23 Abbeville St - Multi-Family FOR SALE


Due West, SC 29639
$925,000 USD
864-554-3807
23 Abbeville St, Due West, SC for Sale
$925,000 USD
Multi-Family - FOR SALE
1/13
null | 6.97% Cap Rate

23 Abbeville St
Due West, SC 29639


OVERVIEW

Check out this multi-unit property in the college town of Due West SC, right next to the campus of Erskine College! This property totals 7 rental doors of varying sizes --- at the front of the property there is a 3 bed 2 bath home with long term tenants. Underneath, the basement has been converted into two more rental units. The second structure on the property has 4 more rental units and a dedicated laundry building behind it. There are two large parking lots on the property with more than enough spaces. The seller reports 100% occupancy rates as the college is a reliable source of tenants. The condition of the property is very good with some of the units having been recently remodeled. The value-add for this property is its proximity to an established college campus. The value-add is the potential to place more student tenants and generate much more income.

FOR SALE DETAILS

PRICE

$925,000 USD

PRICE/SF

$141 USD /SF

# OF UNITS

7

PRICE/UNIT

$132,143

CAP RATE

6.97%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Erskine College Multi-Unit Opportunity

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

042-04-01-019

ASK ABOUT THIS PROPERTY

J.R. McCravyRE/MAX Action RealtyMore Info
864-554-3807

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J.R. McCravyRE/MAX Action RealtyMore Info
864-554-3807

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.