birds Fly South Brewery, Lion’s Roar Crossfit, White Duck Taco Shop, and many more businesses. 

More details here: https://www.hamptonstation.com/

Property #1:  Converted Motel at 1207 Hampton Ave Ext, Greenville, SC 29601

  • 16 Unit Motel converted into efficiency apartments
  • 12 Units are rent-ready with 90% occupancy.
  • Units rent for an average of $200 per week.  Currently, monthly rent income is approximately $8000
  • Tenants stay long-term.  Some have been there 4+ years. 
  • 4 units are gutted and need renovation
  • Includes community laundry room with 2 washer/dryer
  • Roofs on all Motel Buildings appear less than 5 years old
  • Includes 2 empty lots behind the motel at 7 & 14 Bartons Aly that are zoned for more motel buildings.  Total combined size of lots is 0.3 acre
Potential gross annual rental income with all 16 units rented:  $150,000
Price below for 16-Unit Motel and 2 Lots on Bartons Aly
PRICE = $490,000 OBO
Property #2:  2300sf Community Center at 1207 Hampton Ave Ext, Greenville, SC 29601
  • Rents for $1000-1300 per night for events per owner
  • 30ft X 50ft open room with raised stage and DJ area
  • 2 bathrooms with showers
  • kitchen area and utility/storage area.
  • Has brand new large deck for outside entertaining – see pics
  • Metal roof in good shape
  • Includes 0.22 acre lot next door at corner of Hampton Ave Ext and E Bramlett Rd
Price Below for Community Center and Lot next door
PRICE =  $200,000 OBO
PLEASE DO NOT DISTURB TENANTS
CALL FOR ACCESS  (864) 438-3448
TAX MAP NUMBERS AND PROPERTY REPORTS: 
  • Motel – TMS 0139.00-07-012.00
  • 7 Bartons Aly Lot behind Motel – TMS 0139.00-07-014.00
  • 14 Bartons Aly Lot behnd Motel – TMS 0139.00-07-013.00
  • Community center – TMS 0139.00-07-008.00
  • Lot next to Community center – TMS 0139.00-07-009.00
  • ALL CRS PROPERTY REPORTS: https://drive.google.com/open?id=1z3R21xR1no15SBgJsLpWA7uakWThIfV2
CALL FOR ACCESS  (864) 438-3448
***Please do not re-market any of our deals without the permission of Upstate Wholesale Houses.  We will not do any Joint Venture deals without a JV agreement in place in advance of any re-marketing of the property.
Thanks for looking,
Alden Simpson
Price:
$490,000 OBO
Address:
1207 Hampton Ave Ext,
Greenville, SC 29601
Terms:
For Sale
Property Type:
Commercial

Call (864) 438-3448 for more details

Property Location