Viewing Listing MLS# 1720161
Conway, SC 29527
- N/ABeds
- N/AFull Baths
- N/AHalf Baths
- 13,960SqFt
- 2003Year Built
- 0.00Acres
- MLS# 1720161
- Residential
- Duplex
- Sold
- Approx Time on Market10 months, 7 days
- AreaConway Central Between 501& 9th Ave / South of 501
- CountyHorry
- SubdivisionNot Within A Subdivision
Overview
Amazing multifamily investment opportunity;10% Cap rate with unlimited potential! Sale includes 5 duplex buildings totaling 10 rentable units. 100% occupancy rate, long term leases in place; most leases are long term with rental rate increases in place; very low operating expenses. Units have been updated and rent very quickly when a rare vacancy occurs. All units are 3 bedrooms, 2/2.5 bath units. Priced well below the July 2017 appraisal. Dont miss your opportunity to own this income producing property; wont last long!
Sale Info
Listing Date: 09-19-2017
Sold Date: 07-27-2018
Aprox Days on Market: 
10 month(s), 7 day(s)
Listing Sold: 
5 Year(s), 9 month(s), 6 day(s) ago
Asking Price: $780,000
Selling Price: $735,000
Price Difference:
Reduced By $45,000
Agriculture / Farm
Grazing Permits Blm: ,No,
Horse: No
Grazing Permits Forest Service: ,No,
Grazing Permits Private: ,No,
Irrigation Water Rights: ,No,
Farm Credit Service Incl: ,No,
Crops Included: ,No,
Association Fees / Info
Hoa Frequency: NotApplicable
Hoa: No
Community Features: LongTermRentalAllowed
Assoc Amenities: TenantAllowedMotorcycle
Bathroom Info
Total Baths: 0.00
Bedroom Info
Building Info
New Construction: No
Year Built: 2003
Mobile Home Remains: ,No,
Zoning: None
Construction Materials: BrickVeneer, VinylSiding
Buyer Compensation
Exterior Features
Spa: No
Foundation: Slab
Financial
Lease Renewal Option: ,No,
Garage / Parking
Garage: No
Carport: No
Parking Type: Assigned, Other
Open Parking: No
Attached Garage: No
Green / Env Info
Interior Features
Fireplace: No
Lot Info
Lease Considered: ,No,
Lease Assignable: ,No,
Acres: 0.00
Land Lease: No
Lot Description: Rectangular
Misc
Pool Private: No
Offer Compensation
Other School Info
Property Info
County: Horry
View: No
Number of Units Total: 10
Senior Community: No
Stipulation of Sale: ShortSale
Property Sub Type Additional: Duplex,MultiFamily
Property Attached: No
Security Features: HeatDetector, SmokeDetectors
Rent Control: No
Room Info
Basement: ,No,
Sold Info
Sold Date: 2018-07-27T00:00:00
Sqft Info
Building Sqft: 13960
Sqft: 13960
Tax Info
Tax Legal Description: Cates Bay & Temple; TRB
Unit Info
Utilities / Hvac
Heating: Central, Electric
Cooling: CentralAir
Electric On Property: No
Cooling: Yes
Utilities Available: CableAvailable, ElectricityAvailable, PhoneAvailable, SewerAvailable, UndergroundUtilities, WaterAvailable
Heating: Yes
Water Source: Public
Waterfront / Water
Waterfront: No
Directions
Take US 501 N to 4th Ave. / Hwy 701 Turn on Creel Street. Located between 4th Ave. / 701 & 9th Ave / Cates Bay Road in ConwayCourtesy of Tideland Commercial