Description
Unique investment opportunity in the heart of Johnsonville featuring five fully occupied rental units generating approximately $4,525 per month in gross rental income. This property consists of a mix of one-bedroom, two-bedroom, and studio-style units, including a former jail area converted into a one-of-a-kind studio apartment. Current unit mix includes three 1-bedroom/1-bath units, one 2-bedroom/1-bath upstairs unit with washer hookup, and one studio-style unit. All units are occupied on month-to-month leases, offering flexibility for future rent adjustments. Property currently produces approximately $54,300 in annual gross income with an estimated NOI of approximately $36,843 annually. Strong rental history, immediate cash flow, and upside potential make this an excellent opportunity for investors looking to add to their portfolio. Conveniently located near local shops, restaurants, and major routes through Johnsonville.
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0BEDS
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0.3ACRES
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0BATHS
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01/2 BATHS
School Information
Description
Unique investment opportunity in the heart of Johnsonville featuring five fully occupied rental units generating approximately $4,525 per month in gross rental income. This property consists of a mix of one-bedroom, two-bedroom, and studio-style units, including a former jail area converted into a one-of-a-kind studio apartment. Current unit mix includes three 1-bedroom/1-bath units, one 2-bedroom/1-bath upstairs unit with washer hookup, and one studio-style unit. All units are occupied on month-to-month leases, offering flexibility for future rent adjustments. Property currently produces approximately $54,300 in annual gross income with an estimated NOI of approximately $36,843 annually. Strong rental history, immediate cash flow, and upside potential make this an excellent opportunity for investors looking to add to their portfolio. Conveniently located near local shops, restaurants, and major routes through Johnsonville.
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable, but not guaranteed. Neither The Realtor Association of Greater Pee Dee, nor the listing broker, nor their agents or subagents are responsible for the accuracy of the information. The buyer is responsible for verifying all information. This information is provided by The Realtor Association of Greater Pee Dee for use by its members and is not intended for the use for any other purpose.