5603 Dobson is a 6 unit apartment building with positive cash flow priced over a 10.5 CAP. Each unit is 1 bedroom/1 bathroom. The property stays fully occupied and rents in the area have been steadily increasing with room for improvement even at the current rates. Unit 1 rents for $625, Unit 2 rents for $625, Unit 3 rents for $450, Unit 4 rents for $650, Unit 5 rents for $550, and Unit 6 rents for $600. Very large parking lot in the back of the building provides plenty of parking for tenants. Don't miss out on this great investment opportunity! Priced at over a 10.5 CAP, this won't last long. Current NOI projection attached.
Listing Date: 02-05-2018
Sold Date: 03-30-2018
Aprox Days on Market: 
1 month(s), 24 day(s)
Listing Sold: 
6 Year(s), 21 day(s) ago
Original Asking Price: $299,000
Asking Price: $299,000
Selling Price: $295,000
Price Difference From Original:
Reduced By $4,000
Price Difference From Asking:
Reduced By $4,000
Grazing Permits Forest Service: Yes
Grazing Permits Private: Yes
Grazing Permits Blm: Yes
Horse: No
Farm Credit Service Incl: Yes
Community Features: Bus Line
Year Built: 1973
Rent Control: No
Pool Private: No
Gar Pkg: Other (Use Remarks)
Garage: No
Attached Garage: No
Fireplace: No
Lot Size: 0.21
Lot Size Units: Acres
Acres: 0.21
Lot Sqft: 9147.6
Irrigation Water Rights: Yes
Mobile Home Remains: Yes
Property Type: B
Stories: 2
Foundation: Crawl Space
Exterior: Wood Siding
New Construction: No
Roof: Asphalt
Building Area Units: Square Feet
View: No
Home Warranty: Yes
Habitable Residence: Yes
Structure Type: More than 4
Beds: 6
Sold Date: 2018-03-30T00:00:00
Lease Renewal Option: Yes
Lease Considered: Yes
Lease Assignable: Yes
Sqft: 2890
Unit Bedrooms: 1
Unit Bedrooms: 1
Number of Units Total: 6
Unit Bedrooms: 1
Unit Bedrooms: 1
Unit Bedrooms: 1
Unit Bedrooms: 1
Water Source: Public
Utilities: Charleston Water Service, SCE & G
Heating: Yes
Water Sewer: Public Sewer
Cooling: Yes
Waterfront: No
Courtesy of listing office Beach Residential