This great cape cod home in Riverland Terrace has been uniquely turned into multiple apartments and this awesome investment property is now available for sale. With 6 Apts in total of which 5 are rented and the owner living in the main house downstairs(6th) which will be available to rent upon sale. Over 4200 sqft of cool apts that you will have no problem keeping rented. In good condition and in a great location! Beautiful floors and many of the architectural details exist in the main house apts, up and down and the garden apt, garage apt and duplex have their own individual style. All very cute! Currently only $32K annually but the rents are under mkt value & the main house apt brings over $2 Grand. When fully rented in 2008 revenues were $48K annually(still undervalue.) Solar panelsare in place to help cut down the costs of electric and the entire property is on a well system. Duplex has it own separate meters but main house is split 4 ways. Total monthly cost of electric is $367 and waste water is $137. Other than cable those are the only costs other than routine maintenance.
Listing Date: 08-25-2015
Sold Date: 02-09-2016
Aprox Days on Market: 
5 month(s), 14 day(s)
Listing Sold: 
8 Year(s), 2 month(s), 26 day(s) ago
Original Asking Price: $750,000
Asking Price: $750,000
Selling Price: $690,000
Price Difference From Original:
Reduced By $60,000
Price Difference From Asking:
Reduced By $60,000
Grazing Permits Forest Service: Yes
Grazing Permits Private: Yes
Grazing Permits Blm: Yes
Horse: No
Farm Credit Service Incl: Yes
Community Features: Boat Ramp
Halfbaths: 1
Fullbaths: 6
Levels: One, Two
Year Built: 1945
Floors: Ceramic Tile, Laminate, Vinyl, Wood
Rent Control: No
Fencing: Partial
Misc Ext: Deck
Pool Private: No
Style: Cape Cod, Carriage/Kitchen House
Gar Pkg: Off Street, Converted Garage
Garage: No
Attached Garage: No
Desclocation: Living Room, One
Interior Features: Ceiling - Cathedral/Vaulted, Ceiling Fan(s), Family, Living/Dining Combo, Separate Dining
Fireplace: Yes
Laundry Features: Dryer Connection, Laundry Room
Num Fireplaces: 1
Lot Size: 0.32
Lot Desc: .5 - 1 Acre, High, Interior Lot
Lot Size Units: Acres
Acres: 0.32
Lot Sqft: 13939.2
Irrigation Water Rights: Yes
Mobile Home Remains: Yes
Property Type: A
Stories: 3
Foundation: Crawl Space, Slab
Exterior: Vinyl Siding
New Construction: No
Roof: Asphalt
Building Area Units: Square Feet
Entry Location: Ground Level
View: No
Home Warranty: Yes
Habitable Residence: Yes
Beds: 7
Primary Bedroom Features: Ceiling Fan(s)
Sold Date: 2016-02-09T00:00:00
Lease Renewal Option: Yes
Lease Considered: Yes
Lease Assignable: Yes
Sqft: 4270
Water Source: Well
Utilities: James IS PSD, SCE & G
Heating: Yes
Heat: Electric, Forced Air
Water Sewer: Public Sewer
Cooling: Yes
Waterfront: No
Courtesy of listing office Carolina One Real Estate - 843-779-8660