Details
A great opportunity for rent growth with a cap rate of 7%. This brick front with vinyl siding duplex - 810 & 812 Sandy Bay Road is located in a strong demand rental market in Kingstree, SC. Constructed in 1968, the duplex consists of two units totaling 1596 sq ft. The tenants are on a month-to-month lease. Unit 810 rents for $600.00; Unit 812 for $550.00 per month. The property has a gross rental income of $13,800.00. The tenants have separate meters and pay for all utilities - water and power. Each floor plan includes two bedrooms and one bathroom. The roof was installed approximately five years ago. There is a large welcoming open courtyard between additional multi-family properties available for a package deal.