INVESTOR SPECIAL! RARE 4-UNIT! Seller is a former real estate agent, who is not seeking representation. Gross $52,800 Expenses (water, lawn, r&m, cleaning between tenants) $5,000 Net $47,800 Cap rate 10% (if owner managed) 7.79% if managed by management company. This area is getting incredibly popular! Recent comp sold for $435,000 18 months previous with lower rent roll. Rents have increased from $650-$800 three years ago to $950-$1,200+! Rent increases show no signs of slowing. Apartments recieve multiple inquiries within 24-hours and usually rent within 48-hours. Zero vacancies for 3 years. Unit A - $950 7 year resident Unit B - $1,100 12 months remaining Unit C - $1,100 13 months remaining D - $1,250 (owner occupied, but willing to rent month-to-month upon sale). Being sold as is, where is with no improvements. Proof of funds needed with genuine offers. Seller is a former real estate agent, who is not seeking representation. Buyer's agent commission will be offered.
Off market
$1,210,600
282 Fleming Rd APT B, Charleston, SC 29412
8beds
4,400sqft
Condo
Built in 1984
-- sqft lot
$1,210,600 Zestimate®
$275/sqft
$5,527 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 8
- Full bathrooms: 4
- 1/2 bathrooms: 4
Heating
- Forced air, Electric
Cooling
- Central
Appliances
- Included: Dishwasher, Range / Oven, Refrigerator
- Laundry: Hookups
Features
- Flooring: Tile, Carpet, Laminate, Linoleum / Vinyl
- Basement: None
- Has fireplace: No
Interior area
- Total interior livable area: 4,400 sqft
Property
Parking
- Parking features: Off-street
Features
- Exterior features: Brick
- Has view: Yes
- View description: City
Lot
- Size: 9,583 sqft
Construction
Type & style
- Home type: Condo
Materials
- Roof: Shake / Shingle
Condition
- Year built: 1984
Community & neighborhood
Location
- Region: Charleston
Other
Other facts
- Balcony
- Cats Allowed
- Cooling System: Air Conditioning
- Garbage included in rent
- Large Dogs Allowed
- Laundry: Hookups
- Laundry: In Unit
- Sewage included in rent
- Small Dogs Allowed
- Washer/Dryer Hookups
- Water included in rent
Services availability
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,210,600
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,210,600