1283 Sumner Avenue, North Charleston, SC 29406

$250,000
2,523
SqFt
List Price
$250,000

Property Description

ATTENTION INVESTORS!!!! HIGH CAP RATE PROPERTY(S) OPPORTUNITY!!! THIS PROPERTY HAS NINE (9) FULLY RENTABLE UNITS (5 MOBIL HOMES, 2 DUPLEX, 2 SINGLE FAMS) AND TWO(2) ADDITIONAL VACANT PADS FOR ADDING MORE UNITS!!! ON A QUIANT DEAD-END STREET CORNER (RES- MOBILE HOME PARK!). ------- ***NOI IS CURRENTLY $51,740!! - ***CAP RATE IS CURRENTLY OVER 9%! (CURRENT NORTH CHARLESTON CAP RATE IS 7.1%) ----------- RENTS ARE AS FOLLOWS: **UNIT 1 - $1100, **UNIT 2 - $700, **UNIT 3 - $700, **UNIT 4 - $650, *UNIT 5 - $650, *UNIT 6 - $495, *UNIT 7 - $450, *UNIT 8 - $450, *UNIT 9 - $450 (Once repairs made, currently vac) ----- Square ft. and age of all units are est. ***SEE MLS# 19022699 FOR PKG DEAL!!*** OVER $124,000 IN GROSS ANNUAL INCOME!!****

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Listing courtesy of Atlantic Edge Real Estate.