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222 E Brooks St

Kingstree, SC 29556
  • $145,000
  • STATUS: Closed
  • ON SITE: 524 Days
  • MLS #: 20230147
Sold - 10/19/2023
$145,000
SOLD - 10/19/2023
  • 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 rare opportunity to purchase a fully occupied duplex - 220 and 222 E. Brooks Street in Kingstree, SC. This brick duplex is located in a stable and strong demand rental market. Constructed in 1945, the property consists of two units with 1,252 sq. ft. The duplex total square footage is 2,504. Each floor plan includes covered porches, two bedrooms, one bath, living room, dining room, and laundry room. The tenants are on a month-to-month lease. 220 E Brooks St. is rented for $625.00 per month. 222 E Brooks St. is rented for $550.00 per month. The units gross rental income is $14,100.00. The duplex is self-managed by the Owner. 220 E Brooks St. was recently updated and freshly painted. New laminate floors and ceiling fans are included throughout. The bathroom features a new toilet, vanity, tub, and shower. The kitchen has new countertops, backsplash, and stainless steel appliances. The kitchen is equipped with a range and refrigerator. The roof was installed 10-12 years ago. The property consists of two new 2021 HVAC units. The rents are below the current market rent of $700.00. Increasing the rents 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. An updated offering memorandum and rent roll is available upon request.

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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: 2024-06-20T07:36:40.577.

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/136018304
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222 E Brooks St Kingstree, SC 29556

  • Price: $159,900
  • Status: Closed
  • On Site: 524 Days
  • Updated: 113 min ago
  • MLS #: 20230147
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 rare opportunity to purchase a fully occupied duplex - 220 and 222 E. Brooks Street in Kingstree, SC. This brick duplex is located in a stable and strong demand rental market. Constructed in 1945, the property consists of two units with 1,252 sq. ft. The duplex total square footage is 2,504. Each floor plan includes covered porches, two bedrooms, one bath, living room, dining room, and laundry room. The tenants are on a month-to-month lease. 220 E Brooks St. is rented for $625.00 per month. 222 E Brooks St. is rented for $550.00 per month. The units gross rental income is $14,100.00. The duplex is self-managed by the Owner. 220 E Brooks St. was recently updated and freshly painted. New laminate floors and ceiling fans are included throughout. The bathroom features a new toilet, vanity, tub, and shower. The kitchen has new countertops, backsplash, and stainless steel appliances. The kitchen is equipped with a range and refrigerator. The roof was installed 10-12 years ago. The property consists of two new 2021 HVAC units. The rents are below the current market rent of $700.00. Increasing the rents 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. An updated offering memorandum and rent roll is available upon request.
Exterior Features

Construction Brick Veneer Cooling System Central Air Parking Off Street Parking Spaces 0 Roof Composite Shingle Stories 1

Interior Features

Floors LaminateWood 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 2229 Buyer Agent% 2.5 Multifamily Type Duplex Proposed Financing Cash FinancingConventional Sewer Public Sewer Unit1 Monthly Rent $625 Unit2 Monthly Rent $550 Water Public Water

Listing provided by Melissa Floyd of Real Estate Direct: . The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. © 2024 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: 2024-06-20T07:36:40.577.

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