Invest in this quiet, convenient duplex with terrific cash flow and potential cap rate. Located at the foot of the James Island connector, this property brings in $2,600/month in rent ($31,200 annually). Since the owners have owned the property, it has had a great rental history, low turnover in renters and has always been leased to professionals or graduate students. Built in 2000, with lots of storage, Unit A has 2 bedrooms/2.5 bathrooms and is leased through 8//1/2017. Unit B has 3 bedrooms/2.5 bedrooms and is leased month-to-month. 2013 taxes were $3,873 (no owner-occupant reduction has been taken) and 2013 hazard and flood insurances were $2,600 combined. No outside management has been necessary due to low maintenance and low renter turnover. With the maintenance costs of this property being low and the cash flow solid, this property beats the market!
Listing Date: 07-01-2014
Sold Date: 01-09-2015
Aprox Days on Market: 
6 month(s), 7 day(s)
Listing Sold: 
11 Year(s), 5 month(s), 10 day(s) ago
Original Asking Price: $338,900
Asking Price: $338,900
Selling Price: $328,500
Price Difference From Original:
Reduced By $10,400
Price Difference From Asking:
Reduced By $10,400
Grazing Permits Forest Service: No
Grazing Permits Private: No
Grazing Permits Blm: No
Horse: No
Farm Credit Service Incl: No
Year Built: 2000
Rent Control: No
Pool Private: No
Gar Pkg: 1.5 Car
Garage: No
Attached Garage: No
Interior Features: Ceiling Fan(s)
Fireplace: No
Laundry Features: Dryer Connection
Lot Size Units: Acres
Acres: 0.00
Irrigation Water Rights: No
Mobile Home Remains: No
Property Type: B
Stories: 3
Foundation: Slab
Exterior: Vinyl Siding
New Construction: No
Roof: Architectural
Building Area Units: Square Feet
View: No
Home Warranty: No
Habitable Residence: No
Structure Type: Duplex
Beds: 5
Sold Date: 2015-01-09T00:00:00
Lease Renewal Option: No
Lease Considered: No
Lease Assignable: No
Sqft: 2548
Number of Units Total: 2
Unit: A&B
Unit Bedrooms: 2
Unit Bedrooms: 3
Heating: No
Cooling: Yes
Waterfront: No
Courtesy of listing office Brand Name Real Estate