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222 E Brooks St

Kingstree, SC 29556
  • $189,000
  • STATUS: Active Under Contract
  • ON SITE: 81 Days
  • MLS #: 20222372
Under Contract
UPDATED: 17 min ago
$189,000
  • 0
    BEDS
  • 0.24
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1945
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

A great opportunity to acquire a fully occupied duplex - 220 and 222 E. Brooks Street. This brick duplex is located in a strong demand rental market in Kingstree, SC. Constructed in 1945, the property consists of 2 units with 1,252 sq. ft. The long-term tenants are on a month-to-month lease. Both units are rented for $500.00 per month with a gross rental income of $12,000.00. The duplex is self-managed by the Owner. The rents are below the current market rent. Increasing the rents to $700.00 will have a cap rate return of 5%! This will expand positive cash flow and the market value in an insatiable rental area. The tenants have separate meters and pay for all utilities - water and power. Each floor plan includes covered porches, 2 bedrooms, 1 bath, living room, dining room, and laundry room. The roof was installed 10-12 years ago. The property includes two new 2021 HVAC units. 220 E Brooks features an updated bathroom with a new toilet, tile floors, new vanity, new tub, and new shower. The kitchen includes new laminate floors. The Owner has additional multi-family properties available for a package deal.

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The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of The Realtor Association of the Greater Pee Dee. Data last updated: 2022-09-26T08:36:41.887.

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.
www.florencehomesearch.com/homes/130593464
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222 E Brooks St Kingstree, SC 29556

  • Price: $189,000
  • Status: Active Under Contract
  • On Site: 81 Days
  • Updated: 17 min ago
  • MLS #: 20222372
0
Beds
0
Baths
0
½ Baths
0.24
Acres
1945
Built
Neighborhood:
City
County:
Williamsburg
Area:
Kingstree
Elementary School:
Wm Anderson
Middle School:
Kingstree Jr Hi
High School:
Kingstree High
Property Description
A great opportunity to acquire a fully occupied duplex - 220 and 222 E. Brooks Street. This brick duplex is located in a strong demand rental market in Kingstree, SC. Constructed in 1945, the property consists of 2 units with 1,252 sq. ft. The long-term tenants are on a month-to-month lease. Both units are rented for $500.00 per month with a gross rental income of $12,000.00. The duplex is self-managed by the Owner. The rents are below the current market rent. Increasing the rents to $700.00 will have a cap rate return of 5%! This will expand positive cash flow and the market value in an insatiable rental area. The tenants have separate meters and pay for all utilities - water and power. Each floor plan includes covered porches, 2 bedrooms, 1 bath, living room, dining room, and laundry room. The roof was installed 10-12 years ago. The property includes two new 2021 HVAC units. 220 E Brooks features an updated bathroom with a new toilet, tile floors, new vanity, new tub, and new shower. The kitchen includes new laminate floors. The Owner has additional multi-family properties available for a package deal.
Exterior Features

Construction Brick Veneer Cooling System Central Air Parking Off Street Parking Spaces 2 Roof Composite Shingle Stories 1

Interior Features

Floors LaminateWoodTile Heating System Central Unit1 Furnishings Stove & Refrigerator Unit1 Sq Ft 1252 Unit2 Furnishings Stove & Refrigerator Unit2 Sq Ft 1252

Property Features

Amenities Cable T.V. Annual Insurance Expense 1429 Annual Taxes Expense 2198 Buyer Agent% 3 Multifamily Type Duplex Sewer Public Sewer Unit1 Monthly Rent $500 Unit2 Monthly Rent $500 Water Public Water

Listing provided by Melissa Floyd of United Real Estate Sc: [IDXCONTACTINFORMATION]. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. © 2022 The Realtor Association of the Greater Pee Dee.
The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of The Realtor Association of the Greater Pee Dee. Data last updated: 2022-09-26T08:36:41.887.

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.
 
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Crosson and Co - EXP Realty
492 West Cheves Street
Florence SC, 29501