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
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
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′
CRS PROPERTY REPORT: https://drive.google.com/file/d/1gUfln2hQRbY2MisOJC8hqF2zle_o_PC9/view?usp=sharing
:
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 electricalWindow 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 PERIODDUPLEX IS OCCUPIED – DO NOT DISURB TENANTS.Offers due Monday 8-6-18 at 11:59pm