505 Chiquola Ave, Honea Path, SC 29654

15 unit apartment building plus SFH next door. 13 units that consist of bedroom, living room, kitchen, bathroom - market rent $650 2 units that consist of 2 bedrooms, living room, kitchen, bathroom - market rent $700+ Water/trash paid by owner which averages $40 per unit, per month 4 units are currently occupied by inherited tenants at $450/month. They could be moved out or raise rent to the market price. All of them pay on time and want to stay. Their units would need to be renovated if/when they move out. Renovating those units isn't really possible while someone is living there. We have removed all the non-payers and the ones causing trouble 5 units are currently rent ready at the market price. The remaining 6 units are partially renovated. Exterior vinyl siding has been purchased and will be included in the sale. All kitchen cabinets that have not been installed will come with the sale. Estimated repairs remaining - $20-30k. There is an old abandoned mill across the street and I've gotten confirmation from the mayor that the town has received funds from the state to tear down the mill and clean up the site. He said it will happen in the spring. There are several developers who are looking to put something on that site - townhouses, healthcare, etc. The following renovations have been completed: - Electrical (new breaker panels in all 15 units) - HVAC (all units have heat and air) - Plumbing fixtures - Kitchen cabinets and countertops in all but 3 units. - New hot water heaters (tankless) - Flooring in all except 5 units - All windows replaced - All doors replaced 507 Chiquola (SFH) New metal roof New flooring, paint, fixtures, etc. Will need some electrical work to be rent ready. 2/1.5 with living room, dining room, and large kitchen and full basement