Multi-Family Deal – Greenville, South Carolina Sold

  • $79,000
  • 4 beds
  • 2 baths
  • 1656 sqft
Sold
Investment Property Greenville SC
Alden Simpson’s Wholesale Deal:
1 Duplex – 2 Units in GREENVILLE, SC:
PLEASE CALL (864) 438-3448 FOR INSPECTION PERIOD
DUPLEX IS OCCUPIED – DO NOT DISURB TENANTS.  
Offers due Monday 8-6-18 at 11:59pm
PROPERTY DETAILS:
1 June Lane, Greenville, SC  29605
2 Units – 2BR/1BA per unit – Each Unit approx. 828 sq. ft.
Approx. 1656 total sq. ft. –  .31 Acre Lot
Cash Price: 79,000 OBO
Address:  1 June Lane  Greenville, SC  29605
TMS #:  0382.00-04-00.00
Size:1656 Total SqFt
Each Unit Size:  828 SqFt
Each Unit:  2 BR / 1 BA
Lot Size: .31 acres
CALL FOR ACCESS (864) 438-3448
$79,000 OBO – CASH ONLY 
Rent = $750/mo per unit
Potential Annual Profit = $10,800     
*assuming 40% of the rent collected each year goes toward paying expenses
CAP RATE (annual ROI) = ALDENFIX% depending on your cost of repairs.
This duplex needs some work, but it could easily produce $1500 per month in rent after some TLC.  Rentometer.com rent estimate is $750 per month per unit.  Currently, both units are occupied.  Duplex is brick and sits on a corner lot for easy access.
Duplex is 1656 Sq.Ft. and has 2 units of 828 Sq.Ft. each.  Each unit is identical in layout.
Living Area – 14′ x 13′
Kitchen – 12′ x 10′
2 Bedrooms – 12′ x 14′ and 10′ x 12′
Bathroom – 6′ x 4′
:
DETAILS:  RIGHT SIDE
  • Small roof leak in 2nd bedroom – See pic 080.jpg
  • No known issues with plumbing and electrical
  • Window units for A/C and Propane heat.
  • Propane Furnace 4 years old per owner
  • Original Windows
  • Hardwood floors in good shape
  • Interior paint needed
  • Bedroom ceiling needs repaired
  • Bathroom may need an update
  • Kitchen cabinets look good
  • Kitchen floor is linoleum
  • Cracks in drywall in kitchen – needs painted
  • fireplace in living area
DETAILS:  LEFT SIDE
  • Fascia needs repaired
  • No known issues with plumbing and electrical
    Window units for A/C and has central heat.  Not sure if it is gas or electric.  Owner says tenant doesn’t use the central heat
  • Original Windows
  • Hardwood floors need refinished
  • Interior paint needed
  • Bathroom needs rehab
  • Kitchen cabinets look good
  • Kitchen floor is linoleum
  • Cracks in ceiling in kitchen – needs painted
  • Non working fireplace in living area
  • Hardwood floors in living area need refinishing
DETAILS GENERAL
  • Steps are slanted and need to be fixed
  • Needs new awnings
  • Each side has 2 window A/C units

    PLEASE CALL (864) 438-3448 FOR INSPECTION PERIOD
    DUPLEX IS OCCUPIED – DO NOT DISURB TENANTS. 
    Offers due Monday 8-6-18 at 11:59pm
Price:
$79,000
Address:
1 June Lane
Greenville, South Carolina 29605
Square Feet:
1656
Lot Size:
0.31
Bedrooms:
4
Bathrooms:
2
Terms:
For Sale
Property Type:
Duplex

Call (864) 438-3448 for more details

Property Location