Catylist ID:
#30800356
Multi-Home Property OR Opportunity for New Commercial Development
Multi-Family
for Sale
Also listed as Vacant Land
| Catylist Listing ID: | 30800356 |
| Property Subtypes: | Duplex/Fourplex, Mixed Use, Other |
| Number of Units: | 2 Units |
| Building Size (RSF): | 1,855 SF |
| Gross Building Area: | See Agent |
| Gross Land Area: | 0.72 Acres |
| Sale Price: | $325,000 |
| Unit Price: | $162,500 Per Unit |
| Property Use Type: | Investment, Business |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 5/5/2022 |
Overview / Comments
|
This listing represents the sale of two contiguous parcels each measuring .36 Acres and each with a home. The first property is located on Bells Highway just blocks from Exit #57 on I-95. The second property front Dorsey Street. These properties are located in Walterboro, SC in Colleton County. The front home is currently rented on a month to month basis. The back home is vacant, has rehab potential, but is currently in need of repairs. Two possibilities exist for this property. 1) Removal of both structures and redevelopment of the property along Bells Highway, just blocks from Exit #57 @ I-95. Recent development in the area includes Cook-Out, Popeyes, an Urgent Care Facility, and Starbucks just to name a few. This is a high traffic area and a regular stop for travelers along the I-95 corridor. 2) Rehab of the exisiting home on the rear property and continued occupancy of the front property along Bells Highway for rental income. The property along Bells Highway is a 3BR/1BA home, large front porch, fenced in yard and currently has a tenant in place for 1000.00/month. This is a month to month lease. Rents in the area are increasing and a higher rental amount is certainly reasonable. The rear property is also a 3BR/1 BA home. It has been vacant for several months and would need work for the owner to see a reasonable rental rate. Walterboro is growing quickly as adjoining counties continue to push beyond their borders. This is an excellent opportunity to secure investment property in a growing market. |
Additional Details
| Nearest MSA: | Charleston-North Charleston |
| County: | Colleton |
| Submarket/Township: | 82 - Colleton County |
| Submarket Type: | Central Business District |
| Tax ID/APN: | 147-09-00-064.000 AND 147-09-00-057.000 |
| Zoning: | RESIDENTAL/COMMERCIAL |
| Property Located Between: | Exit #57 on I-95 and Robertson Blvd |
| Highway Access: | Easy access to I-95 |
| Site Description: | Located along busy four lane highway. |
| Total Number of Buildings: | 2 |
| Property Condition: | Good |
| Year Built: | 1999 |
| Lot Frontage: | 100 Feet |
| Lot Depth: | 325 Feet |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 2,853 | 8,243 | 15,775 |
| Median Age: | 40.96 | 40.64 | 39.04 |
| Households: | 1,224 | 3,325 | 6,033 |
| © Copyright 2001-2022 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither South Carolina Statewide Commercial MLS nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions. |
