Description
Booming Greenville, SC - Master Leased 100% occupancy 10 unit with tenant responsible for minor maintenance (including lawn care and up to $150 per incident) and additional upside potential. This property a unique gem about 1/2 mile to downtown Greenville and in an opportunity zone. There is tons of potential here: Option 1. Keep the property as-is - master leased for $10,500 a month, tenant responsible for yard maintenance and minor repairs. Option 2. After the lease expires (2 year lease) convert to short-term rental. It is in Greenville County, which allows short-term rentals, but is surrounded on all sides by Greenville City. Option 3. Build additional units on the property (our understanding is that you could build at least 2, maybe 3 additional units with current zoning). Option 4. Annex to the city and potentially build even more. This property has been 100% renovated with new wiring, plumbing, framing, HVAC, cabinets, appliances, etc. All mechanicals still under warranty. These are 10, 1 bedroom units in booming Greenville, a short walk to downtown, Unity park, etc. Each unit has a full kitchen, with stove, dishwasher and refrigerator, full bath and top and bottom laundry unit. Additional notes: 2022 taxes are NOT actual taxes buy are higher because of some county work completed during the construction process. Actual taxes are more around the $6,000 mark (based on previous years). The sale consists of 2 parcels - 0150.00-15-006.00 and 0150.00-15-007.00. Occupancy expected within 2 weeks of listing date.
-
0BEDS
-
0.25ACRES
-
0BATHS
-
01/2 BATHS
School Information
Description
Booming Greenville, SC - Master Leased 100% occupancy 10 unit with tenant responsible for minor maintenance (including lawn care and up to $150 per incident) and additional upside potential. This property a unique gem about 1/2 mile to downtown Greenville and in an opportunity zone. There is tons of potential here: Option 1. Keep the property as-is - master leased for $10,500 a month, tenant responsible for yard maintenance and minor repairs. Option 2. After the lease expires (2 year lease) convert to short-term rental. It is in Greenville County, which allows short-term rentals, but is surrounded on all sides by Greenville City. Option 3. Build additional units on the property (our understanding is that you could build at least 2, maybe 3 additional units with current zoning). Option 4. Annex to the city and potentially build even more. This property has been 100% renovated with new wiring, plumbing, framing, HVAC, cabinets, appliances, etc. All mechanicals still under warranty. These are 10, 1 bedroom units in booming Greenville, a short walk to downtown, Unity park, etc. Each unit has a full kitchen, with stove, dishwasher and refrigerator, full bath and top and bottom laundry unit. Additional notes: 2022 taxes are NOT actual taxes buy are higher because of some county work completed during the construction process. Actual taxes are more around the $6,000 mark (based on previous years). The sale consists of 2 parcels - 0150.00-15-006.00 and 0150.00-15-007.00. Occupancy expected within 2 weeks of listing date.
© 2023 Greater Greenville Association of Realtors Multiple Listing Service. All rights reserved. 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 is not guaranteed accurate by the MLS or The Robby Brady Team, Allen Tate Realtors. Data last updated 2023-09-23T20:01:24.053.