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$1,100,000
Est. payment /mo
19 Beds
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Apt. 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 321881
Bedrooms 19
Construction Status 31-50
Annual Tax Amount $9,802
Tax Year 2024
Property Sub-Type Apt. 5+
Property Description
Near 100 Full Occupancies! Near 100 Full Occupancies! Little if Any Deferred Maintenance. Low Maintenance Brick and Vinyl Exteriors Check Out the Cap Rate and Cash-on-Cash! After 21+/- years of profitable ownership, this landlord has decided to retire, presenting a rare opportunity for the new, small apartment owner. These 11 units are comprised of one HUGE 3 BR, 2 bath unit, six LARGE 2 BR, 2 bath units, & four BIG 1 BR, 1 bath units. The 3 BR unit is approximately 1200 square feet! The 2 BR units are approximately 1000 square feet, & 1 BR are approximately 800 square feet. Two buildings, both single story. Low maintenance, vinyl & masonry exterior. The building was built in 1982 on a 2`+/- acre lot. Per Owner, this site has been approved for up to 16 additional units! Located one-half block S.W. of Hwy 76, @ Hwy 72/221/76 bypass. Minutes to I-385 & I-26 at exit #54. The dimensions, rental fees, and prime location of these units have resulted in consistently full occupancy. Close to Presbyterian College, Piedmont Technical, Lander University, interstate Highways, & ample employment. Laurens County TMS 901-32-01-005 Some Seller financing may be available. Call for details. The existing rents are only $650 & up giving a great opportunity to improve returns by raising the rents. Clinton is the center of an urban cluster with a total population of 7,633 and 3141 households (2020 census) and is part of the Greenville-Spartanburg-Anderson Metropolitan Statistical Area. It incorporated as a town in 1852. Clinton is also home of Presbyterian College and Thornwell School and Home for Boys and Girls. Clinton is also noted for its very small-town feel. The city is concentrated around the intersection of U.S. Route 76 and South Carolina Highway 72, south of Spartanburg and northwest of Columbia. Interstate 26 passes through the eastern portions of Clinton, and intersects Interstate 385 in the city's northern outskirts. The Clinton Commercial Historic District, Duncan's Creek Presbyterian Church, and Thornwell-Presbyterian College Historic District are listed on the National Register of Historic Places.
Location
State SC
County Laurens, Sc
Area Laurens County
Interior
Hot Water Electric
Cooling Central Forced
Exterior
Parking Features Two Spaces
Roof Type Architectural,Composition Shingle,Other/See Remarks
Building
Sewer Public Sewer
Water Public Water
Level or Stories One
Structure Type Vinyl Siding
Construction Status 31-50
Schools
Elementary Schools Other
Middle Schools Other
High Schools Other
School District 8 (Outside Co)
Others
Financing Other/See Remarks,Owner May Finance,Possible Exchange
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Listed by CLYDE REALTY LLC
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