Opportunity knocks!! Cash flowing duplex in a prime West Ashley location. Move in one side, rent the other! Two 3 bedroom, 1 bath units currently leased at $800 and $900 a month, with a total of $1,700 a month for the duplex. Seller pays $1,868 a year in taxes and $1,429 a year in insurance. 8% Cap Rate assuming a NOI of $16,083 and a purchase cost of $200,000. Owner has made the following repairs to the units: Unit A-new HVAC condenser unit, complete interior paint, new water heater. Unit B-new HVAC package unit, new water heater, painted cabinetry, replace hardware and countertops in kitchen, new bathroom vanity and mirror, new water heater. Seller has rewired electrical in both units, and put a new roof on the structure.
Listing Date: 11-07-2013
Sold Date: 01-02-2014
Aprox Days on Market: 
1 month(s), 25 day(s)
Listing Sold: 
12 Year(s), 5 month(s), 20 day(s) ago
Original Asking Price: $200,000
Asking Price: $200,000
Selling Price: $160,000
Price Difference From Original:
Reduced By $40,000
Price Difference From Asking:
Reduced By $40,000
Grazing Permits Forest Service: No
Grazing Permits Private: No
Grazing Permits Blm: No
Horse: No
Farm Credit Service Incl: No
Year Built: 1960
Rent Control: No
Pool Private: No
Garage: No
Attached Garage: No
Fireplace: No
Lot Size: 0.35
Lot Size Units: Acres
Acres: 0.35
Lot Sqft: 15245.999999
Irrigation Water Rights: No
Mobile Home Remains: No
Property Type: B
Foundation: Crawl Space
Exterior: Brick Veneer
New Construction: No
Building Area Units: Square Feet
View: No
Home Warranty: No
Habitable Residence: No
Structure Type: Duplex
Beds: 6
Sold Date: 2014-01-02T00:00:00
Lease Renewal Option: No
Lease Considered: No
Lease Assignable: No
Unit Sqft: 882
Unit Sqft: 882
Sqft: 1764
Unit Bedrooms: 3
Unit Bedrooms: 3
Water Source: Public
Heating: No
Water Sewer: Public Sewer
Cooling: No
Waterfront: No
Courtesy of listing office Carolina One Real Estate - 843-779-8660