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.
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0BEDS
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0.25ACRES
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0BATHS
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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.
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