Property
Beds
8
Full Baths
8
1/2 Baths
None
Year Built
1950
Sq.Footage
6,720
Exceptional investment opportunity featuring an eight-home single-family rental portfolio in Lancaster, SC. All properties are adjacent to one another on the same street and consist of 2-bedroom, 1-bath residences, offering efficient management and maintenance advantages. The surrounding neighborhood is experiencing continued growth, with several new construction homes nearby and increasing rental rates supporting long-term appreciation potential. The portfolio currently generates approximately $7,000 in gross monthly rental income and is 100% occupied, with several tenants having resided in the properties for 10 to 20+ years, providing stable occupancy history. Annual expenses include approximately $2,188 in insurance premiums and $8,349 in property taxes across all properties. The offering also includes a 20' x 20' storage warehouse located behind 237 Rickenbacker Street, with most contents conveying at closing, as well as the vacant lot situated between the corner and 237 Rickenbacker Street, providing additional value and future potential. Conveniently located within a five-minute walk of the city pool and Wylie Street Park, the properties benefit from nearby recreational amenities. Seller will be present for all showings. Please DO NOT DISTURB TENANTS. Please DO NOT COMMUNICATE WITH THE TENANTS UNDER ANY CIRCUMSTANCES. Seller is a licensed real estate agent.
Features & Amenities
Interior
-
Total Bedrooms
8
-
Bathrooms
8
-
Above Grade Finished Area
6720.0
-
Basement YN
NO
-
Cooling YN
YES
-
Cooling
Window Unit(s)
-
Heating YN
YES
-
Heating
Baseboard
-
Pet friendly
Yes
Exterior
-
Garage
No
-
Construction Materials
Block
-
Parking
Driveway, On Street
-
Pool
No
Area & Lot
-
Property Type
Residential Income
Price
-
Sales Price
$985,000
-
Sq. Footage
6,720
-
Price/SqFt
$146
HOA
-
Association
No
School District
-
Elementary School
Brooklyn Springs
-
Middle School
A.R. Rucker
-
High School
Lancaster
Property Features
-
New Construction
NO
-
Senior Community YN
NO
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
Lancaster
Elementary School
Brooklyn Springs
Middle School
A.R. Rucker
High School
Lancaster
Listing Courtesy of Stacy Johnson , Premier South
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Agent
Mitch Totherow
Call Mitch today to schedule a private showing.
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