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c.2022:REAL ESTATE WEEKLY or Assignees


acquire a fully occupied duplex - 220 and 222 E. Brooks Street. This brick duplex is located in a strong demand rental market in Kingstree, SC. Constructed in 1945, the property consists of 2 units with 1,252 sq ft. The long-term tenants are on a month-to-month lease. Both units are rented for $500.00 per month with a gross rental income of $12,000.00. The duplex is self-managed by the Owner. The rents are below the current market rent. Increasing the rents to $700.00 will have a cap rate return of 5%! This will expand positive cash flow and the market value in an insatiable rental area. The tenants have separate meters and pay for all utilities - water and power. Each floor plan includes covered porches, 2 bedrooms, 1 bath, living room, dining room, and laundry room. The roof was installed 10-12 years ago. The property includes two new 2021 HVAC units. 220 E Brooks features an updated bathroom with a new toilet, tile floors, new vanity, new tub, and new shower. The kitchen includes new laminate floors. The Owner has additional multi-family properties available for a package deal.
MLS#: 20222372
Unit:  2
Price:  $189,000
Baths:  0.00
Sq Ft: 
Lot Size:  0.24 acres
Year Built: 1945
Map location from available data. Location should be verified. Click map for interactive view.


United Real Estate MELISSA FLOYD

Florence, SC | 29502

Direct: 843-618-3878

United Real Estate MELISSA FLOYD

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