Loading...

Apartment Complex For Sale in Summerville, SC

549 views

Loading...

Loading...

Loading...

Rating is available when the video has been rented.
This feature is not available right now. Please try again later.
Published on Jan 20, 2011

520 Rose Lane, Summerville, SC 29483: Rose Lane is located one block from the major thoroughfare, Trolley Road in Summerville, South Carolina. Trolley Rd is a high growth retail/office/subdivision corridor and provides easy access to other high traffic arteries. Adjacent to this 16-unit (individually tax deeded townhouses) community is a childcare center, a residential neighborhood and separated by a wooden fence, and a brand new auto center. Gas station mart, brand new restaurant, laundromat, public library and anchored shopping center are all within walking distance.

The property consists of 3 buildings, two-stories each and contains 16 townhouses, each with 2 bedrooms and 1 bath. The buildings are masonry, brick veneer on concrete slabs. Built in 1973, total square footage is 15,148. Floor plans are all similar with bedrooms and bath on 2nd floor, and a kitchen and living room on 1st floor, with a square footage of 928. Each kitchen has a stove and fridge, bathtubs are tile enclosures. Units are heated/cooled by heat pumps.

Gross Operating Income: $107,520
Less 10% Vacancy: $10,752
Effective GOI: $96,768
Less Operating Exps: $42,180
Net Operating Income: $54,588

Priced at $449,000; Cap Rate of 10+%

Contact Jonathan Lee, Commercial & Investment Real Estate Broker, 843-991-4848 or send a request for Marketing Brochure to: JonathanLee@ChoiceRealtyUSA.com

Thank you for viewing! Please give it a "Like"

Loading...

When autoplay is enabled, a suggested video will automatically play next.

Up next


to add this to Watch Later

Add to

Loading playlists...