2018 Pinopolis Road, Moncks Corner, SC 29461
New Listing
$605,000
Property Type:
MultiFamily
Square Footage:
2,956
Lot Size (sq. ft.):
21,344
Status:
Active
Current Price:
$605,000
List Date:
6/29/2024
Last Modified:
7/02/2024
Description
Rare Quadplex Investment Opportunity in Pinopolis! Generating $55K Annual Cash Flow (2023): Property offering stable cash flow and minimal vacancy in a prime location. Currently, 3 out of 4 units are occupied with long-term tenants. Income-generating assets with projected rental ranges from $1,300 to $1,350 per unit for future lease-up. Key Features: Property management team in place until sale is complete (MTM contract). Unit A: Rent $950; Unit B: Rent $1,250; Unit C): Rent $1,200 (now vacant); Unit D: Rent $1,150. UNIT C undergoing PM Move out inspection, not show ready. Previous sellers disclosed renovations (circa 2017) new appliances, new paint, new AC/HV units, and new roofs on both buildings. Property being sold AS-IS.
Supplements: " Recent Improvements: Over $10K invested in capital expenditures in new septic system " Prime Location: Desirable area with strong rental demand This quadplex presents an excellent opportunity for investors seeking a cash-flowing property with proven income potential. Don't miss out on this rare chance to acquire a quadplex investment generating consistent returns. For more information or to schedule a showing, contact us today!
More Information MLS# 24016566
Contract Info
MLS List Date: 2024-06-29
Status: Active
List Price: $605,000
Current Price: $605,000
Location, Tax & Legal
Tax Map #: 1220502006
Street #: 2018
Street Name: Pinopolis
Street Suffix: Road
County: Berkeley
State: SC
Zip Code: 29461
Area: 76 - Moncks Corner Above Oakley Rd
Tax District: 6 - Berkeley Co - Other
Subdivision: Walsh
Elementary School: Berkeley
Middle School: Berkeley
High School: Berkeley
Legal Description: ASSESSMENT DISTRICT: 900DUPLEXES
Directions: From Moncks Corner, on Hwy.6,west,turn right on Pinopolis Road just past Berkeley High School. Property is on the right.
General Property Info
Number of Units: 4
# Stories: 1
Ground Level: Yes
Primary Structure Apx SqFt: 2956
Year Built: 1990
Acreage: 0.49
Potential Short Sale: No
Other Structures Y/N: No
Office/Member Info
Buyers Agency Compensation: 2
Buyers Agency Compensation Type: %
Unit 1
SqFt: 638
Bedrooms: 1
Baths: 1
Unit 2
SqFt: 870
Bedrooms: 2
Baths: 1
Unit 3
SqFt: 780
Bedrooms: 2
Baths: 1
Unit 4
SqFt: 780
Bedrooms: 2
Baths: 1
Property Features
SqFt Source: Previous Listing
Roof: Asphalt Shingle
Exterior: Wood Siding
Foundation: Raised Slab
Driveway: Gravel
Architectural Style: Duplex
New Owned/Pre-owned: Pre-Owned
Zoning: Non-Conforming
Equipment/Appliances: Dishwasher; Electric Range; Refrigerator
Cooling: Central Air
Heat: Electric
Amenities: Laundry
Sale Includes: Building and Land
Tenant Pays: Electric; Water & Sewer
Proposed Financing: Any
Possession: Tenants Rights
Water/Sewer: Septic
Utility Suppliers: Santee Cooper
Listing Office: The Charleston Real Estate Cafe
Last Updated: July - 02 - 2024
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