Details
WALK THROUGH of properties scheduled for Sept 8th. Please contact list broker for details, signed Confidentiality Agreement required. Offering 30 rental units, consisting of fourteen (14) single family residence rentals; 3 duplexes; an 8-unit multifamily complex; 2 commercial properties; and 6 vacant parcels of land, all located in Cheraw, SC, and all available in one (1) portfolio to be sold As-Is/Where Is. Cheraw is a 40-minute drive from Florence, SC; 85 miles northeast of Columbia, SC; and 75 miles southeast of Charlotte, NC. Cheraw known as the “Prettiest Town in Dixie,†offers a rich history and continues to prosper with strong automotive parts manufacturing, healthcare services, and an expanding technical college. Per rentdata.org, the fair market rent in 2023 in Chesterfield County is $642 and the fair market rent for a 2-bedroom is $780. The reality is rents are much higher in Cheraw and can easily attain over $800 per month for a 2/1 single family or duplex rental property, depending on its location and condition. The rents in these properties have not been increased for some time, there is room to increase rents 50% to 100%. The properties are primarily concentrated near downtown Cheraw and eight (8) single family homes are located near the Cheraw Airport. The sale is one portfolio package—it will not be split up. See attached brochure for more info. Price adjusted because Sellers removed one unrented house from portfolio.