2820 School House Road

    Columbia, SC 29204
    • $239,900
    • STATUS: Active
    • ON SITE: 73 days
    • MLS #: 447575
    UPDATED: 70 min ago
    $239,900
    • 0
      BEDS
    • 0.47
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    • 3,600
      SQFT
    • $67
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1970
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Listing courtesy of Century 21 Vanguard.

    Description

    Cap rate @ 11%. All Brick Quadplex with all units recently renovated on just under 1/2 acre lot!! . Turn key income property for investors. New HVAC's, Water Heaters, Appliances, Fixtures, flooring and paint. Located near Forest Acres , Benedict College and Allen University. Great investment in a high demand area! Cap rate based on a 30% expense proforma. Each unit is 2 beds 1 bath and are mirror images of each other. Annual gross rents to be $33,000. 2018 taxes: $3000 / Insurance: $1479 / Water/Sewer/Trash: $1800 / Maintenance: $960. NOI = $25,761 *2019 estimated taxes to be $5000 after point of sale reassessment (November 2019) (10% cap)

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    © 2018 Consolidated Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or EXIT Real Estate Consultants. Data last updated: 2018-07-21T23:40:23.62.
    www.exitrec.com/homes/83374470

    2820 School House Road Columbia, SC 29204

    • Price: $239,900
    • Status: Active
    • Updated: 70 min ago
    • MLS #: 447575
    0
    Beds
    4
    Baths
    0
    ½ Baths
    0.47
    Acres
    3,600
    SQFT
    $67
    $/SQFT
    1970
    Built
    Neighborhood:
    None
    County:
    Richland
    Area:
    Forest Acres, Arcadia Lakes
    Elementary School:
    Bradley
    Middle School:
    Alcorn
    High School:
    Johnson
    School District:
    Richland One
    Property Description
    Cap rate @ 11%. All Brick Quadplex with all units recently renovated on just under 1/2 acre lot!! . Turn key income property for investors. New HVAC's, Water Heaters, Appliances, Fixtures, flooring and paint. Located near Forest Acres , Benedict College and Allen University. Great investment in a high demand area! Cap rate based on a 30% expense proforma. Each unit is 2 beds 1 bath and are mirror images of each other. Annual gross rents to be $33,000. 2018 taxes: $3000 / Insurance: $1479 / Water/Sewer/Trash: $1800 / Maintenance: $960. NOI = $25,761 *2019 estimated taxes to be $5000 after point of sale reassessment (November 2019) (10% cap)
    Exterior Features

    Lot Size 20355 SQ FT Parking Off StreetUnassigned Road Type Paved

    Interior Features

    Cooling CentralHeat Pump 1st LvlHeat Pump 2nd Lvl Foundation Slab Heating CentralHeat Pump 1st LvlHeat Pump 2nd Lvl Unit1 Bedrooms 2 Unit1 Full Baths 1 Unit1 Half Baths 0 Unit1 Rooms 5 Unit2 Bedrooms 2 Unit2 Full Baths 1 Unit2 Half Baths 0 Unit2 Rooms 5 Unit3 Bedrooms 2 Unit3 Full Baths 1 Unit3 Rooms 5 Unit4 Bedrooms 2 Unit4 Full Baths 1 Unit4 Rooms 5

    Property Features

    Avail Financing CashConventional Cable Paid By Tenant Electric Paid By Tenant Foreclosed Property No Gas Paid By None Heating Paid By Owner Lawn Paid By Owner Multifamily Type Quadraplex Sewer Public Sewer Paid By Owner Trash Paid By Owner Unit1 Rent 700 Unit2 Rent 700 Unit3 Rent 700 Unit4 Rent 700 Water Public Water Paid By Owner



    © 2018 Consolidated Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or EXIT Real Estate Consultants. Data last updated: 2018-07-21T23:40:23.62.
     
    EXIT Real Estate Consultants
    5175 Sunset Blvd. Ste. 3
    Lexington SC, 29072
    Listing courtesy of Century 21 Vanguard.