Description
This duplex, located at 418 Elm St in Lake City, SC, is being sold AS-IS and offers great investment potential. Currently, it generates $1,000 per month in rental income, with two 2-bedroom, 1-bathroom units. While the units do need updates, they offer significant upside and are an excellent opportunity for an investor or someone looking to add value to the property. According to research from Apartments.com, ApartmentHomeLiving.com, Zillow.com, and RentCafe.com, the average rent for a 2-bedroom, 1-bath apartment in Lake City is approximately $876.40 per month. While there was a wide range of rents across these sites, $876.40 is the average of the estimated rent from all 4 sites for a 2/1 in Lake City. With the current rent of $1,000/month, there is clear potential for strong cash flow with some updates. This duplex is a great opportunity for someone looking to invest in a growing rental market and create long-term value through updates and improvements. Contact us today for more information or to schedule a showing!
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
School Information
Description
This duplex, located at 418 Elm St in Lake City, SC, is being sold AS-IS and offers great investment potential. Currently, it generates $1,000 per month in rental income, with two 2-bedroom, 1-bathroom units. While the units do need updates, they offer significant upside and are an excellent opportunity for an investor or someone looking to add value to the property. According to research from Apartments.com, ApartmentHomeLiving.com, Zillow.com, and RentCafe.com, the average rent for a 2-bedroom, 1-bath apartment in Lake City is approximately $876.40 per month. While there was a wide range of rents across these sites, $876.40 is the average of the estimated rent from all 4 sites for a 2/1 in Lake City. With the current rent of $1,000/month, there is clear potential for strong cash flow with some updates. This duplex is a great opportunity for someone looking to invest in a growing rental market and create long-term value through updates and improvements. Contact us today for more information or to schedule a showing!
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.