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Listed by Keller Williams Key
$ 195,000
Est. payment /mo
Price Dropped by $40K
798 Kings Rd #798 - 800 -802 Orangeburg, SC 29115
6 Beds
900 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 900 sqft
Price per Sqft $216
MLS Listing ID 25021326
Bedrooms 6
Year Built 2006
Lot Size 0.300 Acres
Acres 0.3
Property Sub-Type Quadruplex
Property Description
Investment Opportunity - Income-Producing Triplex w/ Owner Financing | One Seller is a Licensed RealtorTriplex with three 2 bed, 2 bath units, approx. 900 sq ft each. Two units are rented at $750/month; one is vacant. Two units need updates, and the third requires repairs. Projected market rents are $1,100/unit, offering $3,300/month and $39,600/year in potential income. Estimated NOI is $27,720. Income-based ARV at an 8% cap rate is approx. $346,500. Owner financing available at $275,000 with $100,000 down, 20-year term, 0% interest. A cash offer based on 70% of ARV minus $70,000 in repairs will be considered. Ideal for investors or owner-occupants seeking rental income or a house hack. Seller is motivated and open to creative terms.
Location
State SC
County Orangeburg
Area 83 - Org - Orangeburg County
Exterior
Parking Features Other
Roof Type Asphalt
Building
Dwelling Type Quadruplex
Foundation Crawl Space
Structure Type Brick
New Construction No
Schools
Elementary Schools Brookdale Elementary
Middle Schools Robert E. Howard Middle
High Schools Orangeburg-Wilkinson High School
Others
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
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