Prime location in the path of Lexington development. 8% CAP RATE. Commercial upside located at the busy intersection of Hwy 1 and Peach Festival Road. Sale includes 3.19 acres consisting of 1 single family home with a large storage building, 2 double wide homes, 4 single wide homes. 247 feet of frontage on Hwy 1 and 125 feet Peach Festival. Potential gross income of $40,000 annually at current (below market) rental rates. Average tenant length is 6 years! Metered for 2 additional units. Owner lives in the SFR so gross is based on proforma rental income for that unit.
Off market
Zestimate®
$526,100
4415 Augusta Hwy, Gilbert, SC 29054
14beds
1,706sqft
MultiFamily
Built in 1950
-- sqft lot
$526,100 Zestimate®
$308/sqft
$1,550 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 14
- Bathrooms: 9
- Full bathrooms: 9
Heating
- Forced air
Cooling
- Central
Appliances
- Included: Trash compactor
Features
- Basement: Crawl Space
Interior area
- Total interior livable area: 1,706 sqft
Property
Parking
- Total spaces: 40
Features
- Exterior features: Vinyl, Brick
Lot
- Size: 3.19 Acres
Details
- Parcel number: 00510004056
Construction
Type & style
- Home type: MultiFamily
Condition
- Year built: 1950
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
Community & neighborhood
Location
- Region: Gilbert
HOA & financial
Other financial information
- Total actual rent: 3400
Other
Other facts
- WaterSource: Public
- Sewer: Septic Tank
- RoadSurfaceType: Paved
- HeatingYN: true
- CoolingYN: true
- NumberOfUnitsTotal: 7
- OwnerPays: Water, Trash
- Basement: Crawl Space
- ParkingFeatures: Unassigned
- Cooling: Central Air
- ConstructionMaterials: Vinyl, Aluminum, Brick-Partial-AbvFound
- Heating: Central
- TotalActualRent: 3400
- TenantPays: Heating, Electric, Cable, Pest Control, Lawn
- RoomsTotal: 42
- Road surface type: Paved
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for —faster.
$526,100
2% more+$10,522
With Zillow Showcase(estimated)$536,622