Price Reduction! Bring your offer! Over $50,000 in Gross Income and 10% cap rate! Two parcels and 6-units being sold together. This sale is for the 4-unit building(TMS#472-16-00-284) 1927 Iron Street and the 2-unit building(TMS#472-16-00-282) 1929 Iron Street. Units have undergone renovations with All new roofs on both buildings, parking/driveway, new mailboxes, exterior work on the units and interior work on several as well as new appliances. New fencing just installed as well. Tenants pay all utilities. Rents are still below market so opportunity for 11-12% cap rate! 5, 1-bedroom units and 1, 2-bedroom unit.
Listing Date: 01-09-2019
Sold Date: 03-15-2019
Aprox Days on Market: 
2 month(s), 5 day(s)
Listing Sold: 
5 Year(s), 2 month(s), 10 day(s) ago
Original Asking Price: $374,500
Asking Price: $364,500
Selling Price: $349,500
Price Difference From Original:
Reduced By $25,000
Price Difference From Asking:
Reduced By $15,000
Grazing Permits Forest Service: Yes
Grazing Permits Private: Yes
Grazing Permits Blm: Yes
Horse: No
Farm Credit Service Incl: Yes
Year Built: 1985
Rent Control: No
Pool Private: No
Garage: No
Attached Garage: No
Fireplace: No
Lot Size: 0.35
Lot Size Units: Acres
Acres: 0.35
Lot Sqft: 15245.999999
Irrigation Water Rights: Yes
Mobile Home Remains: Yes
Property Type: B
Stories: 1
Foundation: Crawl Space
Exterior: Wood Siding
New Construction: No
Roof: Asphalt
Building Area Units: Square Feet
Entry Location: Ground Level
View: No
Home Warranty: Yes
Habitable Residence: Yes
Structure Type: Duplex, More than 4
Beds: 7
Sold Date: 2019-03-15T00:00:00
Lease Renewal Option: Yes
Lease Considered: Yes
Lease Assignable: Yes
Sqft: 4135
Unit Bedrooms: 1
Unit Bedrooms: 1
Number of Units Total: 6
Unit Bedrooms: 2
Unit Bedrooms: 1
Unit Bedrooms: 1
Unit Bedrooms: 1
Utilities: SCE & G
Heating: Yes
Water Sewer: Private Sewer, Public Sewer
Cooling: Yes
Waterfront: No
Courtesy of listing office BHHS Carolina Sun Real Estate