Wholesale Deal: 3 Apartments – Chester, SC For Sale

  • $55,000
  • 4 beds
  • 4 baths
  • 2892 sqft
Alden Simpson’s Wholesale Deal
116 Church St, Chester, SC 29706
Large house divided into 3 separate apartments
1 BR Market Rent:  approximately $450
2 BR Market Rent: approximately $550
Potential of $1450/mo rental income

OR

Convert back to Single Family Home and sell for $260-280k.  Comps selling for $90 to $95/sf.  See image of CRS Comps below

Tenant Occupied –  Please Do Not Disturb Tenants

CALL US FOR INSPECTION TIME

CALL FOR ACCESS  (864) 438-3448

ARV = $260-280k
 CASH PRICE =  $55,000 OBO
Address: 116 Church St. Chester, SC 29706
TMS # 201-05-20-002-000
Bedrooms:  4 Total
Bathrooms:  4 Total
Size: Approx.  2892 SqFt
Lot Size: .38 acres
Tenant Occupied –  Please Do Not Disturb Tenants
CALL FOR ACCESS  (864) 438-3448
CALL US FOR INSPECTION TIME
CASH PRICE $55,000 OBO
DETAILS:
  • Separate entrances for each apartment
  • Separate electric meters for each apartment
  • Attractive wrap around porch
  • Siding has a couple of damaged spots
  • Exterior needs to be scraped and painted
  • Graffiti on outside brick fireplace chimney
  • No known leaks in roof, but it’s old and may need to be replaced soon
  • Soffit and Fascia  needs repaired
  • No Gutters – One downspout at rear of house
  • Brick/Concrete at bottom of house is broken in places
  • Propane heat and window A/C Units
  • Mostly Original Windows with a few newer Vinyl windows.
  • All 3 kitchens functional with appliances
  • Pot fire on stove in apartment 3 damaged kitchen cabinets
  • Hardwood, Faux Hardwood floors, tile in most rooms
  • No known issues with plumbing
  • No known issues with electrical
APARTMENT B (On the Left – Unoccupied)
Has 1 BR 16′ x 13′, 2 Full Baths 7′ x 5′ and 7′ x 7′, Living Area 15′ x 15′, Kitchen 14′ x 10′ and Dining Room 10′ x 8′.
  • 1 Full bath may need to be updated – has claw foot tub with shower, ceramic tile (chipped on edges in some places
  • Interior needs to be painted
  • Very pretty arched doorways
  • Fire damage from pot on stove – at least 2 cabinets and wall behind/above stove damaged.
  • Washer/Dryer hook ups in kitchen (enough room for a stackable)
  • Tongue and Groove walls and ceiling in bedroom
  • En Suite 2nd bath off bedroom (already updated)
APARTMENT 2 (In the Middle – Occupied)
Has 2 BR 16′ x 12′ and 17′  16′, One 3/4 Bath 7′ x 6′, Living Area 17′ x 16′, Kitchen 15′ x 11′ and Storage Room off kitchen 9′ x 8′
  • High Ceilings
  • Very nice built in shelves with glass doors
  • Large window seat in living area
  • Hardwood floor needs to be refinished
  • Interior needs to be painted
  • Very pretty arched doorways
  • Functional kitchen decorated in Old Italian (mis matched walls and floors)
  • Bath may need to be updated.  Has shower, toilet and sink (no tub)
  • Tongue and Groove ceiling
  • Storage room off kitchen that houses water heater (2011)
APARTMENT 3 (On the Right – Occupied)
Has 1 BR 16′ x 17′, One 3/4 Bath 7′ x 7′, Living Area 17′ x 13′ and Kitchen 16′ x 17
  • High Ceilings – mostly tongue and groove
  • Large functional kitchen
  • Kitchen has cracks in tile
  • Interior needs to be painted
  • Bath is functional as is – large shower, toilet and pedestal sink
  • Needs repairs along baseboards
  • Hardwood floor needs to be refinished
Tenant Occupied –  Please Do Not Disturb Tenants
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:
$55,000
Address:
116 Church St,
Chester, South Carolina 29706
Square Feet:
2892
Lot Size:
0.38
Bedrooms:
4
Bathrooms:
4
Terms:
For Sale
Property Type:
Apartment

Call (864) 438-3448 for more details

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