Specs: 75 Beds | 45 Baths | 30,326 sqft 8 Duplexes | 6 SFD. Portfolio spread out in approx 1 mile radius surrounding University of SC. Financial Snapshot: Gross Rents: $703,200 | NOI: $624,358 | Gross Insurance: $19,709 | Gross Taxes: $46,493 | Avg Maintenance: $12,640 | 7 properties have a 20 year tax abatement Bailey Bill | 7.65% Cap Rate. Why Invest? Stable Income: Generate $703,200 in annual gross rents. Strategic Location: Close to University of SC, ensuring a steady pool of student tenants. High Demand: Benefit from the consistent demand for student housing over 33,000 student base Value Appreciation: Potential for property value growth every year. Mix of new construction and stud rehabs from 2019-2023 Consistent rent increases year over year.
Listing courtesy of Keller Williams Palmetto.