$900,000
$1,100,000
18.2%For more information regarding the value of a property, please contact us for a free consultation.
36 tax Ids White Oak Lane Greenwood, SC 29646
13,000 SqFt
Key Details
Sold Price $900,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 13,000 sqft
Price per Sqft $69
MLS Listing ID 1516444
Sold Date 03/08/24
HOA Y/N no
Year Built 1980
Annual Tax Amount $8,100
Lot Size 8.000 Acres
Lot Dimensions 47 total lots by zoning
Property Description
White Oak Lane in Greenwood is for Sale! This multifamily deal includes 36 total properties. There are 26 rented homes, six homes unrented to renovate, and four vacant lots to build homes, giving this investment a high-value add position. The average rent is 400/month, and the yearly gross is $128,100. The taxes are under 10k/year. This multifamily deal has a cap rate of 9.3%, and the price breaks down to $34,000/Unit. A small investment in each of the 27 units would allow a sizable rent increase commensurate with the investment.
Location
State SC
County Greenwood
Area Other
Interior
Heating Baseboard, None, Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Unit 1: Kitchen/Breakfast Room, Living/Great Room, Porch-Front, Laminate Flooring, Unit 2: Living/Great Room, Laminate Flooring, Unit 3: Family Room/Den, Laminate Flooring, Unit 4: Family Room/Den, Laminate Flooring
Fireplace No
Appliance Electric Water Heater
Exterior
Garage Off Street
Community Features None
Waterfront No
Roof Type Composition,Metal
Building
Story 1
Foundation Crawl Space, Basement
Sewer Public Sewer
Water Public
Schools
Elementary Schools Merrywood
Middle Schools Northside
High Schools Greenwood
Others
Acceptable Financing None
Listing Terms None
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Bought with Moses Realty Group, LLC